Your electric rates may be increasing by about $8 per month starting in January, if a rate increase request by Georgia Power is approved. The utility filed a request with the Georgia Public Service Commission for a base rate hike of 6.1 percent.
The company says that rate increase will raise an extra $482 million and would take effect January 1, 2014.
The utility says it needs to "Recover the costs of recent and future investments in infrastructure -including environmental controls, transmission and distribution, generation, and smart grid technologies - required in order to maintain high levels of reliability and superior customer service."
"We're committed to delivering value to our customers in the form of clean, safe, reliable electricity at rates below the national average, and we're committed to being a partner that our customers can depend on day-in, day-out," said Paul Bowers, president and CEO of Georgia Power. "We will continue to invest what is required to deliver the world-class value our customers deserve and expect and to serve Georgia's current and future energy needs."
If approved, the rate hike would mean about a 6.7 percent increase for the average customer (that uses 1,000 kilowatts of electricity per month.) That's about $7.84 per month.
The increase must be approved by the PSC.
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