"This country will need more nuclear plants going forward," Chris Womack said at the Reuters Global Energy Transition conference in New York City.
This is equivalent to about 10 new nuclear plants with a single reactor each.
Based on market capitalization, Southern Company is the second largest name in the Utilities Select Sector SPDR Fund (XLU) .
After two decades of nearly flat power growth, Southern Company is now expecting demand to grow by three to four times, the CEO said.
"You're also seeing in the Southeast, this incredible population growth and you're seeing all this onshoring with manufacturing."
Persons:
Chris Womack, It's, Womack
Organizations:
Southern Company, Reuters, Energy, Department of Energy, Utilities, Southern
Locations:
States, New York City, Georgia , Alabama, Mississippi, Atlanta, U.S, Southern