November 19, 2010
Georgia Power has reached a settlement with Public Service Commission staff to reduce its rate increase request from $1.1 billion to $844 million. Georgia Watch is strongly opposed to the settlement, as it would still raise monthly electric bills for the average residential ratepayer by more than $10 per month in 2011, and increase incrementally to over $15 per month by 2013.
“It’s simply the wrong time for a big rate increase. Under the current settlement, electric bills would go up more than $170 per year. In the worst economy since the Great Depression, Georgia families and businesses simply can’t afford it,” said Clare McGuire, Director of the Georgia Watch Consumer Energy Program. Read more
