MEAG POWER LOAN GUARANTEES FOR VOGLE NUCLEAR

MEAG POWER HAS ANNOUNCED IT HAS CLOSED ON $414 MILLION IN ADDITIONAL LOAN GUARANTEES FROM THE U.S. DEPARTMENT OF ENERGY FOR MEAG'S SHARE OF THE CONSTRUCTION OF PLANT VOGLE NUCLEAR UNITS 3 AND 4.

THIS IS IN ADDITION TO THE U.S. DEPARTMENT OF ENERGY CONDITIONAL LOAN GUARANTEE OF UP TO $3,7 BILLION FOR THE COMPLETION OF THE PROJECT—DOGGED BY COST OVERRUNS AND CONSTRUCTION DELAYS NEAR AUGUSTA.

THE CITY OF THOMASTON, GRIFFIN, BARNESVILLE, JACKSON, AND FORSYTH ARE AMONG THE 49 CITIES INVESTED IN THE PROJECT.

GA. POWER OWNS 45.7% OF THE PROJECT, OGLETHROPE POWER OWNS 30% , MEAG 22.7%, AND CITY OF DALTON 1.6%.