Georgia Power has reached a stipulated agreement with the Public Interest Advocacy (PIA) Staff of the Georgia Public Service Commission (PSC), aiming to keep electricity costs low while meeting increasing energy demand in Georgia. The agreement, which still requires approval from the PSC, is intended to support the company’s efforts to address rapidly rising electricity needs across the state.
The agreement allows Georgia Power to procure about 9,900 megawatts (MW) of new resources. Most of these resources were selected through a competitive bidding process. If approved, the plan would require that when Georgia Power files its next base rate case in 2028, incremental revenue from large-load customers will total at least $556 million per year. This is expected to reduce rates for typical residential customers by at least $8.50 per month, or approximately $102 annually for those using 1,000 kilowatt-hours monthly.
Kim Greene, chairman, president and CEO of Georgia Power said: “We know every dollar counts. This plan means more money stays in your pocket while we power Georgia’s future. Unlike any other market in the country, we’re doing things differently here in Georgia to capture and serve this projected unprecedented growth. This stipulated agreement helps ensure we leverage Georgia’s growth in a way that lowers costs for customers. Large energy users are paying more so families and small businesses can pay less, and that’s a great result for Georgians.”
Georgia continues to see strong economic development and an increase in electricity demand. The agreement highlights how large energy consumers such as data centers are helping offset costs for all customers and supporting investments in infrastructure statewide.
If approved by the PSC, the plan would allow procurement of over 3,600 MW of new combined cycle natural gas generation; more than 3,000 MW of battery energy storage systems; 350 MW of battery storage plus solar; and upwards of 2,800 MW via power purchase agreements.
Georgia Power also continues to file quarterly reports on large-load growth with the PSC. Its most recent report indicates thousands of megawatts of new electrical load are forecasted over coming years with nearly 30 major projects under construction or pending statewide.
Following regulatory updates earlier this year, potential large-load customers must now meet stricter requirements—such as greater financial commitments and proof of infrastructure readiness—to be included in long-term plans. These changes aim to ensure only credible projects affect risk-adjusted forecasts and protect smaller customers from additional expenses.
More information about these developments can be found at www.GeorgiaPower.com.
