Its shares have increased 37% in the past year. MYR Group: The company is worth approximately $2.00 billion. You can see the complete list of today’s Zacks #1 Rank stocks here. Investors interested in the utility sector might look at some better-ranked stocks like MYR Group MYRG, sporting a Zacks Rank #1 (Strong Buy), and CenterPoint Energy CNP and E.ON EONGY, each holding a Zacks Rank #2 (Buy) at present.
It is one of the country's largest energy companies, focusing on clean energy and sustainability.Ĭurrently, the Southern Company carries a Zacks Rank #3 (Hold). The Southern Company is an American utility firm that provides electricity to customers across southern United States. Georgia Power's focus on clean energy solutions shows its long-term commitment to lowering carbon emissions and ensuring sustainability. The Vogtle expansion project is a collaboration between Georgia Power and other utilities that’s expected to promote economic growth, create jobs, and provide clean and safe energy. The hot functional testing phase of Vogtle Unit 4 marks a significant step toward operations and providing customers with a reliable, carbon-free energy source. It has also invested in other renewable energy sources such as solar and wind power, demonstrating a diversified energy portfolio that prioritizes customer needs. The company's investment in nuclear power shows its long-term commitment to reducing carbon emissions and ensuring sustainability. Georgia Power is focused on providing clean and safe energy to its customers, and the Vogtle expansion project is a testament to that. Georgia Power's Commitment to Clean Energy This advancement, in turn, will contribute to make nuclear power a more viable and sustainable source of energy in the future. The project will also be beneficial in advancing nuclear power technology and engineering in the United States. The new nuclear unit will produce zero greenhouse gas emissions, which will make it an integral part of the effort to combat climate change. The Vogtle Unit 4 Electric Generating project is a collaboration between Georgia Power and a diverse group of other utilities, ensuring supply of safe and reliable energy to meet growing customer demand. The aforesaid unit will be run by Southern Nuclear, a subsidiary of The Southern Company, on behalf of the co-owners - Georgia Power, Oglethorpe Power, MEAG Power and Dalton Utilities. Once the unit starts functioning, it is expected to power more than 500,000 homes and businesses with clean energy sources. The new Vogtle unit is a crucial part of Georgia Power's commitment to providing its 2.7 million customers with clean, safe, reliable and affordable energy. Projected Service DateĪccording to Georgia Power, Vogtle Unit 4 is anticipated to begin operation in the last quarter of 2023 or the first quarter of 2024. During the entire testing process, nuclear operators will be able to exercise and validate procedures as necessary prior to fuel load. Once normal operating temperature and pressure levels are achieved and maintained, the unit's primary turbine will be increased to normal operating speed using steam from the plant. They will then advance through the procedure until the system reaches normal operating pressure and temperature.Īs part of the same process, nuclear operators will use the heat generated by the unit's four reactor coolant pumps to raise the system’s temperature and pressure to normal operating levels. As part of the testing process, the site team will start running Unit 4 plant system without any nuclear fuel in the reactor. It is conducted to verify the successful operation of reactor components and systems together, and confirm that the reactor is ready for fuel load. This test is a critical step in the commissioning process of a new nuclear power plant.
Southern company new nuclear plant series#
The testing marks the final series of important trials for the new nuclear unit, a crucial step toward operations and providing consumers with a reliable, carbon-free energy source for the next 60-80 years. The Southern Company’s SO electric subsidiary, Georgia Power, one of the leading energy providers in the United States, announced that hot functional testing has officially begun for Vogtle Unit 4.
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