Georgia Public Service Commission approves motion to deliver $122 million in savings to Georgia Power customers beginning in January
SOSouthern Company(SO) Prnewswire·2024-09-05 20:30

Near-term rate relief possible due to lower state corporate tax rate ATLANTA, Sept. 5, 2024 /PRNewswire/ -- The Georgia Public Service Commission (PSC) voted unanimously this week to approve a motion by Commissioner Fitz Johnson to expedite the return of approximately $122 million for the benefit of Georgia Power customers as early as January 2025. The funds are available due to recent changes to state tax law which lowered the company's corporate tax rate and will help offset inflationary related cost incr ...