New York, March 04, 2015 -- On 27 February 2015, Georgia Power Company (A3 stable) asked the Georgia Public Service Commission (GPSC) to certify the higher cost estimates and revised schedule recently provided by the contractors on the Vogtle new nuclear construction project. Under a 2013 stipulation between Georgia Power and the GPSC that we viewed as credit negative, the GPSC is not required to certify such cost increases until after completion of the first of the two new nuclear units. We would view GPSC acknowledgment and certification of the revised Vogtle nuclear project costs and schedule as credit positive and an important part of the ongoing regulatory support and validation process.

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