Georgia Power highlights first contracts under new rules & regulations, continued economic growth and updated forecasts in latest filings with Georgia PSC
Georgia Power (NYSE:SO) has filed nearly 2 gigawatts of new customer contracts with the Georgia Public Service Commission (PSC), representing the first agreements under newly approved rules and regulations. The company's risk-adjusted forecast projects increased demand of 8,448 megawatts (MW) between winters 2025/2026 and 2030/2031.
The utility is seeking certification for approximately 9,900 MW of new capacity resources through an All-Source Request for Proposals (RFP). The new regulations require large-load customers to meet stricter criteria, including financial commitments and infrastructure readiness, while protecting residential and small business customers from additional costs. This growing customer pipeline supports Georgia Power's three-year base rate freeze (excluding storm costs).
Georgia Power (NYSE:SO) ha depositato contratti con i nuovi clienti per quasi 2 gigawatt, presso la Georgia Public Service Commission (PSC), segnando i primi accordi secondo le nuove norme e regolamenti approvati. La previsione risk-adjusted della utility indica una domanda aumentata di 8.448 megawatt tra l’inverno 2025/2026 e l’inverno 2030/2031.
La società cerca la certificazione per circa 9.900 MW di nuove risorse di capacità attraverso una richiesta di proposte (RFP) All-Source. Le nuove regole richiedono ai grandi clienti di soddisfare criteri più severi, tra cui impegni finanziari e prontezza infrastrutturale, proteggendo al contempo i clienti residenziali e le piccole imprese dai costi aggiuntivi. Questo crescente portafoglio clienti sostiene il fermo tariffario base di Georgia Power per tre anni (esclusi i costi legati alle tempeste).
Georgia Power (NYSE:SO) ha presentado contratos con aproximadamente 2 gigavatios de nuevos clientes ante la Georgia Public Service Commission (PSC), representando los primeros acuerdos bajo las reglas y regulaciones recientemente aprobadas. La proyección ajustada al riesgo de la compañía señala una demanda aumentada de 8.448 megavatios (MW) entre los inviernos 2025/2026 y 2030/2031.
La empresa busca la certificación de aproximadamente 9.900 MW de nuevos recursos de capacidad a través de una All-Source Request for Proposals (RFP). Las nuevas regulaciones requieren que los grandes clientes cumplan criterios más estrictos, incluidos compromisos financieros y preparación de infraestructura, mientras protegen a los clientes residenciales y a las pequeñas empresas de costos adicionales. Este creciente flujo de clientes respalda la congelación de tarifas base de Georgia Power durante tres años (excluidos los costos de tormentas).
Georgia Power (NYSE:SO)가 조지아 공공서비스위원회(PSC)에 약 2기가와트의 신규 고객 계약을 제출했으며, 이는 새로 승인된 규정 하에서의 첫 계약에 해당합니다. 회사의 위험조정 예측은 2025/2026 겨울과 2030/2031 겨울 사이에 8,448메가와트(MW)의 수요 증가를 전망합니다.
유틸리티는 All-Source RFP를 통해 약 9,900MW의 신규 용량 자원에 대한 인증을 요청하고 있습니다. 새로운 규정은 대형 고객이 재정적 약속과 인프라 준비를 포함한 더 엄격한 기준을 충족하도록 요구하는 한편, 주거 및 중소기업 고객을 추가 비용으로부터 보호합니다. 이 증가하는 고객 파이프라인은 조지아 파워의 3년간 기본 요금 동결(폭풍 비용 제외)을 뒷받침합니다.
Georgia Power (NYSE:SO) a déposé près de 2 gigawatts de nouveaux contrats avec des clients auprès de la Georgia Public Service Commission (PSC), marquant les premiers accords conformes aux règles et réglementations nouvellement approuvées. La prévision ajustée au risque de l’entreprise prévoit une demande augmentée de 8 448 mégawatts (MW) entre les hivers 2025/2026 et 2030/2031.
L’utilité cherche à obtenir la certification d’environ 9 900 MW de nouvelles ressources de capacité via une All-Source Request for Proposals (RFP). Les nouvelles réglementations exigent que les grands clients respectent des critères plus stricts, y compris des engagements financiers et une préparation des infrastructures, tout en protégeant les clients résidentiels et les petites entreprises des coûts supplémentaires. Ce flux croissant de clients soutient le gel des tarifs de base de Georgia Power pendant trois ans (hors coûts liés aux tempêtes).
Georgia Power (NYSE:SO) hat der Georgia Public Service Commission (PSC) fast 2 Gigawatt neue Kundenverträge vorgelegt, was die ersten Vereinbarungen unter den neu genehmigten Regeln darstellt. Die risiko-adjusted Forecast des Unternehmens sieht eine steigende Nachfrage von 8.448 Megawatt (MW) zwischen den Wintern 2025/2026 und 2030/2031.
Das Versorgungsunternehmen strebt eine Zertifizierung für ca. 9.900 MW neue Kapazitätsressourcen durch eine All-Source Request for Proposals (RFP) an. Die neuen Regelungen verlangen von Großkunden strengere Kriterien, einschließlich finanzieller Verpflichtungen und Infrastrukturbereitschaft, während residential- und Kleinunternehmerkunden vor zusätzlichen Kosten geschützt werden. Diese wachsende Kundenpipeline stützt die dreijährige Basispreis-Festschreibung von Georgia Power (ohne Sturmkosten).
Georgia Power (NYSE:SO) قدمت عقودًا مع عملاء جدد يصل إجمالها إلى نحو 2 جيجابتوات إلى لجنة الخدمات العامة جورجيا (PSC)، وهي تمثل أول اتفاقيات وفق القواعد والتنظيمات المعتمدة حديثًا. تتوقع الشركة أن يزداد الطلب بمقدار 8,448 ميغاوات (MW) بين شتائي 2025/2026 و2030/2031 وفق توقعها المعدل للمخاطر.
تسعى الشركة إلى الحصول على شهادة لنحو 9,900 MW من موارد سعة جديدة من خلال طلب عروض شامل All-Source (RFP). تتطلب التنظيمات الجديدة من كبار العملاء تلبية معايير أكثر صرامة، بما في ذلك الالتزامات المالية واستعداد البنية التحتية، مع حماية العملاء السكنيين والشركات الصغيرة من تكاليف إضافية. هذا التدفق المتزايد من العملاء يدعم تثبيت أسعار الأساس لمدة ثلاث سنوات لشركة Georgia Power (باستثناء تكاليف العواصف).
Georgia Power (NYSE:SO) 已向乔治亚州公共服务委员会（PSC）提交了近 2 吉瓦的新客户合同，标志着在新批准的规则和法规下的首批协议。公司基于风险调整的预测显示，2025/2026 与 2030/2031 两个冬季之间的需求将增加至 8,448 兆瓦（MW）。
该公用事业公司正通过一次 All-Source RFP（综合来源招标）寻求约 9,900 MW 的新容量资源的认证。新规要求大型用电客户满足更严格的标准，包括财政承诺与基础设施就绪，同时保护住宅与小企业客户免受额外成本的影响。此不断增长的客户管线支持 Georgia Power 的三年基准费率冻结（不含风暴成本）。
- Nearly 2 gigawatts of new customer contracts secured under new regulations
- Projected demand growth of 8,448 MW between winters 2025/2026 and 2030/2031
- Three-year base rate freeze protection for customers (excluding storm costs)
- Active negotiations with customers representing several additional gigawatts of potential demand
- Significant infrastructure investment needed to meet 9,900 MW capacity requirement
- Potential risks from economic uncertainties and geopolitical conflicts mentioned in forward-looking statements
Insights
Georgia Power's new contracts and strong load forecast position Southern Company for growth while the regulatory framework protects residential customers.
Georgia Power's filing of nearly
The company's risk-adjusted forecast projects demand growth of
What's particularly noteworthy is how Georgia Power has restructured its regulatory approach. The new rules require large-load customers to provide financial commitments and demonstrate infrastructure readiness—essentially implementing a "pay-to-play" model that shifts financial risk away from existing customers. This requirement for upfront infrastructure payments, long-term commitments, and financial guarantees from high-demand customers represents an innovative regulatory solution to a common utility challenge: how to accommodate large new loads without burdening residential customers.
The three-year base rate freeze mentioned in the release (excluding storm costs) is made possible precisely because these large customers will spread fixed system costs across a broader demand base. This cost allocation strategy allows Georgia Power to pursue substantial growth while maintaining rate stability for core customers—a balancing act many utilities struggle to achieve when facing rapid demand growth.
The company recently filed testimony with the Georgia PSC outlining how new contracts — driven largely by projected data center growth and other large-load customers — reinforce the need for additional generation resources to meet projected future demand. The filing is part of the ongoing All-Source Request for Proposals (RFP) certification proceeding and includes updates on projected customer demand, economic growth, and the company's load forecast.
Georgia Power remains in active negotiations with multiple large-load customers representing several additional gigawatts of potential demand. Following the Georgia PSC's approval of updates to rules and regulations for the company earlier this year, potential large-load customers must now meet more stringent criteria — including providing financial commitments and demonstrating infrastructure readiness — to remain in the company's long-term development pipeline. These enhanced requirements help ensure that only the most credible and viable projects are included in Georgia Power's risk-adjusted load forecast. This growing pipeline of high-demand customers is a key factor enabling the company's three-year base rate freeze (excluding storm costs), helping to spread fixed costs across a broader customer base and protect residential and small business customers.
Overall future customer demand remains strong with Georgia Power's risk-adjusted forecast projecting increased demand into the next decade, including 8,448 megawatts (MW) of projected growth between the winters of 2025/2026 and 2030/2031. Combined with continued progress on new customer contracts, this outlook further supports the company's request to certify approximately 9,900 MW of new capacity resources through the All-Source RFP, helping to ensure that Georgia's energy infrastructure keeps pace with economic development, and maintains reliable, resilient energy for customers.
"As Georgia continues to grow, our planning and forecasting teams are working every day to review the latest economic trends and customer data in coordination with our regulators at the Georgia PSC," said Aaron Mitchell, senior vice president for Strategic Growth for Georgia Power. "These new contracts reflect not only the state's economic momentum, but also our commitment to protecting residential customers while responsibly planning for future energy needs."
New Rules & Regulations Provide Flexibility, Protect Customers
In January, the Georgia PSC approved new rules and regulations that enable Georgia Power to serve large-load customers through customized contracts — including terms such as upfront infrastructure payments, long-term commitments, and financial guarantees — while helping ensure that residential and small business customers are shielded from bearing the costs associated with these high-demand projects. Read more here.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.8 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power offers rates below the national average, focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), X (X.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning projected demand growth. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2024, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025 and June 30, 2025, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: variations in demand for electricity; global and
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SOURCE Georgia Power
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