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PSC Hears Georgia Power Freeze Plan
GEORGIA, JUN 26 – The Georgia Public Service Commission may approve a three-year base rate freeze for Georgia Power while allowing recovery of $860 million in storm costs, amid concerns over rising bills.
- A decision is expected on July 1 regarding a proposal to keep Georgia Power’s base rates unchanged for three years, while permitting the utility to recover $860 million related to storm damage costs from 2024.
- The agreement follows a behind-the-scenes settlement announced in May and arose amid rising electricity demand and prior rate hikes the PSC granted Georgia Power in recent years.
- Critics, including watchdogs and clean energy advocates, argue the freeze hides increased spending from hurricane recovery and expansion of fossil fuels, while supporters say it prevents immediate rate hikes and supports investments.
- According to Georgia Power’s chief financial officer, the current proposal is expected to result in stable or potentially lower rates next year; however, critics argue that it preserves an 11.9% profit margin and fails to address long-term affordability concerns.
- The vote outcome will affect over 2.7 million customers and reflects tensions over PSC regulatory roles amid ongoing resource planning and a growing energy affordability crisis in Georgia.
13 Articles
13 Articles
Georgia Power poised to freeze base rates until 2028 — with a catch
This story is copublished by Atlanta Civic Circle and The Xylom. Subscribe to The Xylom’s newsletter here. In a marathon, seven-hour rate case hearing Thursday, the Georgia Public Service Commission (PSC) weighed Georgia Power’s request to keep base consumer power rates frozen at their current level for three additional years. The five-member PSC will likely vote to approve that request next week, which would extend the alternative rate plan th…
The Brunswick News
PSC hears Georgia Power freeze plan
ATLANTA — Executives representing Georgia Power and the state’s energy regulating agency Thursday defended the utility’s plan to freeze rates against accusations that the temporary pause won’t stop customer bills
Cherokee Tribune Ledger News
PSC hears Georgia Power rate freeze plan
ATLANTA – Executives representing Georgia Power and the state’s energy regulating agency Thursday defended the utility’s plan to freeze rates against accusations that the temporary pause won’t stop customer bills from increasing. Georgia Power and the state Public Service Commission’s…
PSC hears Georgia Power plans to freeze rates
Executives representing Georgia Power and the state’s energy regulating agency Thursday defended the utility’s plan to freeze rates against accusations that the temporary pause won’t stop customer bills from increasing.
Georgia’s Energy Crossroads: Georgia Power’s 2025 Integrated Resource Plan - Vote Solar
As Georgia Power’s 2025 Integrated Resource Plan (IRP) hearings continue, Vote Solar is actively working to address an energy-affordability crisis affecting Georgia families. In recent hearings, Vote Solar and Georgia WAND presented expert testimony and faced cross-examination alongside other intervenors as we push for energy solutions that prioritize affordability and transparency. Vote Solar’s Solutions for Affordability We’re advocating for p…
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