Georgia Power Seeks 12% Rate Increase for Customers to Fund Distribution Improvements | Georgia

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(The Center Square) – Georgia Power wants to invest billions in transmission and distribution upgrades, and proposed upgrades will cost taxpayers.

The company asked the Georgia Public Service Commission to approve an increase in customer rates of nearly 12% over the next three years. The company argues that the increase is lower than the currently expected rate of inflation.

The company said a residential customer using 1,000 kilowatt hours per month would see a total increase of $16.29 per month over three years – starting at $14.32 per month in 2023, then dropping to $1.35 per month. month in 2024 and $0.62 per month in 2025.

Georgia Power, a subsidiary of Southern Company, plans to invest nearly $7 billion over the next three years in improving transmission and distribution. This includes $2.2 billion for the company’s ongoing multi-year network investment plan.

“As our state continues to grow and the energy landscape rapidly changes, we recognize and respect our customers’ focus on the reliability and resilience of Georgia’s electrical system, the expansion of our clean energy resources, and the Georgia Power’s continued ability to safely and reliably meet their energy needs,” Chris Womack, president and CEO of Georgia Power, said in a statement.

In a press release, Georgia Power said it had invested nearly $10 billion over the past ten years to modernize its grid, including $4.9 billion in transmission and distribution infrastructure between January 2020 and the end of January. 2022. Of this amount, $1.5 billion is related to the company. GIP.

However, a Georgian consumer organization has raised concerns about the proposed increase, saying Georgians’ budgets are already stretched.

“A significant number of Georgians are already struggling to pay high electricity bills,” Liz Coyle, executive director of Georgia Watch, told The Center Square. “Georgia Power’s requested rate hike, if approved by the Georgia Public Service Commission, would create an even greater burden on household budgets.”

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