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Georgia Power Co
Georgia Power is the largest regulated utility in Georgia, led by CEO Kimberly S.
Georgia Power Co
Georgia Power was founded in 1883 as the Georgia Electric Light Company and is today the largest subsidiary of Southern Company, an Atlanta-based Fortune 500 utility holding company. Its CEO, Kimberly S. Greene, has led the firm since 2021, overseeing generations of investment across electricity generation, transmission, and distribution. The firm deploys capital across multiple energy sources: it operates coal, natural gas, nuclear, and hydroelectric plants, and is a top US investor in solar power, with over 3.5 GW of utility-scale solar under long-term power purchase agreements and owned assets (per the firm's Integrated Resource Plan filings). Georgia Power is the lead developer of the Vogtle nuclear expansion, the first new US nuclear reactors built in decades, which began commercial operation in 2023 and 2024. It also maintains a real estate portfolio for transmission corridors and substations. With 9,000 employees and a service territory covering all but a few Georgia counties, Georgia Power is the largest rate-regulated utility in the state. Its operational footprint includes over 100 generating units and 100,000 miles of power lines. Capital investment for 2025 was budgeted at $9.5 billion, focused on grid reliability, renewable generation, and transmission (per public filings, 2025). Georgia Power’s structural differentiator is its regulated monopoly status: the Georgia Public Service Commission sets its allowed return on equity and approves all rate adjustments. This creates a predictable revenue and capital recovery mechanism uncommon in unregulated energy markets. The firm also operates the Georgia Power Foundation, a philanthropic arm funded by shareholder profits.
General information
Firm type
Utility
Year founded
1883
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Atlanta
Corporate office
Atlanta, GA, United States
Principals
Kimberly S. Greene
Chair, President, and CEO
Sector focus
Frequently asked questions
Who oversees investment decisions at Georgia Power?
Investment decisions are made by the executive leadership team under CEO Kimberly S. Greene and must be approved by the Georgia Public Service Commission for rate recovery. Major capital projects like the Vogtle nuclear expansion required decades of regulatory approval and oversight (per the firm's IRP filings).
How does Georgia Power source its capital for large projects?
The firm raises capital primarily through debt issuance and retained earnings from ratepayer collections. For project-specific financing, it uses construction work in progress included in rate base, as approved by the Georgia Public Service Commission.
Is Georgia Power focused solely on regulated operations?
Yes, its entire business is rate-regulated in Georgia. The parent company, Southern Company, also owns unregulated subsidiaries, but Georgia Power itself operates strictly as a regulated monopoly.
What is Georgia Power's posture on renewable energy compared to fossil fuels?
Georgia Power plans to add 10 GW of renewable capacity by 2035, primarily solar and battery storage. It simultaneously operates coal and natural gas plants and has advocated for continued natural gas as a dispatchable resource while phasing older coal units (per its 2023 Integrated Resource Plan).
How is the firm related to Southern Company?
Georgia Power is a wholly owned subsidiary of Southern Company, a $70 billion market-cap utility holding company. Southern Company also owns Alabama Power, Mississippi Power, and Dominion Energy South Carolina, but Georgia Power is the largest subsidiary by customers and revenue.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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