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Wednesday, August 4, 2010 - 12:59pm

PSC To Hold Hearings Over Rate Hike Requests

The Public Service Commission wants to know what people think about Georgia Power and Atlanta Gas Light’s recent rate hike requests.

They’re holding public hearings in Macon, Savannah, Rome and Atlanta over the next few months.

Atlanta Gas Light wants a $54 million increase which would amount to about $3 more on gas bills starting this fall.

Also under review… Georgia Power’s billion dollar rate hike request which would translate to about 10 dollars more on the average customer’s monthly bill beginning in January.

PSC Comissioner Bobby Baker says in addition to recovering expenses, Georgia Power wants to increase its profit margin.

“You’re listening to them make their case as to why should they be entitled an increase in their earnings level at a time when there has been a down economy,” says Baker, “and the company hasn’t been losing money, but they’re not making enough money as they’d like to.”

Georgia Power says the increase will help maintain its good credit rating.

“Every time we go to borrow, if we have a better credit rating, our interest rate is less and our customers benefit from that,” says Christy Ihrig with Georgia Power.

The PSC will decide on the cases this fall and winter.

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