Latest news with #Southern Co
Bloomberg
6 days ago
- Business
- Bloomberg
Southern CEO Warns of ‘Revolution' If Power Bills Aren't Cheaper
The chief of utility giant Southern Co. warned that Americans will revolt if they end up on the hook for the soaring power costs associated with AI demand. 'If we don't get affordability right, there will be a revolution in this country,' Chris Womack, Southern's president and chief executive officer, said at Chicago's inaugural Global Quantum Forum Tuesday. 'We all have to make sure that as we move down the pipeline with these projects, that we figure out how to price them in a way that puts down the pressure on existing customer rates.'
Bloomberg
15-07-2025
- Business
- Bloomberg
Southern Wins Approval on Big Spending Plan as AI Demands New Power
Georgia regulators approved a plan that opens the door for Southern Co. to boost spending by as much as $15 billion to deliver a projected surge of electricity for data centers, new factories and electric vehicles. Southern's Georgia Power unit proposed a resource plan in January that would delay coal plant retirements and build some clean energy in order to meet more than eight gigawatts of additional load the company projects will arrive over the next six years. The Georgia Public Service Commission voted on the proposal during a hearing on Tuesday and approved it unanimously, according to PSC representative Tom Krause.
