Georgia Power to freeze base rates for at least three years
ATLANTA (WRBL) — Georgia Power customers will not be seeing a base rate increase, at least for now.
The Georgia Public Service Commission and Georgia Power have come to an agreement that states Georgia Power will freeze base rates at the current level for at least three years.
According to the agreement, Georgia Power will not file for recovery of Hurricane Helene storm damage expenses until 2026. The 2025 rate case was expected to include recovery expenses for storm damages, which is generally considered a 'pass through' expense.
'This is a very big deal,' said PSC Chairman Jason Shaw. 'Energy customers have seenunprecedented inflation in the energy sector across the U.S. My fellow Commissionersand I urged staff and Georgia Power to come to some agreement where base rates wouldnot increase. This is nothing but good news for Georgia Power ratepayers. I look forwardto delving into the details of this agreement as we conduct our public hearings.'
A Public Service Commission audit of Georgia Power's storm damage expenses is underway. The agreement between the PSC Public Interest Advocacy Staff and Georgia Power will bediscussed during public hearings, scheduled for Tuesday, May 20, where witnesses for staff and Georgia Power can be cross examined by consumer watchdogs, environmental groups, large-load power customers and others. Ultimately, the elected Commissioners must vote for the agreement before it becomes binding.
In 2022, a Georgia Power rate case ended with an agreement where base rates were increased over three years. The last of those increases came in January of this year. Per thatagreement, Georgia Power was allowed to request another rate increase this year.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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