by Patch Staff
OLD FOURTH WARD — Georgia Power Co. on Friday asked the Georgia Public Service Commission to approve a rate increase of 482 million, or 6.1 percent.
The company is seeking the increase to recoup expenditures — both actual and future investments — in infrastructure, including environmental controls, transmission and distribution, generation, and smart grid technologies, it said in a statement.
Under the proposed increase the typical residential customer using 1,000 kilowatt-hours per month would see an increase of about 6.7 percent, or $7.84.
If approved, the higher rates would go into effect on Jan. 1, 2014.
“We’re committed to delivering value to our customers in the form of clean, safe, reliable electricity at rates below the national average, and we’re committed to being a partner that our customers can depend on dayin, day-out,” Paul Bowers, Georgia Power's president and CEO, said in a statement.
“We will continue to invest what is required to deliver the world-class value our customers deserve and expect and to serve Georgia’s current and future energy needs.”
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