Georgia Power has announced a stipulated agreement with the Public Interest Advocacy Staff of the Georgia Public Service Commission (PSC) that aims to keep electricity costs down for consumers while addressing rising energy demand across the state. The agreement, pending PSC approval, is part of a broader certification process for about 9,900 megawatts of new energy resources under review since July.
If approved, the agreement would allow Georgia Power to move forward with procuring a mix of cost-effective resources, most of which were selected through competitive bidding. A key provision states 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 lower monthly rates by at least $8.50—or roughly $102 annually—for typical residential customers using 1,000 kilowatt-hours per month.
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.”
The state continues to see strong economic development and increased electricity needs. The agreement highlights how large energy users—including data centers—are helping reduce costs for all customers while supporting investments in infrastructure that benefit the electric grid statewide.
If approved by the PSC, Georgia Power would add more than 3,600 MW of new combined cycle natural gas generation; over 3,000 MW of battery energy storage systems; 350 MW of battery plus solar; and upwards of 2,800 MW via power purchase agreements. These additions would support all customers as part of a diverse energy portfolio.
Georgia Power will continue submitting quarterly reports on large-load growth to the PSC. The latest report indicates ongoing expansion with thousands of megawatts in new electrical load forecasted over coming years and nearly 30 major projects either under construction or planned throughout the state.
Following regulatory updates earlier this year, potential large-load customers must now meet stricter criteria—including stronger financial commitments and proof of infrastructure readiness—to be included in long-term planning forecasts. In 2025 alone, Georgia Power filed contracts representing over three gigawatts with the PSC under these updated rules designed to protect residential and small business customers from additional costs associated with serving larger clients.
For further information on how Georgia Power is working to maintain reliable and affordable service for millions across Georgia, visit www.GeorgiaPower.com.
