ATLANTA, April 14, 2016 /PRNewswire/ -- Georgia Power
announced today that its base electric rates will remain flat
through 2019. The announcement follows a vote by the members of the
Georgia Public Service Commission (PSC) on an agreement connected
to the pending merger of Southern Company (the parent company of
Georgia Power) and AGL Resources. This three-year rate
assurance 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. This reduction was effective January
1.
Georgia Power traditionally files a base electric rate case with
the Georgia PSC every three years to consider new and existing
costs to provide reliable electric service to its 2.5 million
customers. The company's next base electric rate case was
originally scheduled for this summer. However, 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 to ensure that benefits that the
potential merger could bring to Georgia customers can be fully realized.
The company's last base electric rate case in 2013 incorporated
the costs of investments in infrastructure required in order to
maintain high levels of reliability and superior customer service.
Investments in place today as a result of this process include new
environmental controls on the company's generation fleet and
improvements in the transmission and distribution network such as
smart grid technologies to limit the frequency and duration of
power outages.
Georgia Power consistently offers rates that are below the
national average. Over the past 26 years, the company's total
retail rate has averaged more than 13 percent below the national
average. The company's total retail price of 9.22 cents per kilowatt-hour at the end of 2015
was more than 14 percent below the national average.
To learn more about how Georgia Power delivers clean, safe and
reliable electricity at an affordable price, as well as customized
rate plans and energy efficiency programs to help customers save
money and energy every day, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company
(NYSE: SO), one of the nation's largest generators of
electricity. Value, Reliability, Customer Service and
Stewardship are the cornerstones of the company's promise to 2.5
million customers in all but four of Georgia's 159 counties. Committed to
delivering clean, safe, reliable and affordable energy at rates
below the national average, Georgia Power maintains a diverse,
innovative generation mix that includes nuclear, 21st century coal
and natural gas, as well as renewables such as solar, hydroelectric
and wind. Georgia Power focuses on delivering
world-class service to its customers every day and the company is
consistently recognized by J.D. Power and Associates as an industry
leader in customer satisfaction. For more information, visit
www.GeorgiaPower.com and connect with the company on Facebook
(Facebook.com/GeorgiaPower) and Twitter
(Twitter.com/GeorgiaPower).
Logo -
http://photos.prnewswire.com/prnh/20050216/CLW066LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/georgia-power-base-electric-rates-to-remain-flat-through-2019-300251707.html
SOURCE Georgia Power