Georgia Power and the Atlanta Airlines Terminal Company announce $100 million investment in Hartsfield-Jackson Atlanta International Airport infrastructure
Long-term investment to help ensure highest reliability, most resilient system for the world's busiest airport
ATLANTA, Feb. 15, 2021 /PRNewswire/ -- Georgia Power and the Atlanta Airlines Terminal Company (AATC) today announced an approximately $100 million investment in Hartsfield-Jackson Atlanta International Airport's infrastructure to help ensure the highest reliability with the most resilient power system for the world's busiest airport.
Through the long-term investment, Georgia Power and AATC will provide all terminals and concourses at the Airport with permanent back-up power generation service. The approximately $100 million investment includes both the cost of the new power generator system as well as the installation. Georgia Power is providing the infrastructure and AATC will pay for the back-up generation services provided.
"We are dedicated to ensuring we provide safe, reliable energy for the long-term needs of Hartsfield-Jackson Atlanta International Airport as it continues to grow with our city and our state," said Paul Bowers, chairman and CEO of Georgia Power. "We are working hand in hand with our partners at the Atlanta Airlines Terminal Company and the City of Atlanta to invest in the airport's power infrastructure to help ensure the highest reliability for our customers today and their future growth."
Georgia Power will partner with AATC to operate and maintain the generator systems, which represent state-of-the-art energy infrastructure provided by another Southern Company subsidiary, PowerSecure. The new power back-up system will be installed over the next two years and will replace the Airport's current back-up system.
"Atlanta Airlines Terminal Company, the City of Atlanta and Georgia Power have all been working together as one team to help ensure that our passengers who travel daily through Hartsfield-Jackson Atlanta International Airport continue to have a safe, world-class experience," said Dr. Kofi Smith, CEO of AATC. "Our long-term investment in the airport will help continue to position Atlanta at the forefront of commercial air travel serving passengers from our region, the country and across the globe."
The investment is made possible through a three-way agreement in which the City of Atlanta recognizes AATC's and Georgia Power's joint plans to upgrade the Airport's utility infrastructure.
"This investment will not only benefit the City of Atlanta for the long term, but will help ensure Hartsfield-Jackson Atlanta International Airport continues to serve passengers safely and reliably as the world's busiest airport," said John Selden, general manager of Hartsfield-Jackson Atlanta International Airport.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the planned infrastructure investment and the expected benefits thereof. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020, and September 30, 2020, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the potential effects of the continued COVID-19 pandemic, including, but not limited to, extended disruptions to supply chains and further reduced labor availability and productivity, which could have a variety of adverse impacts, including a negative impact on the ability to develop, construct, and operate facilities; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects; the ability to construct facilities in accordance with the requirements of permits and licenses and to integrate facilities into the Southern Company system upon completion of construction; the ability of counterparties of Georgia Power to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; and catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences. Georgia Power expressly disclaims any obligation to update any forward–looking information.
SOURCE Georgia Power
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