ATLANTA (AP) – The Georgia Public Service Commission approved a $1.8 billion Georgia Power Co. rate increase Tuesday, raising rates by 12% over three years.
The move came after four commissioners tweaked a settlement between the utility and commission staff to give the company more of what it wanted.
The all-Republican regulatory commission voted 4-1 for the plan.
Georgia Power says typical residential customers will see bills rise by $3.60 a month in January, which is an increase of 2.8% over the $128 they now pay.
Increases of roughly 4.5% would follow in both 2024 and 2025, pushing bills to around $144 a month.
Other bill increases are also coming in the period.