Investor Presentaiton
Projected Financial Impacts Related to Vogtle 3 & 4¹
Projected Cash Flow Improvement in 2024 Financial Plan¹
($M)
750
(increases relative to 2021)
Projected EPS Impacts of Delays
Vogtle Quarterly Impacts³
500
250
0
Cash Debt and
Equity Cost
Recovery
(10.5% ROE)
Return of
Investment
(60-yr book life)
Tax
Depreciation
(15-yr tax life)
¹Assumes recovery of $7.3 billion of Vogtle 3 & 4 capital investment in base rates
2FFO Cash flow from operations
3-Month Delay at U3
3-Month Delay at U4
EPS4
~(2¢)
~(5¢)
~$700M
FFO
Uplift 1,2
³Estimated quarterly EPS impacts from rate penalties during construction if in-service date
for Unit 3 is extended beyond 1Q 2023 and Unit 4 is extended beyond 4Q 2023.
4 NCCR ROE levels associated with Units 3 and 4 are being reduced by 10bps per month,
beginning June 1, 2021 and June 1, 2022, respectively, until commercial operation with an
ROE floor of the long-term debt rate.
Projected Capital Cost Impacts of Delays
Capital Cost
~+$180M
Vogtle Monthly Pre-tax Impacts5
3-Month Delay at U3
3-Month Delay at U4
~ +$120M
5Estimated additional base capital costs for Georgia Powe resulting from extension of in-
service date beyond 1Q 2023 for Unit 3 and 4Q 2023 for Unit 4. Estimates include potential
incremental costs associated with the cost-sharing and tender provisions of the joint
ownership agreements.
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