Georgia Power has filed a request to reduce fuel rates by 19 percent. (photo courtesy Tom Magliery)
The company said it filed the request on Friday with the Georgia Public Service Commission.
The change would mean that power bills would decrease about $8 a month for the typical residential customer who averages about 1,000 kilowatt-hours (kWh).
The company said in a statement that the decrease in fuel costs was driven primarily by lower natural gas prices as a result of increased natural gas supplies.
Company executives say other contributing factors were lower demand for electricity, coupled with mild weather.
A public hearing will be conducted by the PSC June of this year. If approved, the new fuel rates will go into effect July 1, 2012.
