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Georgia Power's Strategic Approach to Future Energy Needs

Georgia Power continues to adapt its strategies to meet the energy requirements of a rapidly growing Georgia. In a recent announcement, the utility provider highlighted its plans to engage in an All-Source Capacity Request for Proposal (RFP) process, seeking to procure a substantial 2,000 to 6,000 megawatts (MW) of new, dispatchable capacity resources. This initiative is designed to keep pace with projected electricity demand for the years 2032 through 2033.

A Comprehensive RFP Process

Submitted to the Georgia Public Service Commission (PSC), the RFP is aimed at identifying reliable, economical options including thermal generation and energy storage systems, along with renewable sources such as solar energy. In collaboration with the PSC staff and independent evaluators, Georgia Power is committed to a transparent and competitive selection process that ensures all proposals are meticulously examined for their efficiency and dependability.

Should this proposal gain approval, the RFP is slated to accept bids in the second quarter of 2026, with a goal of certifying selected projects by mid-2027. This forward-thinking plan illustrates Georgia Power's proactive approach in managing the state's energy demands.

Commitment to Renewable Energy

In another proactive step, Georgia Power has filed to certify approximately 385 MW of new renewable solar resources under the company’s Clean and Renewable Energy Subscription (CARES) 2023 initiative. This move is part of Georgia Power's ongoing commitment to enhance its renewable energy portfolio while providing cost-effective solutions for its customers, ensuring access to affordable clean energy.

Rick Anderson, the senior vice president of Georgia Power, emphasized the company's dedication to maintaining reliable energy for customers as Georgia grows. “We recognize the importance of energy reliability and affordability for the homes and businesses we serve,” he stated, highlighting back-and-forth engagements with large-load customers. These customers are instrumental in driving significant growth, as appropriate contracts are developed to manage the costs effectively.

Addressing Projected Load Growth

Georgia Power additionally keeps the Georgia PSC updated with insights on projected load growth and commitments from large-load customers. As of now, 32 large-load customers have signed on to receive an estimated total of 15,600 MW of electric service, supporting 21 projects that are currently underway. This substantial growth follows a previous PSC approval for the inclusion of about 9,900 MW of new combined cycle gas turbines and battery storage facilities.

Moreover, adjustments made to the rules governing potential large-load customers have enforced stricter criteria for participation in Georgia Power’s long-term plans. This includes financial commitments and readiness for infrastructure—this tightens the company’s focus on engaging only with the most viable projects.

Benefits of Growth for Existing Customers

Not only does the rise in customer demand assist Georgia Power in covering fixed expenses, but it also leads to projected savings for existing residential customers. Thanks to the growing customer base, Georgia Power is set to offer annual savings of $102 to the average residential customer starting in 2029.

The surge in demand attributed to new customers has granted Georgia Power the leverage needed to maintain a base rate freeze, effectively distributing fixed costs and protecting smaller business and residential users from possible economic pressures.

In conclusion, Georgia Power’s comprehensive focus on future energy generation and its strategic partnerships with large-load customers place the company in a unique position to respond to the energy demands of a growing Georgia. For more information on how Georgia Power is committed to maintaining energy reliability and affordability, you can visit their website at www.GeorgiaPower.com.

About Georgia Power

Georgia Power stands as the largest electric subsidiary of Southern Company (NYSE: SO) and is dedicated to delivering clean, safe, reliable, and affordable energy to approximately 2.8 million customers across most of Georgia’s 159 counties. The utility company emphasizes value, reliability, and excellent customer service, and is recognized by J.D. Power for its high customer satisfaction ratings. Learn more at www.GeorgiaPower.com and connect with them on social media platforms.