ATLANTA — The Georgia Public Service Commission (PSC) voted unanimously earlier this month to approve a motion by Commissioner Fitz Johnson to expedite the return of approximately $122 million for the benefit of Georgia Power customers as early as January 2025.
The funds are available due to recent changes to state tax law which lowered the company’s corporate tax rate and will help offset inflationary related cost increases for customers.
Under the direction of the Georgia PSC, the company will work quickly to deliver near-term rate relief for customers. The expected result is an estimated savings of approximately $2.25 per month for the typical residential customer using an average of 1,000 kilowatt hours per month beginning in January 2025.
