Georgia Power Company
Rate Increase Request
Atlanta- Georgia Power filed a rate increase with the Georgia Public
Service Commission (PSC) June 29, seeking permission to increase its
rates by 5.98% ($ 406.7 million) to recover costs for environmental
programs, new generation and electric infrastructure to meet growing
customer demand for electricity. If the request is approved, the rates would
not be effective until January 1, 2008.
In order to meet federal and state standards for nitrogen oxide, sulfur
dioxide, mercury and particulate matter emissions, Georgia Power anticipates
investing $2.25 billion between 2007 and 2010. By 2015, the company anticipates
reducing NOx emissions by 85% and SO2 emissions by 95% from 1990 levels and
achieving significant reductions in mercury and particulate matter emissions.
In addition to environmental controls, the proposed increase will also
address infrastructure needed to keep up with increasing demand for
electricity. Today, Georgia Power is serving 127,000 more customers than it was
just three years ago and the average residential customer uses 15% more
electricity than it did just 10 years ago.
To meet customer demands for electricity, Georgia Power has added nearly 5,000
megawatts in electric generation and certified purchased power capacity since
1991. The company has also invested more than $1.3 billion in new power lines
and substations since 2003.
The company also provided an optional three-year plan, in addition to a
traditional one-year rate filing. This plan provides for the same
increase in 2008, as well as increases of 2.9% in 2009, and 0.66% in
2010. The increases in 2009 and 2010 would recover the additional
environmental costs in those years.
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