-Georgia Power News Release-
The Georgia Public Service Commission (PSC) today approved a plan to lower overall rates for customers and deliver annual savings of approximately $50 per year, or $4.04 per month, for the typical residential customer using an average of 1,000 kilowatt-hours a month. Total annual savings for all Georgia Power customers will amount to approximately $285 million.
Today’s vote by the Georgia PSC follows a stipulated agreement reached earlier this month between Georgia Power and the Public Interest Advocacy (PIA) Staff of the Georgia PSC in two cases originally filed with the Georgia PSC in February – the Fuel Cost Recovery (Docket 56765) case and the Storm Cost Recovery (Docket 44280) case. The cases sought to recover the cost of fuel to operate power generation plants to serve customers and to recover costs to quickly and safely restore electric service following storms, most notably the historic Hurricane Helene in 2024.
“Today’s vote by the Georgia PSC will bring lower rates and real savings for Georgia families and businesses as the heat of summer begins and energy use increases, which can lead to higher bills,” said Tyler Cook, CFO and treasurer for Georgia Power. “At Georgia Power, our teams work every day to run our business efficiently and keep reliable and affordable energy flowing to our customers. We appreciate today’s approval by the Georgia PSC of this plan, following months of hard work by our teams and Georgia PSC staff, robust review and open hearings, as well as engagement by members of the public and intervenors.”
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