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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.
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Cherokee Tribune Ledger NewsCherokee Tribune Ledger News
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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.

·Cherokee County, United States
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coosavalleynews.com broke the news in on Tuesday, July 1, 2025.
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