State utility regulators begin hearings Tuesday on Georgia Power’s request to increase rates by nearly $8 a month for the typical customer. All told, the increase will generate an additional $482 million for the company, which officials say is needed to offset higher costs and lower revenues from customers using less energy.
The Georgia Public Service Commission is holding a hearing next week on a proposed Georgia Power Rate Increase.Commission spokesman Bill Edge said Tuesday that the Oct. 1 hearing will feature a public comment session on the utility's plan to increase rates beginning in January 2014.
Georgia Power customers can expect to pay 17 percent more on electricity come January. The Public Service Commission approved one of the largest rate hikes in the utility’s history, along with a nuclear surcharge to cover the financing costs of Plant Vogtle's expansion Tuesday.
Next week state regulators will vote on whether to grant Georgia Power a rate hike request which could mean $15 more on monthly electricity bills. But first, some groups have banded together to make a last ditch effort to get that cut in half.