First nuclear concrete placed at Plant Vogtle expansion

           First nuclear concrete placed at Plant Vogtle expansion

Significant milestone for project vital to Georgia's energy future

PR Newswire

ATLANTA, March 14, 2013

ATLANTA, March 14, 2013 /PRNewswire/ --Georgia Power has completed the
placement of basemat structural concrete for the nuclear island at its Vogtle
Unit 3 nuclear expansion site, a significant achievement in the building of
the first new nuclear units in the United States in 30 years.

(Photo:http://photos.prnewswire.com/prnh/20130314/CL77516 )
(Logo: http://photos.prnewswire.com/prnh/20050216/CLW066LOGO )

"This historic moment marks yet another important milestone of the Vogtle
expansion project and reflects the tremendous progress we've made at the
site," said Georgia Power Nuclear Development Executive Vice President Buzz
Miller. "We are very proud of this accomplishment, and of all the hard work
and collaboration that went into making it happen. This was a team effort that
included Georgia Power, Southern Nuclear, CB&I, Westinghouse Electric Company
and our co-owners - Oglethorpe Power Corporation, the Municipal Electric
Authority of Georgia and Dalton Utilities."

Georgia Power is building two new nuclear energy facilities at Plant Vogtle
units 3 and 4, near Waynesboro.

The full outlines of both nuclear islands at Vogtle have been completed to
grade level. The first components for erecting the Unit 3 containment vessel
are completed and staged for installation once the basemat concrete has cured,
including the CR10 cradle and the Unit 3 containment vessel bottom head.

While maintaining focus on safety, quality and compliance, the basemat
concrete placement was completed in approximately 41 hours. The placement at
Vogtle Unit 3 encompassed approximately 7,000 cubic yards of concrete, which
will serve as the foundation for all of the nuclear island structures,
including the containment vessel and the shield building. It covered an area
approximately 250 feet long and 160 feet wide at its widest point, and the
concrete measured six feet in thickness.

The construction of Vogtle 3 and 4 is the largest job-producing project in
Georgia, employing approximately 5,000 people during peak construction and
creating 800 permanent jobs when the plant begins operating. Once complete,
the new units will produce enough electricity to power 500,000 Georgia homes
and businesses.

Unit 3 is scheduled to go on line in 2017, and Unit 4 will follow in 2018.

The facility provides at least $4 billion more value to customers than the
next best available technology, including natural gas generation. Georgia
Power is in position to provide customers with up to $2 billion in potential
benefits in the form of savings related to recovering financing costs during
construction, DOE loan guarantees, production tax credits, lower-than-forecast
interest rates and lower-than-forecast commodity costs.

Southern Nuclear, a subsidiary of Southern Company, is overseeing construction
and will operate the two new 1,100-megawatt AP1000 units for Georgia Power and
co-owners Oglethorpe Power Corporation, the Municipal Electric Authority of
Georgia and Dalton Utilities. Georgia Power owns 45.7 percent of the new
units.

Georgia Power is the largest subsidiary of Southern Company, one of the
nation's largest generators of electricity. The company is an investor-owned,
tax-paying utility with rates below the national average. Georgia Power serves
2.4 million customers in all but four of Georgia's 159 counties.

Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information
based on current expectations and plans that involve risks and uncertainties.
Forward-looking information includes, among other things, statements
concerning job creation, benefits to customers and the completion of
construction and other projects. Georgia Power cautions that there are certain
factors that can cause actual results to differ materially from the
forward-looking information that has been provided. The reader is cautioned
not to put undue reliance on this forward-looking information, which is not a
guarantee of future performance and is subject to a number of uncertainties
and other factors, many of which are outside the control of Georgia Power;
accordingly, there can be no assurance that such suggested results will be
realized. The following factors, in addition to those discussed in Georgia
Power's Annual Report on Form 10-K for the year ended December 31, 2012, and
subsequent securities filings, could cause actual results to differ materially
from management expectations as suggested by such forward-looking information:
the impact of recent and future federal and state regulatory changes, as well
as changes in application of existing laws and regulations; current and future
litigation, regulatory investigations, proceedings, or inquiries; ability to
control costs and avoid cost overruns during the development and construction
of the Plant Vogtle expansion; regulatory approvals and actions related to the
Plant Vogtle expansion, including Georgia Public Service Commission approvals,
Nuclear Regulatory Commission actions, and potential U.S. Department of Energy
loan guarantees; the inherent risks involved in operating and constructing
nuclear generating facilities, including environmental, health, regulatory,
natural disaster, terrorism, or financial risks; and the ability of
counterparties of Georgia Power to make payments as and when due and to
perform as required. Georgia Power expressly disclaims any obligation to
update any forward-looking information.

www.georgiapower.com

SOURCE Georgia Power

Website: http://www.georgiapower.com
Contact: Mark Williams, Georgia Power Media Relations, +1-404-506-7676, or
1-800-282-1696
 
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