The “infinite growth” narrative for data centers just hit a 6 GW speed bump in Georgia. (Utility Dive)
Georgia Power reported its development pipeline shrank significantly last quarter, as regulators noted that data centers are “underperforming expectations” with high rates of cancellations and delays. 33 projects have bailed since 2023.
The risk: PUC staff are sounding the alarm, warning that the utility is trying to build massive new generation capacity for “speculative” load that might never materialize.
The reality: The utility noted that firm commitments (signed contracts) actually ticked up slightly, suggesting the market is just filtering out the dreamers from the builders.