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.
Increased use of natural gas is at the top of Georgia Power's to-do list according to the company's new 20-year plan. Georgia Power is required to submit a long-range plan every three years to the Public Service Comission. In its latest version, the company highlights the need for many different sources of energy.
Lower fuel costs are prompting Georgia Power to ask the Public Service Commission to allow the utility to lower customers' bills by 64 cents a month. The reduction comes after $14 a month in increases so far this year.