Hearings Begin on Georgia Power's 12% Rate Hike Request
Hearings began Tuesday as state regulators consider Georgia Power’s request to raise rates by 12% over the next three years. Several customers stated their opposition to the price hike before the commission, along with others voicing their support for the company.
A residential customer could pay nearly $200 more a year for power by 2025 under the plan. A customer currently using 1,000 kilowatt hours of electricity per month pays $128 a month now, that would jump by $14.32 a month in 2023, reaching a total of $16.29 more over the three-year period.
Costs for the Plant Vogtle nuclear plant and fuel are likely to drive rates up even more in the coming years.
The five members of the Public Service Commission are scheduled to decide in December on the company’s request for a cumulative $2.9 billion more beginning in January.