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.
Nuclear power plant expansions are moving forward in the South while they are stalled or have been scrapped in other parts of the country. The South's politics have a lot to do with that trend. Lawmakers here prefer regulated markets and smooth the way for expensive new reactors.
A new report from Georgia Watch says customers of the electric cooperatives who buy power from Plant Washington could see a 10 percent to 20 percent jump in their monthly bills. That would mean, on average, an additional $200 per year. The group building the plant, Power4Georgians, said the report makes too many assumptions about rising construction costs.