Georgia Power Company plans to ask the Public Service Commission for a rate increase this week. The commission approved small rate increases in 2011, 2012 and 2013.
Citing “huge investments…in environmental controls…smart grid technology…and other factors” by Georgia Power spokesman John Kraft, the current rate increase asks for $280 million which will mean an increase of $4.55 a month for the average residential customer. That rate increase could be followed by another one a year from now.
An alternative proposal would generate $482 million over a three year period and would mean a monthly increase of $7.84.
The Public Service Commission is expected to rule on the request December 17. Any new rate increase approved won’t take effect until January 1, 2014.