Today, the Public Service Commission voted to allow Georgia Power a cumulative rate increase of $2.1 billion over the next three years, an amount that will 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.
The 4-1 decision permits a first year increase of $562 million, a second year increase of $752 million, and a third year increase of $844 million. By 2013, annual electric bills will go up by more than $175.
“Commissioners turned a deaf ear to Georgians who overwhelmingly said now is not the time for a rate increase,” said Georgia Watch executive director Angela Speir Phelps, a former public service commissioner herself. “This decision reflects a real disconnect between Commissioners and the financial reality businesses and families are facing in this economy.” Read more










