Georgia Power has tentatively agreed to cut its proposed rate hike by roughly 40 percent, according to a deal reached Monday between the Atlanta-based utility and staff members of the Georgia Public Service Commission.

The deal must be approved by the PSC.

According to the proposal, the utility would cut its three-year, $1.46 billion rate increase to $873 million.

Instead of paying $7.84 more a month starting in 2014, residential consumers would pay an estimated $2.19 a month.

That amount would increase in 2015 and in 2016.

The Atlanta Journal-Constitution has contacted Georgia Power for comment.

About the Author

Keep Reading

Both WABE and GPB would be significantly impacted by federal funding cuts. (Rodney Ho/AJC)

Credit: RODNEY HO/rho@ajc.com

Featured

“Our members cannot be bought off,” General President Sean O’Brien said in a social media statement, calling UPS' offers “illegal and haphazard.” (Hyosub Shin/AJC 2023)

Credit: Hyosub Shin/AJC