Utility regulators on Tuesday approved a plan for Georgia Power Co. to freeze base power rates through the end of 2028, although opponents argue that customers could face risks later if costs to serve new computer data centers pile up.
The five Republicans on the Georgia Public Service Commission voted unanimously for the plan after regulatory staff and the company agreed to it earlier.
“Freezing these rates shows that we’re listening to ratepayers and we’re doing all we can to protect them and continue to grow this economy in this state,” Commissioner Tim Echols said after the vote.
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