Georgia Power Strikes will freeze tariffs by 2028

Atlanta – In an important development on Monday for millions of Georgia Power customers, Georgia Public Service Commission (PSC) announced a potential freezing of the electricity rates and set the possibility of discussing increases that were discussed this summer.

As expected, the utility of 2025 will not submit the utility for a newly proposed agreement between PSC employees and Georgia Power as expected. Instead, the basic performance rates will be frozen at least for the next three years at current levels.

“This is a very big deal,” said PSC chairman Jason Shaw in a press release. “Energy customers saw an unprecedented inflation in the USA in the USA in the USA, and I asked employees and Georgia to agree if the basic rates were not gaining.

“At Georgia Power, the customers are the focus of everyone we do,” said a spokesman for Georgia Power in an explanation of 11alive. We are well positioned to compensate for mutual advantages that are available in our state due to the extraordinary economic growth. This defined agreement helps to compensate for the affordability of our customers and at the same time ensure that Georgia’s power continues to continue the support of the incredible growth of our state – which is good for all of our stakeholders. “

The upcoming case was expected to be included in the recovery of millions of storm damage by Georgia Power by the hurricane Helene. The submission of the parent company of the supply company in 2024 indicated that the recovery costs in connection with Helene were around $ 870 million.

The efforts to regain the costs for the storms in connection with Sturm is delayed until 2026; PSC commissioners are ultimately responsible for those who ultimately decide which part of these costs can be reclaimed by the company and the costs that could fall on customers.

Another restriction – the proposed agreement is only binding if they have been officially approved by the five commissioners. This discussion is expected to take place at an upcoming public hearing, the planning of which is expected to be published on Tuesday.

According to PSC, the proposed agreement also contains provisions to ensure new customers with great energy requirements – such as data centers – “to adequately cover their costs in order to protect other interest payers from these expenses”.

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Georgia Power’s customers have recorded several installments since 2023 after the installment of 2022. A typical customer in Georgia Power currently pays an average of $ 163.57 per month before tax. The Bill increases, which are due to factors such as a natural gas costs and the costs of two new nuclear reactors in plant bailiff near Augusta, have exceeded inflation. In 2019, customers paid $ 123.31 per month.

The Georgia’s public service commission consists of five elected representatives. Two commissioners, Tim Echols and Fitz Johnson, are for re -election in November.

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