Georgia Power is seeking permission from the Georgia Public Service Commission (PSC) to increase its base rates to recover the costs it invested in electricity infrastructure to improve power reliability and customer service.
The company has requested for permission to increase about $482m or 6.1% on its base rate.
If approved by Georgia PSC, the typical residential customer consuming 1,000 kilowatt-hours per month would have to pay an increased amount of 6.7% or $7.84.
The company has filed a request with the commission to recover the costs it incurred on the infrastructure, including environmental controls, transmission and distribution, generation, and smart grid technologies that are required to maintain electricity reliability.
Georgia Power president and CEO Paul Bowers said the company is delivering clean, safe, reliable electricity at a rate that is less than the national average rate in the US.
"We will continue to invest what is required to deliver the world-class value our customers deserve and expect and to serve Georgia’s current and future energy needs," Bowers added.
The PSC will hold public hearings in October and November 2013 and a final decision is expected to be given on 17 December 2013.
If approved, the proposed change in rates would be effective from 1 January 2014.