Georgia Power Co. and regulatory staff reached an agreement Wednesday that would give the company a nearly $1.8 billion rate increase over three years — if Georgia’s five elected public service commissioners approve.
That’s a little above the midpoint between the $2.9 billion that the electric utility proposed and the $529 million that staff said was justified. It’s about the same as the $1.77 billion Georgia Power got in 2019, when it and staff members never reached a bargain.
A residential customer who uses 1,000 kilowatt hours of electricity per month pays Georgia Power an average of $128 a month now, the company has said. Under the plan, that would rise by $3.60 a month in January, an increase of 2.5%. Increases of 4.5% would follow in 2024 and 2025, staff lawyer Preston Thomas wrote in a letter to commissioners.
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