State regulatory staff and Georgia Power Co. have agreed on a plan that will boost power bills by 12% in June to cover the higher costs of natural gas and coal that the utility burns to generate electricity for its 2.7 million customers.
The unit of Atlanta-based Southern Co. filed new figures Monday saying it needs to collect an additional $6.6 billion from customers over the next three years, under an agreement it reached with Georgia Public Service Commission staff earlier this month.
Because of declining natural gas price forecasts, that’s actually $1.1 billion less than Georgia Power had earlier projected. But it will boost a typical residential bill to $147.50 a month, up $15.90 from the current $131.60. The increase had originally been predicted to be as high as $23.
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