Georgia PSC changes loom as Southern posts strong earnings
Southern Company, the parent of Georgia Power, reported third-quarter profits of $2 billion, up from $1.7 billion a year earlier. The company said data centers, manufacturers and unusually high summer electricity demand helped drive record sales across its Southeast service territory.
Southern Company reported third-quarter earnings of $2 billion, compared with $1.7 billion during the same period last year. The utility said data centers and manufacturers contributed to the results, while hot and humid weather increased electricity demand across the Southeast.
Southern Chairman, President and CEO Chris Womack told investors that the company’s service territory experienced one of its warmest quarters in 50 years and that electricity sales exceeded every previous quarterly record. The article also notes that changes involving the Georgia Public Service Commission are expected, though it does not detail a specific regulatory decision.