Tentative Deal to Cut Georgia Power’s Rate Hike
Tuesday, November 19th, 2013
Georgia Power consumers might be see a rate increase in 2014. But it won’t be as much as it could have been.
The utility has tentatively agreed to cut its proposed rate hike by roughly 40 percent, from $1.46 billion to $873 million, for its 2.4 million residential and business customers, according to a deal reached Monday between the Atlanta-based utility and staff members of the Georgia Public Service Commission.
Instead of paying $7.84 more a month for three years starting in 2014, residential consumers would pay an estimated $2.19 more in 2014.
That amount would increase another $3.61 in 2015 and another $2.96 in 2016.
