Lionella Dantes XXX
Lionella Dantes XXX
The Project is presently 30 days delayed on HFT in keeping with the Company's original forecast crowning glory, based on reaching the 350 degree F plateau on 6/1/21 as opposed to 5/1/21. This additional 30 days has extra impacted the Project's capacity to meet the forecasted completion date of 7/9/2021. It is feasible that this delay may have a bad impact on the Company's capacity to earn dividends in 2021 and beyond. This is as the Company is needed to expend in total the increase in Vogtle forecast building costs of $700 million previous to charging Project charges to the additional contingency of $400 million or any other future forecasted cost increase. In order to maximize the opportunity for the Company to earn dividends, the Project needs to be achieved by 2020. If the Project is not completed by 2020, the Company would not have sufficient liquidity to fund future operations until 2022. To be sure that the Project can be accomplished in time to meet the projected closing date of 2020, staff has developed a series of suggestions that will allow the Company to proceed its work on this Project. These come with the following:* Turnover of Systems to Operation - Once ITP tests of a system are effectively accomplished, the system is turned over to Operations for operating and maintaining. This process calls for walkdowns, a review of the system for punchlist items and transfer of the bureaucracy and documentation needed to function the system. This is a vital step in ensuring that the Project might be capable of operate easily after completion. This is as it will ensure that the strategies are correctly maintained and operated to supply the highest levels of electrical energy while minimizing the risk of a malfunction.22.01.2023