The Georgia Public Service Commission has approved a plan to keep Georgia Power’s base electricity rates stable until at least the end of 2028. This plan, following an agreement reached with the commission’s staff, will handle storm costs separately. Base rates are what customers pay for electricity, excluding fuel costs. Georgia is experiencing significant growth and increased electricity demand due to economic development, prompting Georgia Power to work with various stakeholders to ensure energy demands are met while keeping costs affordable. “At Georgia Power, we appreciate that our customers depend on us to deliver reliable and affordable energy every day to power their homes and businesses – that is our focus every day, with every decision we make,” said Kim Greene, chairman, president and CEO of Georgia Power. “The rate freeze resulting from this plan is a great result for customers, balancing the mutual benefits of extraordinary economic growth among all stakeholders and helping to ensure that we remain equipped to continue supporting growth in this state. A plan like this is only possible due to the strength of Georgia’s constructive regulatory environment, and we thank the Georgia Public Service Commission for their vote today.” The company will also seek to recover costs related to Hurricane Helene restoration and other storm responses through electric rates by the end of 2025. A separate regulatory proceeding for this is expected in early 2026.
