Georgia Power Expects $4 Savings for Customers Starting June
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2026
0mins
Source: Newsfilter
- Expected Customer Savings: Georgia Power anticipates that, pending approval from the Georgia Public Service Commission, typical residential customers will save approximately $4.04 monthly, translating to nearly $50 annually, significantly alleviating household energy costs.
- Energy Efficiency Advocacy: The company encourages customers to utilize free energy efficiency resources, promoting simple actions such as regularly changing air filters and turning off unnecessary lights to help manage energy use effectively during the summer heat while enhancing home comfort.
- Growth of Large Customers: With an influx of new residents and the selection of large customers like data centers, Georgia Power is committed to ensuring that growth benefits all customers, with expected annual savings of $102 for the typical residential customer by 2029, further strengthening the company's market competitiveness.
- Flexible Rate Plans: Since 1990, Georgia Power has offered rates that are, on average, 15% below the national average, along with various flexible rate plans designed to help customers save on energy and costs, thereby enhancing customer satisfaction.
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Analyst Views on SO
Wall Street analysts forecast SO stock price to rise
17 Analyst Rating
4 Buy
11 Hold
2 Sell
Hold
Current: 92.050
Low
45.00
Averages
92.34
High
109.00
Current: 92.050
Low
45.00
Averages
92.34
High
109.00
About SO
The Southern Company is an energy provider. The Company owns three traditional electric operating companies, Southern Power Company and Southern Company Gas. The traditional electric operating companies-Alabama Power, Georgia Power and Mississippi Power-are operating public utility companies providing electric service to retail customers in three Southeastern states in addition to wholesale customers in the Southeast. The Southern Power Company develops, constructs, acquires, owns, and manages power generation assets, including battery energy storage projects, and sells electricity at market-based rates in the wholesale market. The Southern Company Gas is an energy services holding company whose primary business is the distribution of natural gas in four states - Illinois, Georgia, Virginia, and Tennessee, through the natural gas distribution utilities. Southern Company Gas is also involved in several other businesses that are complementary to the distribution of natural gas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Environmental Protection Achievements: Nicor Gas has surpassed its environmental stewardship goal by protecting 11,100 acres of natural areas, exceeding the 10,000-acre target, and collaborating with Ecology Action Center and Morton Arboretum to promote biodiversity and sustainability.
- Economic Opportunity Promotion: Since 2021, Nicor Gas has infused $7.76 million into communities, surpassing its $5 million goal, supporting entrepreneurship and long-term development, and showcasing the company's commitment to driving inclusive prosperity.
See More
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- Extensive Experience: While serving as Managing Partner at Energy Impact Partners, Oni led an investment strategy exceeding $100 million focused on grid modernization and energy infrastructure, demonstrating his capability in driving innovation and community development.
- Leadership Background: With nearly 20 years at Southern Company, Oni held multiple senior leadership roles overseeing corporate communications and brand strategy across states, which is anticipated to strengthen Georgia Power's market competitiveness and customer satisfaction.
- Commitment to Education: Oni is dedicated to education and workforce development, having founded Cloverly and Ed Farm, and played a key role in establishing the Propel Center, reflecting his commitment to community and social responsibility.
See More
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- New Executive Appointment: Anthony Oni has been appointed as Vice President of Corporate Affairs at Georgia Power, where he will lead the company's overall communications function, including media relations and branding, which is expected to enhance the company's reputation among customers and stakeholders.
- Extensive Industry Experience: While serving as Managing Partner at Energy Impact Partners, Oni led an investment strategy exceeding $100 million focused on grid modernization and energy infrastructure transformation, demonstrating his capability in driving innovation and community development.
- Long-Term Service Background: With nearly 20 years at Southern Company, Oni held multiple senior leadership roles responsible for corporate communications and brand strategy across several states, indicating his deep roots and broad influence within the industry.
- Commitment to Education and Community: Beyond his professional achievements, Oni is actively involved in education and workforce development, founding Cloverly and Ed Farm, and playing a key role in establishing a digital innovation learning hub for historically Black colleges and universities, reflecting his commitment to social responsibility.
See More
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- Agreement Background: This rate reduction stems from an agreement between Georgia Power and Public Interest Advocacy representatives, addressing two cases related to fuel cost recovery and storm cost recovery, aimed at effectively managing the costs of power generation and service restoration.
- Long-term Savings Commitment: Georgia Power has committed to providing an annual savings of $102 for typical residential customers by 2029, reflecting the company's strategic efforts to attract large-load customers and optimize the distribution of fixed costs, ensuring benefits for all customers.
- Customer Service Commitment: Georgia Power is dedicated to delivering reliable and affordable energy, maintaining rates below the national average for over 140 years, and helping customers save through flexible rate plans and energy-saving programs, further solidifying its leadership position in the industry.
See More
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- New Board Member: Georgia Power has elected Beth Lowry to its board, who currently serves as CEO of Holder Construction Company, bringing over 30 years of industry experience that is expected to provide valuable insights into construction and development for the company.
- Industry Influence: Lowry began her career at Holder in 1994 and has held various leadership positions, demonstrating exceptional leadership particularly in sustainability and community engagement, aligning well with Georgia Power's core values.
- Educational Contributions: In 2022, she established the Lowry Family Scholarship at Kennesaw State University to support freshmen pursuing degrees in construction management, reflecting her commitment to education and economic mobility, thereby enhancing her community impact.
- Multiple Board Roles: In addition to her role at Georgia Power, Lowry serves on the boards of several organizations, including the Atlanta Police Foundation and the Georgia Chamber of Commerce, showcasing her extensive involvement in promoting economic and social development.
See More
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- Stable Dividend Yield: With an annual dividend yield of 3.22%, Southern Company is included among the 10 high-yield stocks for lasting retirement income, highlighting its appeal for stable income generation.
- Capital Expenditure Plan: The company has an $81 billion regulated capital expenditure plan expected to support 9% rate base growth through 2030, indicating strong demand visibility and growth potential.
- Market Performance Lag: Morgan Stanley noted that utilities lagged behind the S&P 500's performance during the month, indicating a lack of overall market confidence in the sector.
See More
