Georgia Public Service Commission approves Georgia Power’s electricity supply agreement for OpenAI project
The Georgia Public Service Commission (PSC) has approved Georgia Power's contract to provide energy to a new facility by artificial intelligence firm OpenAI in Effingham County, Georgia. The deal involves an allocation of 3.2 gigawatts and includes financial commitments from OpenAI for infrastructure costs as well as up to 1 gigawatt of flexible demand response capacity. Georgia Power estimates that agreements with large-load customers like this one could generate $950 million in annual savings starting in 2029, rising to a total customer benefit of $2.85 billion by 2031. For the average residential user consuming 1,000 kilowatt-hours per month, monthly savings are expected to increase from an initial target of $102 annually to $180. The approval aligns with broader efforts by Georgia Power and regulators to manage rising energy demand while maintaining affordability for consumers. The utility has also recently begun construction on two new natural gas units at Plant Bowen.
Tickers: $GPC