The Georgia Public Service Commission is reviewing Georgia Power’s request for an increase in its base rates filed with the PSC.
In making its request, the company is required to file a traditional general rate case. It is also given the option to propose an alternative rate plan. According to the company’s filing, its traditional rate case would be an annual increase of $280 million. If approved, this would be approximately a $4.55 monthly increase for the average residential customer using 1,000 kilowatt-hours per month. With a traditional rate case, the company would have the right to file for additional rate increases at any time in the future.
The company has proposed that, instead of a traditional rate case, the PSC approve a three-year alternative rate plan with a one-time annual increase in its retail rates of $482 million. This request, if approved, would be approximately a $7.84 monthly increase for the average residential customer using 1,000 kilowatt-hours per month.
If approved, the proposed rates would take effect Jan. 1, 2014. The commission will begin the first round of hearings on the company’s request on Oct. 1 and hold additional hearings Nov. 5 and Nov. 25.