SO · Earnings call · 2026Q3T · Full report
Rate Case Outcomes
SOUTHERN CO · 2026-11-05 · Importance 46 · Surprise 42 · Contradicted
Southern Company said it is committed to holding base rates flat in Alabama and Georgia until at least 2029, and Georgia Power reduced rates in summer 2026. Management said Georgia Power must make a filing in 2028 and characterized further decisions about rate plans as premature. It plans to work with commissioners in Georgia and Alabama on customer affordability, citing rate stability, benefits from growth, energy efficiency, demand-side management and weatherization as available approaches.
Key facts
- Georgia Power committed to nearly $3 billion in customer benefits, expected to lower a typical residential customer's costs by approximately $180 annually after the current rate-freeze period.
- Southern Company committed to hold base rates flat in Alabama and Georgia until at least 2029.
- Southern Company said it was committed to flat rates through 2029.
- Southern Company said it would make a filing in Georgia in 2028.
- Alabama's proposed earnings deferral would be worked out with the commission and could extend into the 2040s, depending on the contract.
- Georgia Power reduced rates in summer 2026, saving a typical residential customer nearly $50 per year.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | committed | -36.5% | Georgia Power committed to nearly $3 billion in customer benefits, expected to lower a typical residential customer's costs by… |