Georgia Power customers will see a credit on their June bills. The second of three credits created after the reduction in the company’s federal corporate tax rate from 35% to 21%, will be applied directly to customers’ bill this month.
Georgia Power customers will receive the credit based upon energy consumption from September 2018 through April 2019. The typical residential customer using an average of 1,000 kilowatt-hours per month would receive a credit of approximately $18 on their June Georgia Power bill. The actual amount of the credit will vary based on a customer’s specific energy usage.
In total, Georgia Power is providing three separate credits to customers that will total $330 million. The first credit of $131 million was issued in October 2018, the second credit, totaling $96 million is being applied this month and the third credit of $103 million is scheduled for February 2020.
The reduction is associated with the Tax Cuts and Jobs Act of 2017.