Vogtle 3&4 Update

Utility Communicators International June 12, 2013

Todd Terrell Communications Director

Georgia Power Nuclear Development

Certain information contained in this presentation is forward-looking information based on current expectations and plans that involve

risks and uncertainties. Forward-looking information includes, among other things, statements concerning estimated construction and

other expenditures, job creation, benefits to customers and the completion of ongoing construction projects. Georgia Power cautions

that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been

provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future

performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power;

accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those

discussed in Georgia Power’s Annual Report on Form 10-K for the year ended December 31, 2012, and subsequent securities filings,

could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the

impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations;

current and future litigation, regulatory investigations, proceedings, or inquiries; effects of inflation; ability to control costs and avoid

cost overruns during the development and construction of the Plant Vogtle expansion, to construct facilities in accordance with the

requirements of permits and licenses, and to satisfy any operational and environmental performance standards; state and federal rate

regulations and the impact of future rate cases and negotiations; regulatory approvals and actions related to the Plant Vogtle expansion,

including Georgia Public Service Commission approvals, Nuclear Regulatory Commission actions, and potential U.S. Department of

Energy loan guarantees; the inherent risks involved in operating and constructing nuclear generating facilities, including environmental,

health, regulatory, natural disaster, terrorism, or financial risks; the ability of counterparties of Georgia Power to make payments as and

when due and to perform as required; the direct or indirect effect on Georgia Power’s business resulting from terrorist incidents and the

threat of terrorist incidents, including cyber intrusion; interest rate fluctuations and financial market conditions and the results of

financing efforts, including Georgia Power’s credit ratings; the impact of any potential U.S. credit rating downgrade or other sovereign

financial issue, including impacts on interest rates, access to capital markets, impacts on currency exchange rates, counterparty

performance, and the economy in general, as well as potential impacts on the availability or benefits of proposed U.S. Department of

Energy loan guarantees; and catastrophic events such as fires, earthquakes, explosions, floods, hurricanes, droughts, pandemic health

events such an influenzas, or other similar occurrences. Georgia Power expressly disclaims any obligation to update any forward-

looking information.

Forward-Looking Statement

Vogtle 3 and 4

• Two units: 1,117 MW each

• Technology: Westinghouse AP1000

• Location: Waynesboro, Ga.

• When completed, Vogtle 1-4:

–Will be the largest nuclear energy facility in U.S.

–Will power 1+ million homes and businesses

Plant Vogtle

Co-Owners

Project Participants

• The best economic value – up to $4 billion more – over

available alternatives

• Total impact on customer rates, once the units are in

service, is currently projected to be between 6 and 8

percent

• Largest job-producing project in Georgia, employing

approximately 5,000 people during peak construction

• Our uncompromising commitment is on safety and quality

• Our long-term focus is on the reliability of the facility

Vogtle 3&4 Benefits

• Limited Work Authorization (LWA)

• Construction and Operating License (COL)

• The National Academy for Nuclear Training

initial accreditation of Vogtle 3&4

operations training programs

Project Firsts

Procurement

Combined Construction/Operating License (COL) Process

Engineering, Procurement and

Construction (EPC) Contract Signed

Early Site Permit (ESP) Process

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2005

Westinghouse Design Control Document (DCD)

Certification Process

Full Construction/Start-Up

Limited Work

Authority

Public Service Commission (PSC) Certification Process

Fukushima

Schedule Overview

Today

Vogtle Construction

Monitor (VCM) Report

• Filed every six months with Georgia PSC • Updates budget, schedule, construction activities • Commissioners vote to approve costs incurred during the VCM reporting period

8VCM Approvals & Amendments

• Approval of $209 million invested

• Total investment currently $2.21 billion

• Amend construction schedule:

U3 -- 4Q 2017

U4 -- 4Q 2018

• Construction Capitol:

Certified $4.418B

Amendment Request $4.799B

• Heavy Lift Derrick: 560 feet high

– 10 feet taller than Washington Monument

• Largest lift: 968 tons (CA20 module)

– 3X heavier than the Statue of Liberty

• 500,000 cubic yards of concrete will be poured to construct units 3&4

– 8X more concrete than was used to build the Georgia Dome

Vogtle 3&4 Fun Facts

Component Fabrication

Vogtle 3&4 -- January 31, 2013

First Nuclear Concrete – March 2013

Sept. 25, 2012

Unit 3 CR10 Cradle Lift – April 2013

January 2013

Unit 3 CR10 Cradle

January 2013

CVBH placed June 1, 2013

Unit 3 Reactor Vessel

Unit 3 Containment Vessel

Lower Ring

Unit 3 Containment Vessel

Middle Ring

Unit 3 Turbine Island

Unit 3 Cooling Tower

23

Unit 3 Turbine Rotors

Cooling Tower

Module Assembly Building

Unit 3 Deaerator

Unit 3 Steam Generator

Unit 3 Pressurizer

Unit 3 Accumulator Tanks A and B

U4 Nuclear Island Mudmat

• The best economic value – up to $4 billion more – over

available alternatives

• Total impact on customer rates, once the units are in

service, is currently projected to be between 6 and 8

percent

• Largest job-producing project in Georgia, employing

approximately 5,000 people during peak construction

• Our uncompromising commitment is on safety and quality

• Our long-term focus is on the reliability of the facility

Vogtle 3&4 Benefits