PR Newswire·May 12, 2026, 12:47 PM ET

New stipulated agreement offers $285 million in annual savings for Georgia Power customers starting this summer

Georgia Power & the Public Interest Advocacy Staff of the Georgia Public Service Commission reached a stipulated agreement on May 12, 2026, for the Fuel Cost Recovery (Docket 56765) & Storm Cost Recovery (Docket 44280) cases.
The agreement is subject to review & approval by the Georgia PSC later in May 2026.
Typical residential customers using 1,000 kilowatt-hours per month are expected to save $4.04 per month, or nearly $50 annually, beginning in June.
Total projected annual savings for customers amount to approximately $285 million.
Savings result from constructive negotiations involving an extended recovery period & the leveraging of additional production tax credits.
The cases address cost recovery for fuel operations & restoration expenses following storms, including Hurricane Helene in 2024.
Georgia Power has maintained rates 15% below the national average on average since 1990.
Growth from new residents & large-load customers enabled a base rate freeze & supports a commitment to $102 annual savings per typical residential customer starting in 2029.
Georgia Power serves 2.8 million customers across 155 of Georgia's 159 counties as the largest electric subsidiary of Southern Company.