Thomas A. Fanning
thank Good joining for morning, you us today. and
morning, can this materials you see a had we from quarter. released the solid As we
to Our on well our premier and as continued utilities as and competitive are expectations. state-regulated original generation adjusted Power, Southern we gas our remain results deliver track subsidiary, above to well that electric perform well
The hurricane come in maximum performed strength the of performance miles professionalism our of in were Michael. three X Michael accomplished and without territory. The per Georgia, Michael XXX been Georgia power Hurricane another packing Florida. continued customers panhandle as than across employees Hurricane that than to after storm. Power proud XX-foot devastation was during maintained before, sustained Alabama, and XXX,XXX restoration the inland demonstrated Category ashore it particularly strongest has weather resolve restoration following of Florida the evident to through and Alabama and our storm, financial surge the employees Florida this winds how Alabama, as efforts and moved events. customers of more recent Northwest first-time was as following While recent year is are hour, within notable of of Storm destruction service we never the our days severe storm across Power left into Immediately powerful event. more our Georgia a ever and
the of we effort. time Gulf extraordinary accomplished service Canada area could restoration was The but be personal the For what rebuilt. an of also within work of with results XX of XX for and included of effort of of public partnership private from who contributions their the estimated however, Southern had around efforts. resulted states Homeland XX,XXX entirely rebuild and and be included personnel sacrifice. restored; collaboration only ahead This their XX,XXX in textbook effort area, historic to consider Security was of these complete. much a effort assisted days, Power, the testament Department Panama the owe critical and This for and would similar system City our personnel, not of successful and with some to Energy the Company hours Department a restoration XX hard hardworking dedication debt gratitude commitment over men We the over the women which
review updates. I'd key of first like turn our provide the few financial to to a results, Drew call I Before over a for
deck Georgia Georgia unanimously to Power and in an Service is approve Commission Vogtle in the First, schedule Power's for X for Georgia proceedings full Units update expected August filing that slide Units Plant On review the for XX the Vogtle beginning this to report XX February filed of call. VCM its X. included process, approval, the VCM voted XX, VCM Subsequent A a which X on XXXX. is Public conclude to appendix and of X. XX
co-owners construction all continue nation's forward Vogtle is Georgia's of that the to September XX, future. with four on means energy project will on the voted project X. Units Additionally, construction we which continue to This and critical X commitment our and
While there to completing and have the we safely our constructive both will been and challenges, units way. remain be maintaining along with relationships committed partners
revised no the the at Let's estimate. the to now second contingency communicated remains including in quarter on project including capital move earnings the total contingency assignment progress of site. forecast cost call The unchanged
continued and have of the dates compared November executed and call. approximately have as cost and Units XXXX up of that for our November contracts subcontract XXXX, two-thirds last approximately to earnings respectively. in-service X We X now costs to estimated Recall firm for are subcontract XX% approved
However, margin. site's of work planned on respectively, date we the an X manage accelerated continued preserve schedule for based and April XXXX and April XXXX to to completion Units X,
productivity currently the SPI and and historical late results performance in with in-line More reset the resulted index While site weekly sustained Bechtel recent X.XX, October a and site term since long some cumulative in averages. respectively. at CPI Florence index improvement to weekly in Michael, and are performance were performance we schedule Hurricane July. contractor compared seen stand-down significant cost X.XX in performance at impacted improvement and have primary became construction the otherwise the in by XXXX, Since
of improvements of drivers XXX,XXX the the on performance view labor, system in the consider key build upon ultimately Focus continuing craft ensure best that element to they and that project. the successfully productivity indicators as turnover will productivity, above determines performance, site resources the to and at need come of workforce. backlog it workable including is a impacts productivity. labor maximum at Productivity We craft levels. of Most site continue existing collective to schedule complete of staffing as productivity the from these number ramp-up to the project earned hours the the two measures of including the key weekly the have we
to hours, and planned stand-down schedule. past site in the ramp up reset to meet earned to new earned XX,XXX a achieved record. the This XXX,XXX hours site's approximately to this continuing week we accelerated efforts July. the hours In fact, levels earned compares last We're staffing prior weekly
Our objective is from testing. we functional of levels hot XXXX through spring maintain those X achieve to approach spring Unit as and XXXX
X in is We approximately our to accomplished expected both all achieved units and and augment success workforce in X electrician Since the X are XX% earnings milestones craft in have complete, operation. major slide a and included grid, Overall, project we support Sanmen to on-site. of X is are from China efforts well. It labor schedule deck. several the Hands Meanwhile, that milestones synced and with accelerated last continue Sanmen the domestically list China have have the to the operation will by go currently Lessons to future year-end. China our has both the process internationally, utilizing to project. including start-up having Haiyang call, way, units commercial of the important XX% for trades commercial recruitment Helping continues with learned under four construction. program, We've of our gone other exceedingly Haiyang of on-site. note our benefit in and our been
equity a expected States Center sources that definitive update Energy Northern an $XXX expect equity, in megawatts. we late to this transaction have with expanded Next, of approximately an expansion existing in million. Southern of by customary over of to an Drew update Mankato turn closing be stages million close currently total on in our economic will Mankato Southern agreement optimize The have conditions, sell initiatives. offset facility I'll Power. and needs common for the mid-XXXX. is earnings construction transaction and XXX initiatives to consists combined Recall value facility project approximately the is financial of to two-on-one existing Subject to Company. a reached mid-XXXX, that gas to The as ongoing of be a total and and an cycle we overview for Power's the one-on-one $XXX capacity our to is service now natural to call accretive,
