What exactly did the Georgia PSC approve for Georgia Power?

The commission unanimously approved a capacity expansion of nearly 10 GW, including five new gas plants plus additional contracts. The estimated cost is about $16.3 billion. The plan targets fast-growing AI data center demand and system reliability. Details on procurement, sites, and contract structures will roll out in subsequent regulatory filings and project updates.

How could this decision affect customer bills in Georgia?

Bill impacts will depend on construction timing, cost control, and fuel prices. Costs enter rates through future cases and fuel riders after assets go in service. Georgia Power says contracts with large-load customers will help put downward pressure on bills, but the exact effect will become clearer as contracts and cost allocations are filed.

Why are AI data centers pushing for more gas capacity?

AI data centers require highly reliable, round-the-clock power. Firm capacity from gas plants can support consistent output and quick ramping during peak hours. While renewables add energy, firm resources help maintain stability during weather or demand spikes. Georgia Power argues this mix meets near-term needs while keeping outage risks low for large users.

What are the biggest risks for investors following this approval?

Key risks include policy changes that raise emissions costs, demand that underperforms expectations, and delays or overruns that face prudence challenges. Fuel volatility can lift pass-through costs. Investors should watch 2026 filings for contract terms, procurement progress, and updated load forecasts, which will shape returns and potential customer bill impacts.

Global Market Insights

Georgia Power December 31: Regulators OK 10 GW Gas Plan for AI Data Centers

ByHuzaifa Zahoor January 1, 2026January 1, 2026

Georgia Power gained unanimous Georgia PSC approval on December 31, 2025 for a $16.3 billion expansion adding nearly 10 GW through five new gas plants plus contracts. The plan targets rising AI data center demand and grid reliability. The utility also pledged downward pressure on bills by leveraging contributions from large-load customers. For retail investors, this sets a multi-year capital path with regulatory checkpoints. We explain what was approved, how bills and returns could shift, the key risks, and the signals to watch in 2026 as GA Power executes.