CLAIM #54018 · Southern Company (SO) · 2023Q2 earnings call · Aug 3, 2023 · due Dec 31, 2023
“Importantly, the project capital cost forecast is unchanged since last quarter.”
Christopher Womack · CEO
In context
“receipt of all 157 fuel assemblies, so middle of all iTAC and most recently, receipt of the 103G finding from the Nuclear Regulatory Commission signifies acceptance criteria for Unit 4 have been met. The project team's current focus is working through final testing and system turnover to operations that when complete, will allow fuel load for Unit 4. Recall, as we contemplated in the VCM 17 order, Georgia Power can file his prudence request with the Public Service Commission following fuel load on Unit 4. Following fuel load, the project team will conduct final preparations and testing of systems primarily associated with the electrical power production side of the plant. And achieving the pristine conditions in the nuclear island necessary for start-up activities and initial criticality. Importantly, the project capital cost forecast is unchanged since last quarter. and we continue to project Unit 4 will be placed in service between late fourth quarter 2023 and end of the first quarter 2024. The successful completion of this important project critical for George's and our nation's energy future. We look forward to these units providing reliable, carbon-free energy to customers for decades to come. Dan, I'll now turn the call over to you for a financial update. Dan Tucker: Thanks Chris and good afternoon everyone. For the second quarter of 2023, our adjusted earnings were $0.79 per share $0.04 higher than our estimate and $0.28 lower than last year. The primary drivers of our performance compared to last year were milder than normal weather conditions, higher depreciation and amortization and interest expense and changes in rates and pricing, somewhat”
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SEC filings for SO ↗ · Claim quote is verbatim from the 2023Q2 earnings call.