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Southern Company (SO) Expands $76 Billion Capital Plan Amid Rising Data Center Power Demand

We recently published 11 Most Profitable Utility Stocks to Buy According to Hedge Funds. The Southern Company (NYSE:SO) is one of these profitable utility stocks.

The Southern Company (NYSE:SO) stands fifth among the most profitable stocks. It is a leading U.S. utility based in Atlanta and serves over 9 million customers across the Southeast through its electric, natural gas, and energy solutions businesses. It operates eight nuclear units, including the newly completed Vogtle Units 3 and 4, the first new U.S. commercial nuclear units in roughly 30 years.

In Q2 2025, The Southern Company (NYSE:SO) increased its five-year base capital plan by $13 billion to $76 billion following approval of Georgia Power’s 2025 Integrated Resource Plan, which includes about 10 GW of new generation requests under review. The business also sees potential for up to $5 billion in additional capital investments through 2029, including gas pipeline expansions.

A major regulatory milestone is Georgia Power’s extended alternate rate plan, approved through early 2028, which removes the need for a 2025 base rate case and provides rate stability. This predictable environment supports large-scale investments while maintaining customer affordability.

The Southern Company (NYSE:SO) is also positioned to benefit from surging electricity demand, particularly from hyperscale data centers and industrial growth, with a pipeline exceeding 50 GW of potential new load. The corporation targets 5%–7% annual EPS growth through 2029, supported by disciplined capital deployment, regulatory certainty, and long-term customer contracts.

While we acknowledge the risk and potential of SO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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