Ga. Power Files Double-Digit Rate-Hike Request
(Atlanta Business Chronicle) — Georgia Power Co. proposed a $615 million rate increase Thursday that would hike monthly rates for the average business by 7.7 percent to 10.3 percent beginning in January and drive up the average residential customer’s bill by 10.1 percent, or $10.88 per month. Additional increases the utility is seeking for 2012 and 2013, if approved by the state Public Service Commission, would send the overall rate-hike request to just more than $1 billion.
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