“This approval affirms the need to quickly procure and deploy several thousand megawatts of resources to serve customers rapidly growing project electricity demands by the winter of 2026 and 2027.”

In context

“diverse mix of sectors with recent announcements, including automotive suppliers, flooring and glass manufacturers, data centers and mixed-use developments. During our year-end earnings call in February, we updated our forecast to reflect projected retail electric sales growth that is accelerating to a projected growth rate of approximately 6% from 2025 to 2028. The underlying Georgia Power projected sales growth rate is approximately 9% over the same period. As we look ahead, we're encouraged to see the signs of incremental growth also materializing in Alabama and Mississippi. A little more in 2 weeks ago, the Georgia Public Service Commission approved a stipulated agreement among Georgia Power, the Public Service Commission staff and multiple interveners in the 2023 IRP update docket. This approval affirms the need to quickly procure and deploy several thousand megawatts of resources to serve customers rapidly growing project electricity demands by the winter of 2026 and 2027. Georgia Power was also authorized to build and own a balanced collection of resources, including new natural gas combustion turbines and battery energy storage systems while also providing for an accelerated RFP process for incremental battery energy storage systems. The constructiveness and timeliness of decisions like this are a testament to the quality of our Southeastern states regulatory environment and our ability to meet the projected rapid demand growth garnering headlines across the country. Coinciding with Georgia Power's 2023 IRP update filing last fall, and the release of our sales forecast in February, external attention including from the investment community has focused on several key questions. How do you know the load in your forecast is real? How do you know you're pr”