Georgia PSC Approves $16.3 Billion Southern Company Power Projects

Reuters12-20
Georgia PSC Approves $16.3 Billion Southern Company Power Projects

Southern Company announced that on December 19, 2025, the Georgia Public Service Commission $(PSC)$ approved a settlement agreement between Georgia Power Company and the PSC’s Public Interest Advocacy Staff. The agreement certifies all 9,885 megawatts of requested resources from the company’s 2029-2031 All-Source Certification Proceeding. The approval covers company-owned projects with a projected capital investment of approximately $16.3 billion, with about $14 billion expected to be spent between 2026 and 2029. The settlement also requires Georgia Power to ensure at least $556 million per year in downward pressure on rates for typical residential customers during 2029-2031.

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