Georgia Power today filed a request with the Georgia Public Service Commission (PSC) that would enable the company to continue making investments in strengthening and further securing the electric grid, transforming its power generation to include cleaner and more economical energy resources and continue improving the customer experience.
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“We take our responsibility to plan, prepare and make the investments needed to meet our customers’ energy needs today, tomorrow and for years to come seriously, and Georgia Power’s request to the Georgia Public Service Commission today outlines and supports that focus,” said Chris Womack, chairman, president and CEO of Georgia Power. “As our state continues to grow and the energy landscape rapidly evolves, we recognize and respect our customers’ focus on the reliability and resiliency of Georgia’s electric system, the expansion of our clean energy resources and Georgia Power’s continued ability to safely and reliably meet their energy needs. This request reinforces our commitment to meeting those needs while continuing to provide clean, safe, reliable and affordable energy for generations of Georgians.”
The request supports Georgia Power’s focus on the following:
- Strengthening the electric grid through investments in the company’s transmission and distribution systems and the continuation of its Grid Investment Plan (GIP) to support customers’ long-term reliability and resiliency needs. Many of these investments are required to protect the reliability and resiliency of our electric grid.
- Transforming how it makes energy, including the continued transition of the company’s power generation to cleaner and more economical resources for customers, including renewables such as solar.
- Enhancing operations and improving customer experience through investments in technology that will help enable Georgia Power to continue delivering exceptional service to customers while meeting their evolving energy needs.
If approved, customer rates would increase a total of just under 12% over the next three years, which is lower than the current projected rate of inflation. As outlined in the filing, the typical residential customer using 1,000 kilowatthours per month would see an increase of $14.32 per month on their bill in 2023, $1.35 per month in 2024 and $0.62 per month in 2025, for a total increase of $16.29 over the three-year period. The company has helped offset the rising cost of doing business through reduced operating costs, managing storm cost recovery and making smart financing decisions.