The Georgia Public Service Commission signed off on a deal the Tuesday before Christmas to allow Georgia Power to increase its rates over the next three years.
With the approval, Georgia Power plans to increase rates for its 2.7 million customers by roughly $1.8 billion over three years. The increase is down from an initial request of about $2.9 billion.
Georgia Power and the Public Service Commission have reached a deal to allow the power company to increase its rates.
Georgia Power had asked to increase customer rates by roughly $2.9 billion — nearly 12% — over the next three years. Under a deal signed with PSC staff, the increase would amount to nearly $1.8 billion over three years.
Like power companies nationwide, Georgia Power is working to “decarbonize” its power generation and has committed to adding more green energy over the next decade.
Georgia Power, a subsidiary of Southern Company that traces its origins to 1902 as an operator of streetcars in Atlanta, has more than 2.6 million customers across The Peach State, including customers in 155 of Georgia’s 159 counties.
Georgia retailers say that the public’s demand for Electric Vehicles (EVs) grows more and more with every passing year and, with that, so does the public’s demand for EV chargers. Those same Georgia retailers want to capitalize on that trend — but they said this week that officials at Georgia Power stand in their way.
An expansion of the Georgia Power and Southern Nuclear plant in Waynesboro may be delayed once more.
Georgia Power and Southern Nuclear are building two additional nuclear energy facilities, Plant Vogtle Unit 3 and Unit 4. The project, which started in 2013, is supposed to accommodate the state’s growing population
It has been riddled with delays. Now, construction quality issues and productivity problems may lead to another three-month delay, an independent monitor said Thursday.
Georgia Power officials announced a new initiative this month to provide drivers of electric vehicles with charging stations around the state.
But in a press release, Georgia Power officials did not describe whether enough people in the state drive electric vehicles to justify the investment.