Regulators to meet on Georgia Power rate proposal

By: Assocated Press
By: Assocated Press

Wednesday, December 1, 2010

ATLANTA (AP) -- Utility regulators could consider a proposed settlement from Georgia Power that would raise electricity prices, but not as much as the company first proposed.

Members of the Public Service Commission are scheduled to meet Wednesday and could consider a plan by the electricity supplier that would add $15 in costs to the bill of an average residential customer by 2013.

But Georgia Power has said it will drop its requests to raise its allowable profit margin. It will also abandon a proposal to automatically raise customer rates if the power company did not meet its profit targets. Big retailers had fought against that plan.

The settlement is not binding until the PSC commissioners approve it. That vote is expected at a Dec. 21 meeting.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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