Georgia Power Reaches Settlement on Rate Plan Extension

Southern Co ( (SO) ) has shared an announcement.

On May 19, 2025, Georgia Power and the Georgia Public Service Commission’s Public Interest Advocacy Staff reached a settlement agreement to extend the alternate rate plan through December 31, 2028. The agreement, pending approval, would maintain current base rates and retail return on equity, while addressing storm damage costs and regulatory asset amortization. The outcome of this agreement could impact Georgia Power’s financial operations and customer rates, with the Georgia PSC scheduled to vote by July 1, 2025.

The most recent analyst rating on (SO) stock is a Buy with a $96.00 price target. To see the full list of analyst forecasts on Southern Co stock, see the SO Stock Forecast page.

Spark’s Take on SO Stock

According to Spark, TipRanks’ AI Analyst, SO is a Neutral.

Southern Co’s overall stock score reflects strong financial performance and a positive earnings outlook, with challenges in cash flow management and technical resistance. The company’s stable valuation and attractive dividend yield support the score, while high leverage and potential cost increases due to tariffs are key risks.

To see Spark’s full report on SO stock, click here.

More about Southern Co

Southern Co operates in the energy sector, primarily focusing on electricity generation and distribution. Georgia Power, a subsidiary of Southern Co, is a key player in this industry, providing retail electric service to customers in Georgia.

Average Trading Volume: 4,999,803

Technical Sentiment Signal: Buy

Current Market Cap: $97.5B

For an in-depth examination of SO stock, go to TipRanks’ Stock Analysis page.