The Southern Company (SO): Georgia Power Receives Approval from Georgia Public Service Commission (PSC)

The Southern Company (NYSE:SO) is one of the Best Electric Utility Stocks to Buy According to Analysts. On September 5, Georgia Power received approval from the Georgia Public Service Commission (PSC) to certify 5 new utility-scale solar site power purchase agreements (PPAs) to benefit all customers and to supply the Clean and Renewable Energy Subscription (CARES) 2023 program. Notably, Georgia Power is the largest electric subsidiary of The Southern Company (NYSE:SO).

The new solar facilities, which consist of a total of 1,068 megawatts (MW), will be built and maintained by third-party companies, which successfully bid projects in the CARES 2023 Request for Proposal (RFP) that was approved in the 2022 Integrated Resource Plan (IRP) Final Order. Elsewhere, The Southern Company (NYSE:SO) performed well financially and operationally through H1 2025 and is well-positioned to deliver on 2025 goals.

The Southern Company (NYSE:SO) reported Q2 2025 earnings of $0.9 billion, or $0.80 per share, compared to earnings of $1.2 billion, or $1.10 per share, in Q2 2024. The regulatory outcomes it reached in its service territories reflect its ability to work with all the stakeholders.

While we acknowledge the potential of SO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.