(The Center Square) – A new stipulated agreement reached between Georgia Power and the Public Service Commission’s Public Interest Advocacy staff could lower electric bills while giving the utility the capacity it needs to power data centers, the utility said Wednesday.

The plan would take the burden off Georgia Power’s residential and business base by ensuring $556 million in annual revenue from large load customers when the company makes its next rate case in 2028, Georgia Power officials said in a release. The revenue would put downward pressure of at least $8.50 a month for the typical residential customer.