Regulators approve temporary Georgia Power rate freeze

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After six bill increases in the last three years, Georgia Power rates will now stay the same for the time being. 

Under a deal approved Tuesday by the Georgia Public Service Commission, Georgia Power’s rates will stay the same for the next three years, though the deal does not include some costs, which could still cause bills to increase next year.

“The rate freeze resulting from this plan is a great result for customers,” Georgia Power CEO Kim Greene said in a statement, “balancing the mutual benefits of extraordinary economic growth among all stakeholders and helping to ensure that we remain equipped to continue supporting growth in this state.” 

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Posted by GPC