Southern Company's Georgia Power plans to increase clean energy capacity and invest in battery energy storage.

From Zacks Investment Research: 2025-02-04 06:40:17

The Southern Company’s Georgia Power unit filed its 2025 Integrated Resource Plan (IRP) to meet growing energy demands in the state. By 2030, Georgia Power projects a 2,200 MW increase in electrical load. Key proposals in the IRP include enhancing clean energy capacity, upgrading natural gas and coal units, hydroelectric modernization, expanding renewable energy, and investing in battery energy storage. The company also plans to improve its power grid and transmission system to provide reliable services. Investors interested in the utility sector may consider stocks like CMS Energy Corporation, PG&E Corporation, and CenterPoint Energy, which currently carry a Zacks Rank #2 (Buy).



Read more at Zacks Investment Research: Southern Company’s 2025 Blueprint to Meet Georgia’s Energy Needs – February 4, 2025