CLAIM #54013 · Southern Company (SO) · 2023Q1 earnings call · Apr 27, 2023 · due Jul 31, 2023
“Yes. No, you're right. I mean it's a standard outage. I mean, there's some testing equipment that has to be removed and some things that we have learned. And so we'll fine-tune some things, maybe some remediation that will occur probably about a 10-day maintenance outage.”
Christopher Womack · President
In context
“dule, sometime in early May we will conclude hot functional testing and then look toward critical path items of ITAAC's and testing and looking toward fuel load sometime in July. So, so far, so good. So that's kind of just -- that's where we are. But we've -- I mean the lessons learned from Unit 3, Unit 4, I think, are clearly reflecting in showing up as we go through hot functional testing on Unit 4. Operator: Our next question comes from the line of Durgesh Chopra with Evercore ISI. Q - Durgesh Chopra Just first, Chris, you talked about the maintenance outage at Unit 3. I just want to confirm that's just standard process, right? That's not an added step based on... Christopher Womack : Yes, it's -- go ahead, Durgesh. Durgesh Chopra : No, that's it. Please go ahead. Christopher Womack : Yes. No, you're right. I mean it's a standard outage. I mean, there's some testing equipment that has to be removed and some things that we have learned. And so we'll fine-tune some things, maybe some remediation that will occur probably about a 10-day maintenance outage. But yes, I mean, it's standard and what's expected. Durgesh Chopra : Perfect. Thank you for clarifying that. And then maybe I can just pivot to the Georgia Power under-recovered fuel filing. I believe you made that in February. Just any initial stakeholder feedback there I know in the last call, we talked about perhaps offsetting some of that balance with lower gas prices going forward as we see it. Just anything you can share with us on that front would be great. Christopher Womack : As you may know, we reached a stipulation with the staff, and we're looking at about a 12% price increase on retail rates over 3-year period to recover that under-recovered fuel balance, and that would take effect in June. And that is lower than what our initial request was and 30% less than what we expected”
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SEC filings for SO ↗ · Claim quote is verbatim from the 2023Q1 earnings call.