Investor Presentaiton

U.S. Nuclear Reactors - Proposed * U.S. Nuclear Regulatory Commission recently approved licenses for two new reactors in Georgia - first new licenses since 1978 * NRC Chair Jaczko dissent: "I cannot support issuing this license as if Fukushima never happened" * 1,100 MW Westinghouse AP1000 pressurized water reactors * $8.3 billion federal loan guarantee under Energy Policy Act of 2005 * Federal tax credit up to $250 million annually for first 8 years of operation * Ratepayer surcharge of $44 per year increasing to $120 by 2018

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