PGIQ Rating v2 (reliability-adjusted) · as of June 2026
2

🇺🇸 US Southeast (Atlanta)

Strong, with known trade-offs, and the path is improving Minor flags found
Tier 2 Strong · Composite 65/100, #15 of 79 markets (fundamentals 69 minus a reliability dock) · Outlook Positive · Med confidence · how we score

A top-three North American market that is building fast and cheaper than the coasts. Atlanta has around two gigawatts under construction, Southern Company is adding gas and solar, and access is workable. Strong and on an improving path.

See live grid data →
One market,
four reads
BuildTier 2Siting ratingSellGrade AOfftakePlanRisingLoad pressureMonitorNot coveredSiting screen only
The same market, four decisions. Open any lens to see this market ranked against the rest.
Time to energize · file to power
~50 mo
File a large load today, powered ~2030. Typical range 42 to 57 months, measured.
End-to-end wait for a large new load, from a complete application being accepted to full firm energization of the nominated MW. Earlier milestones (initial, phased, temporary or conditional energization) are reported separately. A typical case, not a firm quote. · Source: LBNL Queued Up 2026 · Compare markets →

Grid conditions now

Structural baseline, June 2026Open the live map for US Southeast (Atlanta) →
Demand
48,000 MW
Structural baseline, June 2026
Wholesale price
44/MWh
Structural baseline, June 2026
Carbon intensity
280 g/kWh
Structural baseline, June 2026
Low-carbon share
50%
Structural baseline, June 2026
The same market, read four ways

US Southeast (Atlanta) is a strong market to sell power into

Grade A (Strong)
Offtake score 89/100
Demand 50, build feasibility 71, combined into the score. For a seller: where buyers already pay, how tight supply is, and how feasible new build is here.
Queue depth (generation and storage)
About 153 GW in the interconnection queue (the line to connect to the grid), typical wait 50 months.
Regulatory momentum
Mixed, improving. Georgia's PSC now requires any new load of 100 MW or more to sign a customized contract with financial guarantees, terms up to 15 years and minimum payments (in force since 1 February 2025), and in December 2025 approved roughly 10 GW of new generation, about 80 percent to serve data centres, with cost protections for residential customers. Access is managed and selective but genuinely open.
See it on the Offtake Grade →

US Southeast (Atlanta): some room at system level, rising demand pressure

Some room 63/100
System-level room, not local capacity
Local capacity: not assessed. We have found no operator publication of area or substation capacity for this market, so whether the bus serving a candidate site can take the load is an open question. Absence of a finding here is not evidence that capacity exists.
Two reads for a grid planner: how much room the system as a whole looks to have (Some room), and how hard demand is already pushing (Rising). The first is a market-level estimate from connection ease, forward adequacy and reliability margin. It is not local deliverability. Capacity at a specific substation is not assessed for this market, and a market can look roomy while the bus you want has nothing available. Confirm local capacity with the utility before relying on it.
Generation and storage queue
153 GW requested; about 38.2 GW likely to reach operation after historical withdrawal. The gap is speculative pipeline. This counts generation and storage seeking to connect, not load.
Demand growth
Fast load growth in our read, the pull on your system.
Future firm supply
Future firm supply: adequacy flagged for a large new load.
Load Pipeline Reality → Where demand is hungry → Connection friction →

US Southeast (Atlanta) is not yet covered for a held exposure

SITING SCREEN ONLY
US Southeast (Atlanta) is not yet monitored. Full monitoring needs reviewed reliability, connection-queue data and a compiled cost band; this market has only a subset, so we show it as a siting screen. We deepen coverage market by market.
See the markets we cover →

Regulatory momentum

The regulatory and permitting environment is increasingly the binding variable for a new large load.
Mixed↑ improving

Why: Georgia's PSC now requires any new load of 100 MW or more to sign a customized contract with financial guarantees, terms up to 15 years and minimum payments (in force since 1 February 2025), and in December 2025 approved roughly 10 GW of new generation, about 80 percent to serve data centres, with cost protections for residential customers. Access is managed and selective but genuinely open.

What would change the read: The customized-contract regime and the April 2026 Customer Identified Resource programme delivering firm, predictable connection at scale.

The five pillars behind the tier

A
A
C
M
C
The pillar signature: Access, Availability, Cost, Momentum, Carbon, taller is stronger. The same shape repeats across every market so peers compare at a glance.
Access30%65

Workable access: faster than PJM, with utility-led connection and active large-load accommodation.

Availability25%60

Moderate availability: Southern Company is adding gas and solar to keep pace with the build.

Cost25%72

Reasonable cost: mid-range wholesale, cheaper than the coastal hubs.

Momentum15%88

Very high momentum: ~2 GW under construction, a top-three NA market by inventory growth.

Carbon5%60

Carbon moderate (~270 g), gas-and-nuclear with rising solar.

Default weights, which lean toward cost and access rather than carbon: Access 30 · Availability 25 · Cost 25 · Momentum 15 · Carbon 5. Momentum reflects the data-center build already underway, not just stated intentions.
Seller view: Read these the other way: momentum is your customer pipeline, cost is your revenue ceiling, and access is how hard it is to build and sell here, not only to connect.

Reliability overlay

Reliability adjustment: the five-pillar score of 69 is reduced to 65, a deduction of 4 points, reflecting the delivery-reliability and firm-supply risks flagged below. Reliability is reported as five separate layers, never as one combined label, because they answer different questions and a strong answer on one does not cover a gap in another: what has actually failed on the bulk system, what a forward assessment expects of firm supply, how the local network performs, what your contract actually promises, and what your site is designed to ride through. Any one of them can cap the tier.

Historical bulk-system performance: Minor flags found

Winter Storm Elliott (Dec 2022) forced rolling blackouts at TVA (its first ever) and Duke Energy in the Carolinas when cold knocked out coal and gas generation; imports prevented wider outages.

What this means: A large new load faces occasional exposure here. Monitor conditions and keep a contingency plan.

event-based · FERC Dec 2022 Winter Storm Elliott review

Historical utility-territory delivery performance: No reliability flags found

Average customer interruption (SAIDI) of 114.26 minutes per year in 2024, excluding major event days as filed.

measured · EIA Form 861, Schedules 3B and 3C (annual electric power industry report) (IEEE 1366 major-event treatment, customer-weighted blend of 6 of 6 territories, 100% of customers, regional context only)

A blend, not your supplier. This figure covers several distribution operators, so it describes an average customer rather than the operator that would serve your site. It is good for comparing markets and watching them move, it tops out at Comparable (M2), and it cannot carry a Project Case. major event days identified by IEEE 1366 (2.5-beta method). It is a territory-wide history and is silent on: performance at a specific substation or feeder; transmission-level service, which is a different product from distribution service; the industrial or large-load customer class specifically; N-1 or other redundancy architecture at the supplying substation; contractual curtailment (being told to cut output or consumption) rights the utility may hold over the load; power quality and momentary interruptions, which this metric excludes by construction; on-site UPS, storage or generation; forward adequacy: it is a record of what happened, not a forecast.

The territories inside this market

The market figure above is an average across these territories. A project sits in one of them, not in the average. Each row is that operator’s own filed record; once a candidate site is matched to a territory, that row is the evidence that applies to it.

Territory operatorSAIDI min/yrCustomersMajor-event method
Georgia Power Co (GA)127.942,717,959IEEE 1366
Jackson Electric Member Corp - (GA) (GA)73.94268,760IEEE 1366
Cobb Electric Membership Corp (GA)35.12218,807IEEE 1366
Sawnee Electric Membership Corporation (GA)45.7200,598IEEE 1366
GreyStone Power Corporation (GA)94.99149,514IEEE 1366
Walton Electric Member Corp (GA)168.48140,132IEEE 1366

Filed to EIA Form 861 for 2024, excluding major event days. Territory-wide averages: see the layer note above for what they do not establish.

Forward resource adequacy (assessed): Adequacy flagged

Winter generation adequacy under extreme cold is the main forward risk; largely vertically integrated utilities are adding capacity.

What this means: A large new load faces occasional exposure here. Monitor conditions and keep a contingency plan.

modelled

Contractual service terms: firm with take or pay

Since 1 February 2025 a new customer whose expected peak demand is 100 MW or more, at one site or contiguous tracts, may no longer take the standard large-power tariffs (PLL-18, or the standard price option of TOU-SC-15) at all. It must negotiate a customised contract under a rule the Georgia commission approved on 23 January 2025. Service is firm: there is no curtailment obligation attached, which distinguishes this from ERCOT or Ireland. The exposure is commercial instead. Contracts now run up to 15 years, against a previous maximum of 5, and carry minimum billing, so the customer pays a set amount each month whatever it actually consumes. Before construction begins the utility may require collateral, a security deposit or a letter of credit, to secure recovery of what it spends preparing to serve. Ending early can require repaying the distribution, transmission and generation investment made to get ready. Every contract at or above the threshold must be filed with the commission at least 30 days before signature, which creates a review window but also means the terms are individually negotiated and not public: there is no template to price against. As of late 2025 the utility had signed 29 large-load commitments, of which 6 are named and 22 remain confidential.

What the service contract promises, as distinct from how the system has performed · Georgia Power Rules and Regulations tariff, large-load provisions (2025)

Designed site resilience: not applicable at market level

Utility feeds, UPS, storage, on-site generation, islanding, black start and the residual energy you still expect to lose are properties of a specific site design, not of a market. This layer only exists once there is a site, and we never assert it for you.

Confidence: Med-High. Each input is labelled as measured, modelled, or drawn from a specific event, and is framed as a risk to a prospective large new load, not as a verdict on any utility or grid operator. Forward adequacy is an assessment of what is expected, not a measurement of what has happened; it is a forecast and is labelled as one.
Seller view: Tight forward capacity (firm supply promised for future years) is scarcity that firm generation and storage get paid for; an adequacy flag is a demand signal for new supply, not only a risk to a load.

Supply relief outlook

Will the power crunch ease before your load energizes? This nets the demand racing for capacity against the new supply likely to arrive and the old supply leaving. A cross-side read, using the same data a seller sees the other way.
Easing
Demand pressure
Fast load growth competing for the same capacity.
New supply in motion
About 38.2 GW of the generation and storage queue is likely to reach operation after historical withdrawal.
Can new supply arrive
Regulatory momentum mixed, improving.
Future firm supply
Future firm supply: adequacy flagged.

What this means: The supply crunch looks likely to ease for a new load energizing here in the coming years.

Reliability metrics

Delivery reliability (measured)

The average customer loses about 114.26 minutes of power per year (2024). This is the standard regulator outage measure (SAIDI); lower means a more reliable grid.

Averaged across 6 territories. No single customer experiences this figure. The per-territory table in the reliability overlay above gives each operator’s own filed record, which is what a site-specific read needs.

Source: EIA Form 861, Schedules 3B and 3C (annual electric power industry report) (IEEE 1366 major-event treatment, customer-weighted blend of 6 of 6 territories, 100% of customers, regional context only)

Hard, cited measures behind the reliability overlay above: the regulator outage series (SAIDI, measured, published with a lag) and the forward resource-adequacy assessment (a measured forecast). Framed as risk to a prospective large new load, not a verdict on any utility.

Interconnection queue

These are generation and storage interconnection queues. They show how congested the interconnection system is. They do not measure how long a new large load waits, and their withdrawal rates are not load withdrawal rates. At the end of 2025, generation and storage projects totalling about 2,060 GW were actively waiting in United States queues, down 10% from a year earlier. Of the capacity that entered between 2000 and 2020, about 75% withdrew before connecting and only about 13% reached operation by end-2025. The typical project built in 2025 waited about 61 months from request to operation (Lawrence Berkeley National Laboratory, Queued Up 2026). Figures below are refreshed quarterly; each is labelled measured or modelled.

Active queue depth

153 GW

Typical wait

50 months

The full queue analysis for this market, which covers the share of projects that give up and leave the queue (the withdrawal rate), how much of the queue is data centers, and the sources, is available through /api/v1/queue/us-southeast with a paid key. These are generation and storage queue figures: they show interconnection-system congestion, not a typical large-load connection wait.

Seller view: A deep queue is both your own time-to-revenue and a moat against competing supply; what matters is the effective supply likely to complete after withdrawal, not the headline queue.

Realized cost band

Withdrawn (#316). The band was anchored on a regulated bundled industrial tariff that a new 100 MW load cannot take: Georgia closed its standard schedules to new large loads on 1 February 2025 and requires an individually negotiated contract instead. The band's primary source was also EIA industrial monthly pricing, which may serve only as a lagged validation layer and not as the headline large-load price.

No delivered-cost band is published for this market, and no substitute figure has been put in its place. Screening on recurring cost returns insufficient evidence for this market rather than a value we cannot defend.

Restored when: Executed or filed large-load contract terms for a comparable customer, or a published contract-based rate the archetype could actually be offered, with a stated cost boundary, effective date, method and confidence. EIA industrial pricing may corroborate such a band but may not be its primary source. Withdrawn 2026-08-20.

Seller view: This delivered price is the level a competitive supply offer must beat, and the revenue ceiling a merchant plant works against here.

Cost evidence varies by jurisdiction

This region requires a jurisdiction. Ask which state the site is in, then read that jurisdiction's record. Do not apply one jurisdiction's conclusion to the region.

PowerGridIQ holds different, and in this case opposite, cost-evidence states for the jurisdictions inside this region. No single regional conclusion is published because any one of them would be false somewhere in the footprint.

Georgia · structurally_unavailable
Georgia Power closed its standard rate schedules to new large loads on 1 February 2025 and requires an individually negotiated contract instead. Docket 44280 then added minimum billing requirements and longer contract terms at the 100 MW threshold -- rules ABOUT contracts, not a schedule replacing them. The archetype cannot take a posted rate here.
Authority: Georgia Public Service Commission · Proceeding: Docket 44280 (approved) · As of: 2025-02-01 · Threshold: expected peak demand of 100 MW or greater
What would change it: A posted large-load schedule a new 100 MW customer could take without an individually negotiated contract.
North Carolina · contingent_evolving
Duke previously contended its large-load intake did not warrant new tariff rules. Stipulating parties in the rate review now support a separate expedited proceeding dedicated to establishing a formal Large Load Tariff before new rates take effect. A posted rate does not exist yet, but a named proceeding to create one does.
Authority: North Carolina Utilities Commission · Proceeding: E-7 SUB 1329 (Duke Energy rate review settlement) (pending) · As of: 2026-08-14
What would change it: The expedited proceeding concluding with an approved Large Load Tariff, and its eligibility covering a 100 MW load at a 95% load factor.
Next milestone: The expedited Large Load Tariff proceeding, to be held before new rates take effect. No date is published in the source held.

Data provenance and freshness

What we hold for this market, field by field. Each tier below is assigned from the evidence actually held for that field, with provenance. A low tier means we looked and it is thin; it is not a verdict on the market.
cost: not_assessedconnection: M2reliability: M2carbon: M2regulatory: M2local capacity: not_assessed
Against a Standardized Project Case, these fields are not answered here at all: cost. Absence of a finding is not evidence of low risk, and it is a different statement from a low tier.
Read against other uses: Discovery and monitoring: insufficient · Market comparison: insufficient · Project Case with a carbon requirement: insufficient · Conditional site diligence: insufficient.
Depth is not a rating strength, a confidence score or a feasibility conclusion. An aggregate is only ever shown for a named use case, and equals the lowest tier across that use case's required fields. Definitions v1.0. See the full coverage matrix.
How solid the data behind this rating is, on two separate axes plus recency. Source reliability is how measured the numbers are, as opposed to triangulated or modelled. Coverage is how many of the decision-relevant data dimensions (reliability, connection, and cost) are compiled for this market. The two are kept apart because they answer different questions: a market can have strong sources on the little that is covered, or broad coverage that still leans on models. Neither grades the rating itself. The rating is a cited opinion, graded separately and falsifiably by the public track record and baseline measurement plan.

Source reliability

High

2 of 2 data layers measured

Coverage

Substantial

2 of 3 dimensions: reliability, connection, cost

Last reviewed

June 2026

per-layer vintages below

LayerMethodVintageFreshnessSource
PGIQ Rating opinionopinionJune 2026CurrentPGIQ methodology
Reliabilitymeasured2024FreshEIA Form 861, Schedules 3B and 3C (annual electric power industry report) (IEEE 1366 major-event treatment, customer-weighted blend of 6 of 6 territories, 100% of customers, regional context only)
Interconnection queuemeasuredend-2025 (LBNL 2026)FreshLBNL Queued Up 2026

Freshness reflects each layer's refresh cadence: reliability annual to three-yearly, capacity-auction and queue yearly, tariffs every year or two. The full cross-market freshness dashboard is at /data-quality.

What this market can and cannot answer yet

No market-level read closes a project case on its own, and saying only that would waste the evidence we do hold. Below is what is established, what is open, and what to do next.

What is established

  • Historical utility-territory delivery performance 114.26 minutes per year (2024)
  • Historical bulk-system performance (event-based)
  • Forward resource adequacy (assessed)
  • Contractual service terms (reported)
  • Typical interconnection wait about 50 months (generation and storage queue, not a load wait)

What is open

  • Designed site resilience
  • cost evidence (would change the answer)
  • local_capacity evidence

How service and connection are organized

Territories in this market, each with its own filed record: Georgia Power Co, Jackson Electric Member Corp - (GA), Cobb Electric Membership Corp, Sawnee Electric Membership Corporation, GreyStone Power Corporation, Walton Electric Member Corp. Which one serves a given site depends on where that site is.
How the connection process is organised: the applicable service and connection entities depend on the candidate location and the power pathway. We have not compiled the structure for this market; that is a gap in our wayfinding, not a fact about the market.

Credible ranges today

  • Schedule: interconnection queues here run about 50 months for generation and storage; a large load follows a different process and we do not hold its measured distribution

What could disqualify this market

  • Availability keeping pace with rapid build.
  • Summer cooling peaks.

Outlook drivers

↑ Upgrade triggers

  • Sustained 2 GW-plus build energizes on schedule.
  • Vogtle nuclear and solar lower carbon and firm supply.

↓ Downgrade triggers

  • Supply additions lag the build and tighten availability.
  • Local opposition to large loads.

Key risks

Peer comparison

Trades like
Phoenix (fast-building, mid-cost)
Ahead of
Northern Virginia on cost and access
Behind
ERCOT on openness

Evidence behind this rating

The real-world events that test our Tier 2 call for US Southeast (Atlanta): 1 supports it. Each is dated and cited, so you can check the rating against what is actually happening on the ground.

Atlanta reaches ~2 GW under construction ✓ Supports the rating
2025MomentumMateriality: low

The US Southeast is now a top-three North American market by build, with Southern Company adding gas and solar.

Source: CBRE ↗
Cited, dated developments tagged to the pillar they bear on, and whether they support or challenge the current tier. A material item flags the market for analyst review and may drive a rating action.
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Rating history

June 2026
New ratingNew rating: Tier 2 Strong assigned.
🔒 The full time series behind US Southeast (Atlanta), how its score, recurring cost, and interconnection queue have moved month by month, is part of the Analyst Desk. The rating actions above are always free.
Every rating action is dated and explained, and the log is only ever added to, never edited. Reviews happen on a regular schedule and whenever a significant event occurs. "Affirmed" means we reviewed a development and the tier held; "Under review" means a significant item is being assessed and the rating could change.

Score history

How US Southeast (Atlanta)'s reliability-adjusted score and tier have moved, month by month. Part of your Analyst Desk.

Immutable monthly snapshots of the reliability-adjusted score, tier, outlook and recurring cost, oldest first. Dated when taken and never back-filled, so the series only compounds forward. Part of the Analyst Desk →

Grid conditions now

Structural baseline, June 2026Open the live map for US Southeast (Atlanta) →
Demand
48,000 MW
Structural baseline, June 2026
System demand across the market.
Wholesale price
44/MWh
Structural baseline, June 2026
Energy only, and always modelled: no live price feed exists in any market. This is not the delivered cost.
Carbon intensity
280 g/kWh
Structural baseline, June 2026
Derived from the fuel mix. Never directly measured.
Low-carbon share
50%
Structural baseline, June 2026
Wind, solar, hydro, geothermal, biofuel and nuclear. The emissions-free share of generation, which is the read for a carbon target.
Renewable share
22%
Structural baseline, June 2026
Wind, solar, hydro, geothermal and biofuel. Excludes nuclear, which is low-carbon but not renewable, so this is the read for an RE100-style renewable procurement mandate.
Installed capacity
110,000 MW
Structural baseline, June 2026
Firm capacity
not held
Structural baseline, June 2026
De-rated, system-level.
System firm margin
not held
Structural baseline, June 2026
Market-wide estimate of de-rated firm capacity less peak demand. This is a directional screen, not local connectable capacity at any point of delivery.
Imports
1,000 MW
Structural baseline, June 2026
Modelled. No live interchange feed exists.
Exports
1,500 MW
Structural baseline, June 2026
Modelled. No live interchange feed exists.

Every field above carries its own source and freshness. Price, imports and exports are modelled in every market because no feed supplies them. Carbon intensity is derived from the fuel mix.

What next for US Southeast (Atlanta)?

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