Georgia Power, the largest affiliate of electric utility firm,
), reported updates relating to the continuous improvement in the
manufacturing of nuclear units 3 and 4 of Plant Vogtle. Georgia
Power added that the development has advanced significantly
On Mar 2013, concrete of roughly 7,000 cubic yards was provided
for the basemat of Unit 3. Following this, the reactor vessel for
Unit 3 and the deaerator for Unit 4 have been delivered.
Moreover, the CR10 cradle module has been placed in the island of
nuclear Unit 3.
Additionally, rebar has been installed in the auxiliary
building walls of Unit 3. Included in the update, the
mudmat has been placed in the island of nuclear Unit 4. The
basemat rebar has also been installed for Unit 4. Alongside, the
containment vessel bottom head was placed for the nuclear
Georgia Power reveals that the development is expected to
increase the company's economic value by $4 billion. Moreover,
Georgia Power employed 5,000 workers during the peak
manufacturing period of the project. In addition, 800 jobs are
believed to be created once the units start operating. In
Georgia, this project is believed to generate the highest number
The two units are expected to come online by 2017 and 2018 and
are estimated to add total capacity of above 2,200 megawatts.
For commercial operation of the project, Georgia Power has
already initiated employment. Training is also being provided to
the newly hired employees.
Georgia Power an investor-owned, tax-paying utility. Moreover,
Georgia Power has been providing electricity to Georgia for more
than a century at rates well below the national average.
Headquartered in Atlanta, GA, Southern Company is one of the
largest generators of electricity in the nation, serving both
regulated and competitive markets across the southeastern U.S.
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However, with approximately a third of Southern Company's total
retail sales coming from industrial customers, a sluggish economy
severely affects the fortunes of Southern Company, as compared to
other utilities that are less dependent on the industrial
Southern Company currently carries a Zacks Rank #3 (Hold),
implying that it is expected to perform in line with the broader
U.S. equity market over the next one to three months.
Meanwhile, one can have a look at electric utility stocks like
Brookfield Infrastructure Partners LP
Integrys Energy Group Inc.
) that offer value. All the stocks sport a Zacks Rank #2