Southern Co Wins Approval for Major Georgia Power Expansion

Claim 50% Off TipRanks Premium and Invest with Confidence Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potentialSouthern Co ( (SO) ) just unveiled an update. On December 19, 2025, the Georgia Public Service Commission approved a settlement between Georgia Power and the commission’s advocacy staff that certifies 9,885 megawatts of new capacity from the company’s 2029-2031 all-source request for proposals and supplemental resources plan, locking in project-specific costs and requiring construction monitoring by regulators. The package includes company-owned projects representing about $16.3 billion in capital investment, roughly $14 billion of which is expected between 2026 and 2029, and commits Georgia Power to structure its next base rate case so that incremental revenue from large-load customers produces at least $556 million per year in levelized customer benefits—equivalent to about $8.50 a month in bill relief for a typical residential customer—over 2029 to 2031. The most recent analyst rating on (SO) stock is a Hold with a $94.00 price target. To see the full list of analyst forecasts on Southern Co stock, see the SO Stock Forecast page. Spark’s Take on SO Stock According to Spark, TipRanks’ AI Analyst, SO is a Neutral. Southern Co’s overall stock score is primarily driven by its strong earnings call performance and strategic corporate events, which highlight robust financial health and growth prospects. However, technical analysis indicates bearish momentum, and valuation metrics suggest potential overvaluation, which weigh down the overall score. To see Spark’s full report on SO stock, click here. More about Southern Co Southern Co., through its subsidiary Georgia Power, operates as a regulated electric utility, generating and delivering electricity to residential, commercial and industrial customers in Georgia, with a focus on large-load industrial growth and long-term capacity planning to meet regional demand. Average Trading Volume: 6,005,981 Technical Sentiment Signal: Hold Current Market Cap: $95.83B