What Are Those ‘Vogtle Settlement Refunds’ On Your Georgia Power Bill?

The electric utility and regulatory staff of Georgia Power agreed to a deal on Wednesday, Dec. 14, 2022 to raise rates by $1.8 billion over three years starting in January.

If you spend time studying your Georgia Power bill, you might have noticed three, $25 “Vogtle Settlement Refunds,” in April, July and September.

They’re related to Plant Vogtle, the only nuclear power plant under construction in the country, near Augusta. (These are different from other refunds issued, related to the Tax Cuts and Jobs Act.)

To understand their story, we’ve got to go back about 10 years and remember that all Georgia Power ratepayers are helping to fund Plant Vogtle construction.