Georgia Power has announced a stipulated agreement with the Public Interest Advocacy (PIA) Staff of the Georgia Public Service Commission (PSC) that aims to keep electricity affordable while meeting increasing energy demand in Georgia. The agreement, which still requires PSC approval, is part of a certification process for about 9,900 megawatts (MW) of new energy resources under review since July.
If approved, the agreement would allow Georgia Power to acquire a range of cost-effective resources, most sourced through competitive bidding. A key feature is that when Georgia Power files its next base rate case in 2028, incremental revenue from large-load customers will amount to at least $556 million per year. This is expected to reduce rates by at least $8.50 per month—approximately $102 annually—for typical residential customers using 1,000 kilowatt-hours monthly.
Kim Greene, chairman, president and CEO of Georgia Power, stated: “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.”
The state continues to see increased electricity demand due to economic development activities and population growth. The agreement highlights how large users such as data centers are helping keep costs lower for all customers and supporting investments in grid infrastructure. If given final approval by the PSC, the company will move forward with over 3,600 MW of new combined cycle natural gas generation; more than 3,000 MW of battery energy storage systems; 350 MW combining battery storage with solar; and over 2,800 MW via power purchase agreements.
Georgia Power plans to continue submitting quarterly reports on large-load growth to the PSC as new projects develop statewide. According to its November report, thousands of megawatts of additional electrical load are anticipated over the coming years with nearly 30 major projects either under construction or pending.
Earlier this year, updates were made to rules governing large-load customers requiring them to provide greater financial commitments and demonstrate readiness before being included in long-term planning forecasts. These changes aim to ensure only credible projects affect risk assessments and resource planning.
More information about these initiatives can be found at www.GeorgiaPower.com.
