XML 84 R67.htm IDEA: XBRL DOCUMENT v3.19.1
Electric plant, construction and related agreements: - Construction (Details)
1 Months Ended 12 Months Ended
Mar. 15, 2019
USD ($)
Sep. 30, 2018
USD ($)
Dec. 31, 2018
USD ($)
item
Dec. 31, 2008
item
MW
Sep. 30, 2017
USD ($)
Sep. 28, 2017
USD ($)
Feb. 20, 2014
USD ($)
Long-term debt              
Electric plant, construction and related agreements              
Ownership interests voting required to continue construction (as a percent)     90.00%        
Maximum borrowing capacity           $ 4,676,749,167  
Long-term debt | FFB              
Electric plant, construction and related agreements              
Maximum borrowing capacity     $ 4,676,749,167   $ 1,619,679,706   $ 3,057,069,461
Aggregate Department of Energy-guaranteed borrowings     $ 1,794,723,000        
Long-term debt | FFB | Maximum | Subsequent Event              
Electric plant, construction and related agreements              
Advances received on loans $ 585,000,000            
Global Amendments to Term Sheet | Long-term debt              
Electric plant, construction and related agreements              
Term of credit facility (in years)     5 years        
Vogtle Units No. 3 & No. 4              
Electric plant, construction and related agreements              
Number of additional nuclear units | item     2        
Ownership interest (as a percent)     30.00%        
Number of petitions filed by parties     2        
Estimated additional costs of completion     $ 450,000,000        
Estimated construction project-level contingency     240,000,000        
Capital market debt issuances     $ 1,887,000,000        
Vogtle Units No. 3 & No. 4 | Long-term debt | FFB              
Electric plant, construction and related agreements              
Term of credit facility (in years)     5 years        
Vogtle Units No. 3 & No. 4 | Ownership participation agreement              
Electric plant, construction and related agreements              
Project budget   $ 7,500,000,000          
Estimated construction contingency   $ 500,000,000          
Total investment in additional Vogtle units     $ 3,900,000,000        
Vogtle Units No. 3 & No. 4 | Ownership participation agreement | Occurrence of certain adverse events              
Electric plant, construction and related agreements              
Project extension term     1 year        
Vogtle Units No. 3 & No. 4 | Ownership participation agreement | Minimum | Occurrence of certain adverse events              
Electric plant, construction and related agreements              
Ownership interests voting required to continue construction (as a percent)     90.00%        
Vogtle Units No. 3 & No. 4 | EPC Agreement | Westinghouse Electric Company LLC and Stone & Webster, Inc.              
Electric plant, construction and related agreements              
Number of nuclear units | item       2      
Generating capacity of each nuclear unit | MW       1,100      
Vogtle Units No. 3 & No. 4 | Services Agreement | Westinghouse Electric Company LLC and Stone & Webster, Inc.              
Electric plant, construction and related agreements              
Written notice period for termination of agreement     30 days        
Vogtle Units No. 3 & No. 4 | Global Amendments to Term Sheet              
Electric plant, construction and related agreements              
Project budget     $ 8,400,000,000        
Additional construction costs     $ 800,000,000        
Percentage of number of Co-owners     67.00%        
Vogtle Units No. 3 & No. 4 | Global Amendments to Term Sheet | Occurrence of certain adverse events              
Electric plant, construction and related agreements              
Percentage of costs disallowed for recovery     6.00%        
Vogtle Units No. 3 & No. 4 | Global Amendments to Term Sheet | EAC exceeds by $800 million to $1.6 billion              
Electric plant, construction and related agreements              
Percentage of construction costs to be responsible by each Co-owner     24.50%        
Vogtle Units No. 3 & No. 4 | Global Amendments to Term Sheet | EAC exceeds by $1.6 billion to $2.1 billion              
Electric plant, construction and related agreements              
Percentage of construction costs to be responsible by each Co-owner     19.00%        
Vogtle Units No. 3 & No. 4 | Global Amendments to Term Sheet | Minimum | Occurrence of certain adverse events              
Electric plant, construction and related agreements              
Ownership interests voting required to continue construction (as a percent)     90.00%        
Ownership approval to change primary construction contractor (as a percent)     90.00%        
Ownership approval required for material amendments (as a percent)     67.00%        
Vogtle Units No. 3 & No. 4 | Global Amendments to Term Sheet | Minimum | EAC exceeds by $800 million to $1.6 billion              
Electric plant, construction and related agreements              
Additional construction costs exceeds EAC     $ 800,000,000        
Vogtle Units No. 3 & No. 4 | Global Amendments to Term Sheet | Minimum | EAC exceeds by $1.6 billion to $2.1 billion              
Electric plant, construction and related agreements              
Additional construction costs exceeds EAC     1,600,000,000        
Vogtle Units No. 3 & No. 4 | Global Amendments to Term Sheet | Minimum | EAC exceeds more than $2.1 billion              
Electric plant, construction and related agreements              
Additional construction costs exceeds EAC     2,100,000,000        
Vogtle Units No. 3 & No. 4 | Global Amendments to Term Sheet | Maximum | EAC exceeds by $800 million to $1.6 billion              
Electric plant, construction and related agreements              
Additional construction costs exceeds EAC     1,600,000,000        
Construction costs savings     44,000,000        
Vogtle Units No. 3 & No. 4 | Global Amendments to Term Sheet | Maximum | EAC exceeds by $1.6 billion to $2.1 billion              
Electric plant, construction and related agreements              
Additional construction costs exceeds EAC     2,100,000,000        
Construction costs savings     55,000,000        
Co-owners | Vogtle Units No. 3 & No. 4              
Electric plant, construction and related agreements              
Estimated additional costs of completion     1,500,000,000        
Estimated construction project-level contingency     $ 800,000,000        
Georgia Power | Vogtle Units No. 3 & No. 4 | Global Amendments to Term Sheet | EAC exceeds by $800 million to $1.6 billion              
Electric plant, construction and related agreements              
Percentage of construction costs to be responsible by each Co-owner     55.70%        
Georgia Power | Vogtle Units No. 3 & No. 4 | Global Amendments to Term Sheet | EAC exceeds by $1.6 billion to $2.1 billion              
Electric plant, construction and related agreements              
Percentage of construction costs to be responsible by each Co-owner     65.70%        
Georgia Power | Vogtle Units No. 3 & No. 4 | Global Amendments to Term Sheet | EAC exceeds more than $2.1 billion              
Electric plant, construction and related agreements              
Percentage of construction costs to be responsible by each Co-owner     100.00%        
Georgia Power | Vogtle Units No. 3 & No. 4 | Global Amendments to Term Sheet | Actual cost at completion less than EAC              
Electric plant, construction and related agreements              
Percentage of cost savings entitled     60.70%        
Georgia Power | Vogtle Units No. 3 & No. 4 | Global Amendments to Term Sheet | Maximum | EAC exceeds by $800 million to $1.6 billion              
Electric plant, construction and related agreements              
Potential Additional Costs     $ 80,000,000        
Georgia Power | Vogtle Units No. 3 & No. 4 | Global Amendments to Term Sheet | Maximum | EAC exceeds by $1.6 billion to $2.1 billion              
Electric plant, construction and related agreements              
Potential Additional Costs     $ 100,000,000        
Co-owners excluding Georgia Power | Global Amendments to Term Sheet | Actual cost at completion less than EAC              
Electric plant, construction and related agreements              
Percentage of cost savings entitled     39.30%        
Co-owners excluding Georgia Power | Vogtle Units No. 3 & No. 4 | Global Amendments to Term Sheet | EAC exceeds by $800 million to $1.6 billion              
Electric plant, construction and related agreements              
Percentage of construction costs to be responsible by each Co-owner     44.30%        
Co-owners excluding Georgia Power | Vogtle Units No. 3 & No. 4 | Global Amendments to Term Sheet | EAC exceeds by $1.6 billion to $2.1 billion              
Electric plant, construction and related agreements              
Percentage of construction costs to be responsible by each Co-owner     34.30%