Georgia Public Service Commission approves Georgia Power rate increase

The Georgia Public Service Commission on Tuesday approved a rate increase for Georgia Power Co.

The new rates will be effective Jan. 1, 2020, through Dec. 31, 2022.

Georgia Power estimated it will collect an additional $342 million in 2020, $181 million in 2021, and $386 million in 2022, the Southern Co. (NYSE: SO) subsidiary reported.

The 2020 increase includes $318 million for the cost of complying with environmental regulations, with an additional $55 million in 2021 and $184 million in 2022,…


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