Initial energization is a major first step in transitioning the project from construction toward system operations, said Vogtle 3 & 4 Construction Senior Vice President Glen Chick. With energization complete, we can continue moving into the actual testing phase for Unit 3.
Significant progress continues at the site, with the project now approximately 77 percent complete. With more than 7,000 workers currently onsite and more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
All first quarter milestones have been achieved including the placement of the Unit 4 pressurizer and the Unit 3 containment vessel top head, signifying that all modules and large components have been placed inside the unit.
Last week, Georgia Power filed an update on the Vogtle 3 & 4 project with the Georgia Public Service Commission (PSC), affirming the expected schedule remains within the regulatory-approved in-service dates of November 2021 for Unit 3 and November 2022 for Unit 4, with no change to the total project capital cost forecast.
From the beginning of the Vogtle expansion, Georgia Power has worked with the Georgia PSC to pursue all available benefits for customers and minimize the impact of the new units on electric bills. In March, Georgia Power closed on $1.67 billion in additional Department of Energy (DOE) loan guarantees for Vogtle 3 & 4. With a total of more than $5 billion in DOE loan guarantees, Georgia Power expects to be able to provide more than $500 million in present-value benefits to its customers.
The projected peak rate impact to Georgia Power retail customers is 10.4 percent, with approximately 5.5 percent already in rates.