A unanimous vote on Sept. 4 by the Georgia Public Service Commission (PSC) means Georgia Power customers will start seeing savings on their monthly bills as early as January 2025.
“Every day, we work to keep our rates as low as possible while making the investments needed to deliver reliable energy and power a growing Georgia,” said Kim Greene, president, chairman and CEO of Georgia Power.
The PSC approved a motion by Commissioner Fitz Johnson to expedite the return of roughly $122 million to Georgia Power customers. The funds are available due to recent changes to state tax law that lowered the company’s corporate tax rate and will help offset inflationary related cost increases for customers, according to Georgia Power, the largest electric subsidiary of Southern Company.
Under the direction of the Georgia PSC, the company said it will work to deliver near-term rate relief for customers that’s expected to result in estimated savings of approximately $2.25 per month for the typical residential customer using an average of 1,000 kilowatt hours per month.