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Georgia Power Rates Stay the Same for 3 Years
GEORGIA, JUL 1 – The Georgia Public Service Commission delayed base rate increases despite rising fuel and storm costs, affecting 2.8 million customers with a maximum 11.9% profit allowance for Georgia Power.
- The Georgia Public Service Commission approved a three-year base rate freeze for Georgia Power through 2028, with storm costs to be addressed separately.
- The decision originated from a May stipulation between Georgia Power and the Georgia Public Service Commission's Advocacy Staff to extend the 2022 alternate rate plan, leading to the rate freeze approval.
- During a seven-hour public hearing, PSC Chairman Jason Shaw expressed relief that the commission could provide rate stability for Georgia Power’s 2.8 million customers amid ongoing inflation concerns.
- Despite the rate freeze, Georgia Power customers may face higher bills due to unrecovered storm and fuel costs, scheduled for recovery in 2026.
- The PSC's approval of a rate freeze through 2028 positions Georgia Power's future regulation amid upcoming elections on July 15 and in November, with a separate storm cost proceeding scheduled for early 2026.
32 Articles
32 Articles
After years of increases, Georgia power rates to hold steady
This coverage is made possible through a partnership between Grist and WABE, Atlanta’s NPR station. After six bill increases in the last three years, Georgia Power rates will now stay the same for the time being. 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 the deal does not include some costs, which could still cause bills to increase next year…
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…
Cherokee Tribune Ledger News
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.
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