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Southern Company Joins President Trump's Ratepayer Protection Pledge, Reinforcing Customer-First Approach to Powering Growth

SO
  • Southern Company joined President Donald Trump's Ratepayer Protection Pledge on July 23, 2026, to ensure AI & advanced technology growth benefits customers.
  • The company's strategy emphasizes clear cost responsibility, enhanced grid reliability, & broad-based economic benefits.
  • Subsidiaries Georgia Power & Alabama Power maintain multiyear base rate freezes to ensure rate stability.
  • Southern Company secured a historic $26.5 billion loan package from the Department of Energy in early 2026, expected to generate $7 billion in customer benefits.
  • CEO Chris Womack stated the Pledge reflects a commitment to putting customers first while supporting economic growth through American energy infrastructure.
  • The company utilizes enforceable agreements to ensure new, energy-intensive demand is borne by the businesses driving growth, protecting existing customers.
  • OpenAI's $20 billion project in Effingham County, Georgia, serves as a practical example of this approach.
  • OpenAI committed to covering all infrastructure & electric service costs for its facility while providing financial assurances approved by the Georgia Public Service Commission.
  • As part of the OpenAI agreement, the company will support the grid with up to 1,000 megawatts of flexible demand response to lower peak usage & provide long-term savings.