Georgia Power Rates Stay the Same for 3 Years
- On Tuesday, the Georgia Public Service Commission unanimously approved a three-year rate freeze for Georgia Power after over seven hours of public testimony.
- Georgia Power's 2023 IRP forecasts rising demand driven by data centers, prompting a May agreement with PSC staff to avoid a full rate case and freeze rates until 2028.
- The settlement excludes storm damage costs from Hurricane Helene, caps return on equity at 11.9%, and allows pass-through of fuel and storm expenses, affecting customer bills.
- Georgia Power's CEO Kim Greene praised the rate freeze as a benefit for customers, with PSC Vice Chair Tim Echols emphasizing protection for families and businesses in Georgia.
- Last week, Georgia Public Service Commission approved a three-year rate freeze for Georgia Power, with a unanimous vote after extended public testimony, ahead of July 15 capacity and election decisions.
25 Articles
25 Articles
Regulators approve temporary Georgia Power rate freeze
Under a deal approved Tuesday by the Georgia Public Service Commission, Georgia Power’s rates will stay the same for the next three years, though customers' bills could still rise next year. John McCosh/Georgia RecorderThis coverage is made possible through a partnership between WABE and Grist, a nonprofit environmental media organization. After six bill increases in the last three years, Georgia Power rates will now stay the same for the time b…

PSC approves Georgia Power rate freeze
ATLANTA – State energy regulators Tuesday unanimously approved Georgia Power’s plan to freeze customer rates for the next three years.

Regulators approve plan for Georgia Power to freeze base rates through 2028
Georgia regulators have approved a plan to keep Georgia Power's base rates steady through 2028. The unanimous decision by the Public Service Commission on Tuesday follows an agreement between the utility and regulatory staff.
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