Southern Company announces closing of $1.67B in loan guarantees for Vogtle units
Southern Company announced the closing of approximately $1.67B in additional Department of Energy loan guarantees for the new Vogtle 3 & 4 nuclear units. Georgia Power noted that it had previously secured loan guarantees of $3.46B for the construction of the new units. Georgia Power owns 45.7% of the new units, with the project's other co-owners including Oglethorpe Power, MEAG Power and Dalton Utilities. "We have made significant progress since taking over construction at the site and expect that momentum to continue this year," said Georgia Power Chairman, President and CEO Paul Bowers. "Placement of the Unit 3 top head is a historic milestone for the project, reflecting the hard work and dedication of the Vogtle 3 & 4 team as we transition these units closer to operation."