The Department of Energy (DOE) issued $6.5 billion in loan guarantees to Georgia Power Company (GPC) and Oglethorpe Power Corporation (OPC) in February 2014 and $1.8 billion in loan guarantees to Municipal Electric Authority of Georgia (MEAG Power) in June 2015 to support the construction of Units 3 and 4 – the nation’s next generation of advanced nuclear reactors – at the Alvin W. Vogtle Electric Generating site. Two Westinghouse AP1000 Generation III+ reactors will be constructed at Vogtle, which currently has two previous generation pressurized water reactors in operation.
Vogtle Units 3 and 4 are the first U.S. deployment of the Westinghouse AP1000 Generation III+ reactor. The AP1000 was designed by Westinghouse as the next-generation nuclear reactor that could provide a standardized design for the U.S. utilities market. The reactor is an evolutionary improvement over existing reactors, featuring advanced safety systems. For example, the AP1000 can shut down passively without external power or human intervention. The AP1000 is built with modules manufactured off-site and then assembled onsite. This has the potential to improve quality and eases construction when compared to the last generation of nuclear reactors built in the U.S. In addition, the AP1000 has a smaller footprint, using less land than older designs.
Vogtle Units 3 and 4 are expected to create 3,500 onsite construction jobs and are expected to support 800 permanent jobs.
Upon completion, Vogtle Units 3 and 4 are expected to generate 17,200,000 megawatt-hours of clean energy and prevent 10 million metric tons of carbon dioxide emissions annually.
Georgia Power Company (GPC), Oglethorpe Power Corporation (OPC), Municipal Electric Authority of Georgia (MEAG Power), City of Dalton, Georgia
Loan Amount 1
|$3.4 Billion (GPC), $3.1 Billion (OPC), $1.8 Billion (MEAG Power)|
|February 2014 (GPC and OPC) & June 2015 (MEAG Power)|
Projected Annual Generation 2
Permanent U.S. Jobs Supported
U.S. Construction Jobs Supported 3
CO2 Emissions Prevented Annually
10,000,000 Metric Tons
All information up-to-date as of June 2017.
1 Approximate amount of the loan facility approved at closing including principal and any capitalized interest.
2 Calculated using the project's and NREL Technology specific capacity factors. For cases in which NREL's capacity factors do not encompass project's specific design and operation, project specific capacity factors are used.3 Estimated at the time of GPC and OPC closing.