Analysis: The Southern Company

US:SO

Why is The Southern Company stock rising?

  • OpenAI data-center contract near Savannah is scheduled to begin phased electric service in 2028, adding 3.2 GW of long-term large-load demand.
  • Three newly signed Alabama Power large-load contracts are expected to move through certification and support future generation procurement over the remainder of the decade.
  • About 3 GW of late-stage large-load projects are expected to be finalized and begin ramping in 2028, extending into the next decade.
  • Georgia Power's all-source RFP is targeting 2 GW to 6 GW of new dispatchable generation for 2032-2033.
  • Southern Power's natural-gas turbine uprates will add 400 MW of capacity at existing Alabama and Georgia facilities, with commercial operation expected between 2029 and 2031.

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