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PSC Hears Georgia Power Freeze Plan

  • 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.
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Cherokee Tribune Ledger News broke the news in Cherokee County, United States on Thursday, June 26, 2025.
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