Special to the WJH ATLANTA — The Georgia Public Service Commission (PSC) approved a plan July 1 to keep Georgia Power base rates stable and predictable through at least the end of 2028, with storm costs to be addressed in a separate proceeding.
Base rates reflect what customers pay for electricity under the rate they choose, exclusive of fuel costs. The approval follows a stipulated agreement reached between Georgia Power and Georgia PSC Public Interest Advocacy Staff in May, which recommended an extension of the existing alternate rate plan previously approved by the Georgia PSC in 2022.
Georgia continues to experience extraordinary growth and increased demand for electricity, driven by a strong economy and robust economic development activities which are bringing new jobs and tax revenue to communities across the state.
In recent years, Georgia Power has worked with state and local elected officials including the Georgia PSC and the state legislature, business and community leaders, and a variety of stakeholders representing the diverse interests of Georgians, to develop and execute plans. These plans are to help ensure the state can meet future energy demand, make investments needed for reliability and resiliency of the power grid, and keep energy costs affordable for customers.
