Georgia regulators approve huge electric generation increase for data centers [Yahoo! Finance]
Southern Company (The) (SO)
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Source: Yahoo! Finance
It would be one of the biggest build-outs in the U.S. to meet the insatiable electricity demand from developers of artificial intelligence . The construction cost would be $16.3 billion, but staff members say customers will pay $50 billion to $60 billion over coming decades, including interest costs and guaranteed profit for the monopoly utility. Georgia Power Co. and the Public Service Commission pledge large users will more than pay for their costs, and that spreading fixed costs over more customers, could help significantly cut residents' power bills beginning in 2029. “Large energy users are paying more so families and small businesses can pay less, and that's a great result for Georgians,” Georgia Power CEO Kim Greene said in a statement after the vote. But opponents say the five elected Republicans on the commission are greenlighting a risky bet by the utility to chase data center customers with existing ratepayers left holding the bag if demand doesn't materialize. “Th
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News
- Georgia regulators approve huge electric generation increase for data centers [Yahoo! Finance Canada]Yahoo! Finance Canada
- Georgia PSC approves plan to deliver savings for electric customers, meet energy demands of a growing statePR Newswire
- Georgia Power and Atlanta Hawks expand HBCU Pathways program for fourth consecutive year [Yahoo! Finance]Yahoo! Finance
- Georgia Power and Atlanta Hawks expand HBCU Pathways program for fourth consecutive yearPR Newswire
- Southern (NYSE:SO) was given a new $94.00 price target on by analysts at UBS Group AG.MarketBeat
SO
Earnings
- 10/30/25 - Beat
SO
Sec Filings
- 12/4/25 - Form 4
- 11/26/25 - Form 4
- 11/25/25 - Form 144
- SO's page on the SEC website