Georgia Power Files 2 Gigawatts of New Customer Contracts

News Summary

Georgia Power has submitted nearly 2 gigawatts of new customer contracts to the Georgia PSC, marking a key milestone in the state’s energy sector. This move follows newly approved regulations aimed at accommodating large-load customers while protecting residential tariffs. Georgia Power aims to meet rising customer demand, particularly driven by growth in data centers, with an anticipated demand growth of 8,448 megawatts through 2031. Enhanced PSC requirements ensure only viable projects are added to the load forecast, helping to stabilize costs for residential and small business customers.

Atlanta, Georgia – Georgia Power has filed nearly 2 gigawatts of new customer contracts with the Georgia Public Service Commission (PSC) on September 30, 2025, marking a significant milestone for the state’s energy sector. This filing represents the first set of contracts established under newly approved PSC regulations, which provide Georgia Power with the flexibility needed to cater to large-load customers while ensuring protections for residential and small business customers against additional costs.

The contracts primarily reflect anticipated growth in data centers and other large-load customers as part of the ongoing All-Source Request for Proposals (RFP) certification process. In the filing, Georgia Power included updates regarding projected customer demand, economic growth, and a revised load forecast. Currently, the company is engaged in discussions with multiple large-load customers that could translate into further increases in demand.

With the new PSC rules approved in January, large-load customers are now subject to more stringent criteria, including financial commitments and readiness regarding infrastructure. These enhanced requirements ensure that only credible and viable projects are factored into Georgia Power’s risk-adjusted load forecast. This new pipeline of high-demand customers is critical in enabling the utility to implement a three-year base rate freeze, which excludes costs related to storm events. This base rate freeze aims to distribute costs across a broader customer base, thereby shielding residential and small business customers from excessive charges.

According to Georgia Power’s risk-adjusted forecast, overall customer demand is expected to rise, with a prediction of 8,448 megawatts (MW) of growth projected between the winters of 2025/2026 and 2030/2031. This anticipated demand surge supports Georgia Power’s request for certification of approximately 9,900 MW of new capacity resources via the All-Source RFP. The coordination between Georgia Power’s planning teams and the PSC in monitoring economic trends and customer data services is integral to this process.

The updated PSC regulations allow the utility to offer tailored contracts to large-load customers, featuring terms that include upfront infrastructure payments and long-term commitments. Georgia Power, which serves 2.8 million customers across the state, stands as the largest electric subsidiary of Southern Company. In addition, Southern Company reported robust financial stability, highlighting an 8.53% revenue growth over the last twelve months. Its commitment to maintaining reliable and affordable energy has been recognized, as it has earned accolades as an industry leader in customer satisfaction according to J.D. Power.

The overall economic outlook and commitments from customers indicate a sustained demand for electricity within Georgia for the foreseeable future, emphasizing the critical relationship between Georgia Power’s operations and the state’s economic landscape.

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