ATLANTA – Georgia Power and state energy regulators have agreed on a plan to increase the Atlanta-based utility’s electrical generating capacity including the construction of three new gas combustion turbines at Plant Yates near Newnan.
The revenue that new capacity would produce for the company would more than offset the costs to generate the additional power, Aaron Abramovitz, Georgia Power’s chief financial officer and treasurer, told members of the state Public Service Commission (PSC) Wednesday. The resulting savings would save the average residential customer $2.89 a month from 2026 through 2028, he said.
“At Georgia Power, our customers are at the center of everything we do, and we are unwavering in our commitment to provide them with clean, safe, reliable, and affordable energy,” Abramovitz testified.
“The stipulated agreement benefits all customers, and approval of this agreement will preserve and protect the reliability and quality of electric service our customers expect and support the continued economic development of our state … all while placing downward pressure on rates for all customers.”
Georgia Power submitted a request to the PSC last October for additional capacity to handle a growing demand for electricity.
Abramovitz said Wednesday the company has received commitments for an additional 2,600 megawatts of power from 11 large-load customers. A megawatt is enough electricity to power about 750 homes. The Georgia Association of Manufacturers is a party to the agreement, along with Georgia Power and the PSC’s Public Interest Advocacy Staff.
“This clearly indicates that these customers are coming, that significant load will materialize, and that the need to serve that load will occur sooner rather than later,” Abramovitz testified.
Besides the new gas…
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