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Southern Company Electricity Sales Rise on Data Center Demand Surge
Southern Company reported a significant 2.3% year-over-year increase in first-quarter retail electricity sales for 2026, primarily driven by a 42% surge in demand from data centers. This growth is leading to substantial infrastructure investments, including a $26.5 billion loan agreement with the U.S. Department of Energy and plans for new generation capacity. The company is actively expanding its pipeline of large-load customers and evaluating options for future energy sources to meet the rising demand.