Georgia Power commits to postpone next rate case until 2019
Written By: Stratton Report
April 14, 2016
On April 14, Georgia Power announced that its base electric rates will remain flat through 2019. The announcement follows a vote by the members of the Georgia Public Service Commission on an agreement connected to the pending merger of Southern Company and AGL Resources. This three-year rate agreement is in addition to a net reduction of approximately $2.50 in the overall monthly bill for the typical residential customer primarily driven by a 14 percent decrease in the fuel rate.
As part of the agreement, Georgia Power, Southern Company, AGL Resources, Georgia PSC Staff and other parties agreed that the company’s next base electric rate case should be postponed until July 2019.