Georgia Power’s transformational plan for state’s energy future approved, helps insure company will continue to meet requirements of guests and state
The Georgia Public Service Commission( PSC) moment approved Georgia Power’s 2022 Integrated Resource Plan( IRP), which sets forth a visionary, innovative and transformational roadmap for how Georgia Power will continue to meet the energy requirements of guests, original communities and the State of Georgia for unborn generations.
Georgia Power totem.( PRNewsFoto/ Georgia Power)
” As Georgia continues to grow and the energy geography continues to evolve, it’s incredibly important that we keep making the smart investments demanded for our guests to have clean, safe, dependable and affordable energy for decades to come. The blessing of our rearmost Integrated Resource Plan helps us do just that,” said Chris Womack, president, chairman and CEO of Georgia Power.” Working constructively with the Georgia Public Service Commission, we’re committed to erecting the future of energy for our state, and these investments in our electric grid and energy structure will help insure that every client, whether at home or running a business, has the energy they need to thrive.”
Georgia Power files an IRP with the Georgia PSC every three times to outline how it’ll give energy to its2.7 million guests over the coming 20 times. The approved 2022 IRP delivers a comprehensive strategy to both transfigure Georgia’s energy sources and help to insure that the state’s network of transmission lines and grid structure continues to deliver dependable energy to Georgians – both moment and in the future.
The decision comes following months of an open, formative review process performing in a quested agreement in June among the company, the Georgia PSC’s Public Interest Advocacy Staff, Georgia Association of Manufacturers, Commercial Group and the Georgia Coalition of Original Governments, including Atlanta; Athens- Clarke County; Savannah; DeKalb County; and City of Decatur. Throughout the IRP process, Georgia Power, the Georgia PSC, and numerous sharing parties estimated the company’s plan for how it expects to transition its line to further provident, cleaner coffers; invest in its transmission system to make it smarter and indeed more dependable and flexible; roughly double its renewable and solar capacity; concentrate on energy storehouse results; and offer innovative energy effectiveness programs and renewable subscription programs for guests.
Transforming Georgia’s Energy Sources, Growing Renewable Energy
As coal- fired generation continues to be less economically feasible, the Georgia PSC has approved the withdrawal and decertification of all Georgia Power- controlled coal units by 2028, with the exception of Plant Bowen. Following moment’s decision, the Georgia PSC is anticipated to rethink Bowen 1 & 2 as part of the company’s coming regularly listed IRP in 2025. To grease this strategic line transition, the Georgia PSC also approved further than,000 MW of capacity from natural gas power purchase agreements( PPAs) in the coming times.
Georgia Power has worked with the Georgia PSC and numerous renewable energy stakeholders over the times to develop a nationally honored portfolio of cost-effective renewable programs, including solar and other sources. The approved 2022 IRP will allow the company to make on this success by adding an fresh,300 MW * of new renewable energy coffers over the coming three times, which will support the company’s long- term plan to add a aggregate of,000 MW of fresh renewable coffers by 2035. This will roughly double its presently approved renewable portfolio and support the company’s overall transition to cleaner, more cost-effective energy coffers for guests.
With 17 hydroelectric generation installations presently in operation, hydro is an important part of Georgia Power’s dependable, carbon-free generation blend. In the 2022 IRP, the Georgia PSC approved fresh investments in shops Sinclair, in operation since the 1950s, and Burton, in operation since the 1920s, to help insure they can continue to reliably serve Georgia.
Investments in trustability, Adaptability
The blessing of the 2022 IRP furthers Georgia Power’s commitment to making the state’s electric grid smarter and further dependable, with fresh investments and plans to continue to enhance the trustability and adaptability of the grid. The plan includes investments in new distributed generation and helps to insure that the company has sufficient reserve periphery, or generation capacity, available to meet demand during ages of extreme heat or cold wave.
As Georgia’s energy blend continues to evolve, battery energy storehouse systems( BESS) will be essential to maintaining trustability and to accommodate the adding quantum of intermittent, renewable generation sources coming online. Following the 2019 IRP, Georgia Power has made progress on multiple new BESS installations presently under development, including a 65 MW design in Talbot County( Mossy Branch) and a 13 MW design with the US Army at Fort Stewart near Savannah.
By approving the 2022 IRP, the Georgia PSC has again honored the significance of this technology by approving, with fresh review previous to construction, Georgia Power’s largest single BESS design to date – the McGrau Ford Battery installation located in Cherokee County. This battery storehouse resource will correspond of a 265 MW lithium- ion installation connected at the McGrau Ford substation. Once functional, the installation is anticipated to add lesser resiliency to the electric grid by allowing Georgia Power to store energy onsite to help power thousands of homes and businesses when demanded. The Georgia PSC also approved an fresh 500 MW of battery storehouse.
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