MAAT INDEX

CLAIM #54130 · Southern Company (SO) · 2024Q3 earnings call · Oct 31, 2024 · due Dec 31, 2035

The upcoming quarterly large load economic development report to be filed with the Georgia Public Service Commission, is expected to reflect that Georgia Power's potential load additions and its economic development pipeline have grown to over 36 gigawatts, by the mid-2030s with 8 gigawatts committed.

Dan Tucker · CFO

PENDING
graded after results covering Dec 31, 2035 are reported

How to check this claim

Look at: Georgia Power's total potential load additions/economic development pipeline (GW) and committed portion (GW), as reported in the quarterly large load economic development report filed with the Georgia PSC

It came true if: Total pipeline > 36 GW by mid-2030s AND committed capacity >= 8 GW

Where: Georgia Power's quarterly large load economic development report filed with the Georgia Public Service Commission

In context

ditions of 12,000 in our electric businesses and 7,000 new customers in our natural gas distribution businesses. The economic development activity across our electric service territories remains robust and our pipeline continues to grow at an historic pace. 42 companies either established or expanded operation in our service territory in the third quarter generating 5,000-plus potential new jobs and representing capital investments totaling approximately $2.6 billion. Alabama Power's economic activity this quarter, represented its strongest quarter in several years led by announcements in metals, renewable energy and the chemicals segment. The combined pipeline for new industrial and other large load commercial customers across our three-state electric utility footprint continues to grow. The upcoming quarterly large load economic development report to be filed with the Georgia Public Service Commission, is expected to reflect that Georgia Power's potential load additions and its economic development pipeline have grown to over 36 gigawatts, by the mid-2030s with 8 gigawatts committed. Chris, I'll turn the call back over to you. Chris Womack: Thanks, Dan. We have delivered exceptional operational and solid financial results through the first three quarters of the year, and we are well positioned to finish the year strong. Our team's resilience in the face of a historic storm, highlights our dedication to the customers and the communities we are privileged to serve, and I am so extremely grateful and proud to be a part of their team. It is certainly an exciting time for our great company and for this industry. With supportive states and constructive regulation, along with our portfolio of state-regulated electric and gas utilities, we are well positioned for the opportunity presented by this extraordinary energy demand growth our industry is projecting in the coming year

Verify independently

SEC filings for SO · Claim quote is verbatim from the 2024Q3 earnings call.