Georgia Power announces plan to save consumers money
from Georgia Power
With new residents moving to the state and large-energy users like data centers and manufacturers choosing Georgia, Georgia Power continues to work to ensure that growth benefits all Georgia Power customers.
The company has moved quickly to anticipate and effectively manage this growth with the Georgia Public Service Commission (PSC), creating an industry-leading strategy.
It will helping protect residential and small business customers through a comprehensive approach that has helped deliver the company’s earlier base rate freeze and a plan to provide annual savings of $102 per year for the typical residential customer beginning in 2029.
Georgia Power raised rates, with the PSC’s permission, to cover the payments for the new nuclear plant south of Augusta. The plant was 7 years behind schedule and $22.8 billion over budget. The plant had an original cost of $14.8 billion. Most of Georgia Power’s customers do not receive power from the plant, but all customers are paying for it.
THE PLEDGE
Last week, the company further affirmed its overall commitment by introducing its Customer Protection Pledge at GeorgiaPower.com/Pledge, including six key points.
1) Protect Your Rates and Keep Energy Affordable
2) Ensure New Large-Energy Users Pay Their Way
3) Invest in a Stronger, More Reliable Grid
4) Negotiate Fairly and Transparently for Property
5) Power a Balanced, Reliable Energy Future
6) Protect What We Share
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