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4-Traders Homepage  >  Equities  >  Nyse  >  Southern Co    SO

Delayed Quote. Delayed  - 08/24 09:30:06 pm
51.85 USD   +0.27%
06:07p SOUTHERN : Largest module in place at second Vogtle AP1000
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Southern : Largest module in place at second Vogtle AP1000

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08/24/2016 | 06:07pm CEST

The largest module has been installed at the Vogtle 4 nuclear construction project in the US state of Georgia. Emplacement of the CA20 module marks the heaviest lift at the project so far this year.

Southern Company subsidiary Georgia Power said the CA20 module and sub-modules were assembled from prefabricated wall and floor sections within the modular assembly building at the Vogtle site. The completed CA20 module was installed within Vogtle 4`s nuclear island on 20 August. The three-hour operation involved the use of the world`s largest crawler crane to hoist the module, which weighs some 840 tonnes, into position.

The CA20 module comprises plant and equipment for used fuel storage, transmission, the heat exchanger and waste collection, among other things. The module - measuring 20 metres long, 14 metres wide and 20 metres high - is the largest component to be used in the construction of AP1000 units.

Over 1800 cubic yards (1376 cubic metres) of concrete will now be poured to fill the walls of the CA20 module.

Unit 4 is one of two Westinghouse AP1000 reactors under construction at Vogtle, joining two existing pressurized water reactors. Unit 3`s CA20 module was lifted into place in March 2014. That unit is expected to enter operation by the middle of 2019, with Vogtle 4 following by mid-2020.

Two AP1000s are also under construction at VC Summer in South Carolina. Construction began on both units in 2013, with unit 2 expected to enter operations in 2019 and unit 3 in 2020.

The first two of four AP1000 units under construction in China - Sanmen 1 and Haiyang 1 - are expected to begin operations before the end of 2016, with Sanmen 2 and Haiyang 2 scheduled to be in operation by the end of 2017.

(c) International 2006-2016, SANA Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2016 18 541 M
EBIT 2016 4 953 M
Net income 2016 2 660 M
Debt 2016 36 315 M
Yield 2016 4,30%
P/E ratio 2016 18,00
P/E ratio 2017 17,54
EV / Sales 2016 4,69x
EV / Sales 2017 4,45x
Capitalization 50 609 M
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Southern Co Technical Analysis Chart | SO | US8425871071 | 4-Traders
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Mean consensus HOLD
Number of Analysts 20
Average target price 53,1 $
Spread / Average Target 2,6%
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Managers
NameTitle
Thomas A. Fanning Chairman, President & Chief Executive Officer
Kimberly S. Greene Chief Operating Officer & Executive Vice President
Arthur P. Beattie Chief Financial Officer & Executive Vice President
Warren A. Hood Independent Director
Donald M. James Independent Director
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