Georgia Power announced today that its base electric rates will remain flat through 2019.
The announcement follows a vote by the members of the state Public Service Commission on an agreement connected to the pending merger of Southern Company, the parent company of Georgia Power, and AGL Resources. This three-year rate assurance is in addition to a net reduction of approximately $2.50 in the overall monthly bill for the typical residential customer primarily driven by a 14 percent decrease in the fuel rate. This reduction was effective Jan. 1.
Georgia Power traditionally files a base electric rate case with the Georgia PSC every three years to consider new and existing costs to provide reliable electric service to its 2.5 million customers. The company’s next base electric rate case was originally scheduled for this summer. However, as part of the agreement, Georgia Power, Southern Company, AGL Resources, Georgia PSC staff and other parties agreed that the company’s next base electric rate case should be postponed until July 2019 to ensure that benefits that the potential merger could bring to Georgia customers can be fully realized.
To learn more about how Georgia Power, visit www.GeorgiaPower.com.