SO's Georgia Power Signs Google Deal to Boost Nuclear Capacity
Source: Zacks ·
Southern Company's Georgia Power plans nuclear upgrades with Google, potentially adding 96 MW while targeting $900 million in projected customer benefits.
From the source
Southern Company 's SO subsidiary Georgia Power is taking steps to expand its nuclear generation capacity through a new agreement with Google, a subsidiary of Alphabet Inc. GOOGL. The deal is designed to support upgrades at Georgia Power's share of the Vogtle and Hatch nuclear plants, potentially adding about 96 megawatts ("MW") of electricity capacity, according to a press release. The agreement comes at a time when electricity demand is rising rapidly, driven in part by data centers and other large commercial customers. Nuclear power is gaining attention as utilities look for dependable, carbon-free generation that can operate around the clock. The arrangement is subject to approval from the Georgia Public Service Commission ("PSC"). If approved, it could allow Georgia Power to extract more output from existing facilities while supporting the power needs of large customers. Georgia Power to Boost Existing Nuclear Output Rather than building new reactors, Georgia Power plans to…