$900 Million Deal: Georgia Power and Google Partner on Clean Nuclear Energy

Georgia Power and Google have agreed to a $900 million deal that will benefit consumers by advancing clean and reliable nuclear energy in the state.

The agreement, which is subject to approval by the Georgia Public Service Commission (PSC), will allow for uprates on Georgia Power's owned portion of the nuclear units at Plants Vogtle and Hatch. This will add approximately 96 megawatts of new capacity to the electric grid, serving Georgia Power customers.

Google will subscribe to the new Nuclear Uprate (NU-1) tariff and receive Zero-Emission Credits (ZECs), which represent the carbon-free attributes of nuclear energy associated with the power generated by the nuclear unit uprates. This structure helps protect non-participating customers from incremental costs related to the uprate work.

According to Georgia Power, this deal is an innovation on longstanding renewable energy programs that have been offered for years. The subscription-based program will provide significant savings to consumers over the life of the units, with approximately $900 million in projected benefits.