Tue., December 21, 2010 8:01am (EST)

PSC To Vote On Rate Hike Request
By Associated Press
Updated: 4 years ago

ATLANTA  —  
(Photo: courtesy of Mitch Paradise)
(Photo: courtesy of Mitch Paradise)
Utility regulators will soon decide whether Georgia Power can raise electricity rates for its 2.4 million customers.

The Public Service Commission plans to vote Tuesday on whether the Southern Co. subsidiary can raise prices over three years.

The firm's latest proposal would result in a $15 increase on the monthly bills of typical residential customer by 2013. Customers must also pay additional charges next year to finance the construction of a new nuclear power plant in eastern Georgia.

Georgia Power asked in July for one of its largest rate increases in recent history. The company said it needed to cope with slumping sales and the cost of upgrading power plants. Critics have argued that Georgia Power should cut its profit margin instead.