The Georgia Public Service Commission voted Tuesday to raise Georgia Power customer rates by about $1.8 billion over the next three years and allowed the company to continue making up to about 12% in annual profit.
The company had originally requested a $2.2 billion rate hike. The average Georgia Power household is expected to see its bill rise by about $6 per month next year. Bills will rise again 2-2.5% in 2021 and an additional 4.5-5% in 2022.
Rates, however, will not begin to change until 2021. Additionally, the base service charge — which customers pay no matter how much power they use and which the company had originally requested to raise nearly $8 over three years — will now only increase $4 over three years.
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