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Georgia Power Files $912 Million Storm-Recovery Plan With PSC, Citing Fuel Savings to Lower Bills

The utility projects roughly 1% lower average bills starting in June if regulators approve the paired filings.

Overview

  • Georgia Power submitted Fuel Cost Recovery (Docket 56765) and Storm Cost Recovery (Docket 44280) cases to the Georgia Public Service Commission.
  • The storm proposal seeks to recover a $912 million under‑recovered reserve over four years, with nearly $800 million attributed to Hurricane Helene.
  • The company says fuel charges will decrease beginning in June due to lower costs and hedging, and notes fuel is a pass‑through cost.
  • Expected fuel savings would more than offset storm-recovery charges, resulting in about a 1% average bill decrease if approved.
  • A typical residential customer using 1,000 kWh per month would save about $1.32 monthly, subject to PSC review in the coming months.