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Subsequent Events
6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events. In July 2022, the Georgia Public Service Commission approved Georgia Power’s 2022 integrated resource plan. This plan requested the decertification of coal-fired Plant Wansley, of which we own a 30% interest, by August 31, 2022. Following decertification, Georgia Power has stated it intends to retire Plant Wansley. In connection with this retirement, we created a regulatory asset to defer a portion of the accelerated depreciation expense and recover the deferred costs no later than December 31, 2040. The Georgia Public Service Commission also approved Georgia Power’s modified closure proposal for the ash pond at Plant Wansley. The proposal recommended closure by removing the ash from the coal ash pond for several site-specific reasons, including available capacity at an existing on-site landfill, the retirement of Plant Wansley, beneficial use of the coal ash, and managing construction and operational risks of the previous close in place design. The Georgia Environmental Protection Department must also approve the change in closure plans. We are continuing to evaluate the costs associated with the modified closure plan; however, preliminary estimates provided by Georgia Power indicate that the modified closure plan could increase our costs to close the ash pond by approximately $100 million (in 2021 dollars). Given the pending approvals and level of uncertainty associated with the cost and estimated timing of closure by removal, we have concluded that these costs are not reasonably estimable and are therefore not reflected in the coal ash related asset retirement obligations at June 30, 2022. We expect to receive more refined estimates from Georgia Power regarding closure costs and the timing of expenditures prior to year-end 2022. See Note J of Notes to Unaudited Consolidated Financial Statements for additional information regarding the retirement of Plant Wansley and the associated regulatory asset and see “Item 1 – OUR BUSINESS – REGULATION – Environmental – Coal Combustion Residuals and Effluent Limitations Guidelines” in our 2021 Form 10-K for additional information regarding the closure of the coal ash pond.