Georgia Power's contract with OpenAI approved; Latest approval part of portfolio of large-load contracts delivering approximately $950 million in annual savings beginning in 2029
Georgia Power secured regulatory approval for its 3,200 MW contract to serve OpenAI's new facility in Effingham County. The agreement requires OpenAI to fund infrastructure costs and provide up to 1,000 MW of flexible demand response. Projected incremental revenue from this and other large-load contracts is expected to generate approximately $950 million in annual savings for customers starting in 2029.
Key figures
- New demand mw
- 3200
- Annual customer savings
- $950 million
- Flexible demand response mw
- 1000
- Previous savings commitment
- $102
- Total customer benefits 2029 2031
- $2.847 billion
- Typical residential savings annual
- $180
AI analysis
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