Starting in June, Georgia Power customers could experience another bout of sticker shock when they get their monthly bill as the state’s largest utility seeks to recoup billions of dollars in unbudgeted fuel expenses.
Georgia Power officials predict that its unrecovered fuel expenses over the last couple of years ending in May will reach $2.6 billion, which would add $17 to $23 per month to the typical resident’s bill. The company blames skyrocketing fuel prices after the rate of inflation spiked last year.
By Monday, the company plans to update state regulators about the latest natural gas prices and how much money it wants to be reimbursed, along with future projected costs for fuel sources that generate electricity for 2.7 million homes and businesses across the state.
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