Georgia PSC scheduled to vote on agreement this month to deliver estimated savings of approximately $102 per year for the typical residential customer
ATLANTA, Dec. 10, 2025 – Georgia Power announced it has reached a stipulated agreement with the Public Interest Advocacy staff of the Georgia Public Service Commission (PSC). The deal, if approved, is designed to keep electricity costs low for residential and small‑business customers while the utility expands capacity to meet a rapidly growing demand for power across the state.
The agreement clears the way for Georgia Power to move forward with a diversified portfolio of new resources, the majority of which were selected through a competitive bidding process. Under the terms, the company’s next base‑rate filing in 2028 will incorporate at least $556 million of incremental revenue from large‑load customers. That revenue stream is expected to translate into a monthly rate reduction of $8.50 – roughly $102 per year for a typical household using 1,000 kWh per month. The savings estimate builds on a base‑rate freeze that the PSC approved earlier this year, which locks residential rates in place through 2028, excluding storm‑related adjustments.
“Every dollar counts for our customers,” said Kim Greene, chairman, president and CEO of Georgia Power. “This agreement lets us capture the growth of Georgia’s economy while ensuring that the cost burden shifts toward large energy users. The result is lower bills for families and small businesses.”
Georgia’s economy continues to attract data centers, manufacturing facilities and other high‑intensity users. Those “large‑load” customers are now required to meet stricter financial and infrastructure readiness criteria, a move intended to ensure only credible projects enter the utility’s long‑term load forecast. So far, the company has filed more than 3 GW of new contracts under the tightened rules, reinforcing its ability to spread fixed costs across a broader customer base.
If the PSC gives final approval, the stipulated agreement will enable Georgia Power to add over 3,600 MW of combined‑cycle natural‑gas generation, more than 3,000 MW of battery energy storage systems (BESS), an additional 350 MW of BESS paired with solar, and upward of 2,800 MW of power‑purchase agreements. The mix of gas, storage, solar and other resources is intended to provide a flexible, low‑cost backbone for the grid while supporting the state’s clean‑energy objectives.
Large‑load growth remains a key driver of the utility’s strategy. Quarterly reports filed with the PSC show thousands of megawatts of new demand projected over the next several years, with construction underway for nearly 30 major projects. Spreading the fixed costs of these projects across both large and small customers helps preserve the three‑year base‑rate freeze, shielding residential ratepayers from higher charges.
From a financial perspective, the agreement positions Georgia Power to capture higher-margin revenue from industrial and data‑center customers, which can be reinvested in infrastructure upgrades and new technology deployments. Analysts view the move as a pragmatic response to the “load‑growth premium” – the extra earnings potential that utilities can earn by serving high‑consumption customers under regulated rate structures.
Technologically, the inclusion of substantial battery storage capacity is notable. BESS can smooth intermittent renewable output, provide frequency regulation, and defer expensive transmission upgrades. By pairing storage with solar, Georgia Power aims to create “dispatchable” clean energy that can compete with traditional peaker plants on both cost and reliability.
Looking ahead, the utility’s ability to secure the PSC’s approval will be closely watched by investors and policymakers. Successful implementation could set a benchmark for other regulated utilities facing similar load‑growth pressures, especially in fast‑expanding Southeast markets.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), serving 2.8 million customers in 155 of Georgia’s 159 counties. The company’s generation mix includes nuclear, coal, natural gas, solar, hydroelectric and wind. Georgia Power consistently delivers rates below the national average and has been recognized by J.D. Power for high customer satisfaction.
Cautionary Note Regarding Forward‑Looking Statements
This release contains forward‑looking statements that involve risks and uncertainties, including assumptions about demand growth, regulatory actions, fuel costs, and the timing of project completions. Actual results may differ materially from those expressed or implied herein. Georgia Power disclaims any obligation to update these statements, except as required by law.
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