Ossoff investigating AI data center are impacting rising power bills in Georgia [CBS News]
Southern Company (The) (SO)
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Source: CBS News
The senator, who is running for reelection in November, sent a letter to Laura Swett, the chairman of the Federal Energy Reserve Commission, announcing the investigation on Monday. In the letter, Ossoff said that Georgians have been "suffering from sky-high power bills," arguing that additional data centers and other large customers could pass on more costs to families if safeguards are not put in place. "Since 2019, Georgia has seen over $4.5 billion in AI-related venture capital investments, and this booming growth in computing power creates massive new demand for electricity," Ossoff wrote. Last year, the Georgia Public Service Commission passed rules that the five commissioners said would protect Georgia Power customers from paying for generation or transmission investments needed to serve data centers. But commissioners also approved a huge expansion in electric generating capacity by Georgia Power, which is a subsidiary of Atlanta-based Southern Co. The utility said fea
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News
- Southern (SO) had its "underweight" rating reaffirmed by Morgan Stanley.MarketBeat
- Southern (SO) is now covered by Truist Financial Corporation. They set a "hold" rating and a $103.00 price target on the stock.MarketBeat
- Southern Company increases dividend for 25th consecutive yearPR Newswire
- Southern (SO) was downgraded by Seaport Research Partners to "neutral".MarketBeat
- Southern Company: Hold Regardless Of Upcoming Earnings, Still A Core Utility Position [Seeking Alpha]Seeking Alpha
SO
Earnings
- 2/19/26 - Miss
SO
Sec Filings
- 4/3/26 - Form ARS
- 4/3/26 - Form DEF
- 4/3/26 - Form DEFA14A
- SO's page on the SEC website