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Georgia Power asks for rate increase

Friday, June 28, 2013 4:58 PM
Last updated Saturday, June 29, 2013 4:43 PM
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ATLANTA - Georgia Power asked the Public Service Commission late Friday for a $482 million rate increase, or about $7.84 per month for the average residential customer.

That amounts to a 6.1 percent increase. And consumer groups were quick to object.

The commission will hold several days of hearings in coming months and vote on the request in December. If approved, the increase would become effective Jan. 1.

The company said it’s to cover the costs of pollution controls, smart-grid technology, transmission lines and customer service.

“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,” said Georgia Power President Paul Bowers.

The self-styled consumer watchdog Georgia Watch issued a critical statement within minutes of the utility’s announcement.

“Georgia Watch is very concerned that Georgia Power is earning higher and higher profits for their shareholders on the backs of hard-working, Georgia utility-bill payers,” said Elena Parent, the organization’s executive director. “Keep in mind that at the same time Georgia Power is asking for a rate increase, the company is also asking the PSC to approve the foisting of massive Vogtle cost overruns onto captive ratepayers who won’t experience any benefit from this project for years to come.”

Georgia Power is adding two nuclear reactors at its Plant Vogtle in Burke County for a total budget of $14 billion. The company has acknowledged it is $381 million over budget and behind schedule but argues the ultimate benefit to customers will still be greater than the expense.

A state law allows the company to charge customers now for the financing costs of the reactors even though they won’t begin producing power until 2017 or later.

The company’s electricity rates have risen 23 percent since 1990, one-third of the rate of overall inflation. And it estimates its rates are typically 13 percent below the national average for electricity.

The five-man Public Service Commission is required by law to vote on a rate request within five months. Under the legal framework, the company could have requested another increase at any time after approval, but instead, it decided to lock in a higher, three-year bump and give up the right to another request in that period, according to commission spokesman Bill Edge.

Before the December vote, the commission has to consider the utility’s 20-year plan. In it, the company is asking to close 15 generators that burn coal or oil and to convert others to natural gas. Commissioner Lauren “Bubba” McDonald will ask his colleagues to require the company to double its use of solar power as part of its long-range strategy.

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rmwhitley
5547
Points
rmwhitley 06/28/13 - 04:15 pm
0
0
I certainly
Unpublished

wish that anytime I want some extra money, all I have to do is ask da gubmint for a 6.1% raise. Everybody wants more but I'm getting less.

Fiat_Lux
16445
Points
Fiat_Lux 06/28/13 - 07:23 pm
6
0
Oh, great.

Property taxes going up to babysit the spawn of the masses along with some students, paying the same outrageous amount for half the garbage service and now we get to pay more for electricity as well. How nice.

After six years of watching the doctors and nurses and other favored types get four- and five-figure raises annually, I would like to get one for a change. A meaningful one. The price of health insurance is now as big as two car payments and more than half the size of my mortgage payment. And what corporate execs are doing and getting is the stuff from which revolutions come.

I wonder at what point the people pushing all these cost increases on us will realize that destroying our ability to buy stuff is causing a downward spiral in our whole economy.

I wonder if we will know it when it turns into a death spiral.

Little Lamb
49260
Points
Little Lamb 06/28/13 - 08:58 pm
3
2
Regime

The Obama administration has published data to show us dumb masses that the inflation rate is 1.6% per year. Our pocketbooks know better. How much have bread and cereal increased for your family in the past year? How much has gasoline increased for your family in the past year? How much has chicken, pork and beef increased for your family in the past year? How much has cooking oil and sugar increased for your family in the past year?

How much for clothing?

How much for school taxes?

How much for phones and phone service?

How much for clothing?

How much for manicures for you ladies?

Well, you might as well get used to paying a higher electric bill next year.

But as far as Obama is concerned, it's just 1.6%.

Little Lamb
49260
Points
Little Lamb 06/28/13 - 09:01 pm
2
0
Storm Map

Well, if you can afford to pay your power bill and your internet service provider bill next year, you can enjoy playing with Georgia Power's interactive storm tracker map:

Storm Map

dichotomy
37652
Points
dichotomy 06/28/13 - 09:32 pm
6
1
This is just the power

This is just the power company normally screwing us. Wait until we see the rate increase they ask for when the EPA mandates Obama's War On Coal plan and it's timeline.

Fiat_Lux is right on the money. All of these rate increases, school tax increases, increases ad nauseam, I wonder if all of these folks realize that OUR pay has not been going up at all. They have become addicted to OUR money and somehow we need to wean them off. We cannot be their 24 hr. ATM any longer. And that includes ALL of the government(s) AND the power company.

Bodhisattva
7332
Points
Bodhisattva 06/29/13 - 04:30 am
3
7
Our money hasn't been going

Our money hasn't been going up since the late 1970's. GDP has gone up, CEO pay has gone 725% between 1978 and 2011, worker pay has gone up 5.7%, yet productivity has gone up 93%. You get to do almost twice as much work as you did in the 1970's for less than 6% more. Explain how this is Obama's fault. The ones that seem to do the griping are the very ones that voted for Reagan and fell for the whole 'trickle down" fairy tail, or as even Bush #1 called it "Voodoo economics". You've reaped what you've sown. You should be happy, Reagan's plans played out just like they were supposed to. We now have a permanent gilded class again and the rest of the country struggles from paycheck to paycheck.

http://www.ibtimes.com/ceo-pay-increased-127-times-faster-worker-compens...

Georgialina
7441
Points
Georgialina 06/29/13 - 05:28 am
7
0
$7.84 per month???

I love the way Georgia Power always quotes these low per month increases. $7.84 would be a 6.1% on a $128 power bill. Who has a bill that low these days? 6.1% on my bill would be about $35 per month. No where near the $7.84 Ga Power suggests. That's an additional $400 plus a year for me. A far cry from the"Oh it won't effect you much" figure that Ga Power lists.

corgimom
38775
Points
corgimom 06/29/13 - 07:57 am
1
6
LL, the inflation rate is

LL, the inflation rate is computed by using a number of factors, not just food and gas and utilities.

It also involves house prices and purchases of some appliances, among other things. One of the arguments against it is that people don't purchase homes and appliances on a regular basis; the argument for it is that housing is, for most people, their highest expenditure each year.

It's an aggregate figure, and not to be applied on everything.

What would affect you more, having the cost of houses go up 10% or your utility bill go up 10%? For most people, it's the price of housing.

**********************************
And Georgialina, an average bill of $128 is a very reasonable figure in Georgia. If your bill is that high that a 6.1% increase is a $35 jump, you either have a very big house, a very old house, or you need an energy audit, that's a huge bill and not average. Is your house all-electric?

I'd faint if my bill was ever that high. That is not the norm.

dstewartsr
20393
Points
dstewartsr 06/29/13 - 08:26 am
3
0
"...I wonder if all of these folks realize

...that OUR pay has not been going up at all..."

Oh, I'm sure they do. But knowing that and giving a rat's hat are two different things.

afadel
547
Points
afadel 06/29/13 - 08:57 am
0
0
Please remember to pay attention to Public Service Commission

Paying for Vogtle nuclear plants that will poison future generations.

Way to go, all of you who don't know what Public Service Commissioners do and don't bother to vote in statewide elections.

Old School Values
126
Points
Old School Values 06/29/13 - 08:58 am
5
0
My Power Bill went up $40.00

My Power Bill went up $40.00 this past month, I am on that pay plan where it stays the same regardless if I use more or less. As to "paying for cost of smart grid" the reason Georgia Power said it was implementing the Smart Meters was to save money. Look at the money the CEO and shareholders make off us. It is just a big racket to screw over the Public..

rmwhitley
5547
Points
rmwhitley 06/29/13 - 09:45 am
0
0
It appears to me
Unpublished

that georgia power learned how to screw its customers by following the plan set forth by dwight brown and cobb emc. cobb is a members co-op. dwight brown is, in my opinion and the grand jury's, a criminal. Watch out. The power companies are affiliated with jimmy "the rabbit" carter's epa.

Darby
29532
Points
Darby 06/29/13 - 10:48 am
5
2
Yeah - OzBama had absolutely nothing

to do with any of this. It's all Ronald Reagan's fault.

Right, that's it, that's the ticket!!!!

Just take away those CEO raises and redistribute them to the masses.

That should increase the average take home pay for all of us by at least .00000003 percent. (Over a ten year span.)

Or maybe just a little less....

Barry is such a wonderful president. We just don't appreciated him the way we should.

Darby
29532
Points
Darby 06/29/13 - 10:52 am
3
1
And we should have a punitive federal sales

tax on guns. Make the cost high enough and people will stop buying weapons.

And look at all the good the federal government could do with all that new tax revenue.

Worked for tobacco didn't it?

Oh wait, it didn't????

Kingbiscuitboy
479
Points
Kingbiscuitboy 06/29/13 - 11:16 am
3
0
GPC changed their reporting

GPC changed their reporting on their bills that now only show you the amount of energy used. Before, it showed you the dollar amount as well so you could see that you were paying alot more than you were a year ago for less energy.

Fiat_Lux
16445
Points
Fiat_Lux 06/29/13 - 12:41 pm
2
0
You got that right, Kingbiscuitboy.

It's not just the utilities that are doing that little bit of cutesy with the billing in order to try and befuddle consumers. Have your ever looked at your medical bills and your EOB for insurance payments? Same deceptive you-know-what from the bloodsuckers, mainly so they can delay the time when people get completely fed up with enriching the few and supporting the reproductive nonproductive.

Fiat_Lux
16445
Points
Fiat_Lux 06/29/13 - 12:50 pm
2
1
@Bod

You may be somewhat correct about the effects of greedy, soulless corporate predators, but the far and away bigger problem, the one that actually is killing us as an economic engine and international force for growth, is the entitlement programs that libtards forced upon the taxpayers starting more than half a century ago. In their poorly thought out rush to "earn" the votes of the uninformed indigent and garner the supposed good will of people who will happily slit our throats as they take our hard-earned money for their global jihad to destroy, destroy, destroy, they actually may have destroyed us as an economic power.

I fear we may simply be watching as things wind down and grind to a halt.

One word to remember for the future:

subsidiarity

.

corgimom
38775
Points
corgimom 06/29/13 - 04:25 pm
0
5
Old School Values, if your

Old School Values, if your bill went up by $40 per month, you too, have a very big house, a very old house, or need an energy audit.

If my power bill went up $40 per month, I'd be unplugging things in my house immediately. That would be a big wakeup call for me.

Ours just went down by $7 per month, we are on Duke Energy, and we had a cool fall and winter so the air conditioning didn't run as much.

People like to do things like have security lights (expensive), pond pumps (expensive), leave their computers on all the time, run a lot of big TV's, have freezers, run their air conditioners for most of the year- the list goes on and on.

And if my bill went up that much per month, I'd be calling Ga Power and telling them to come check my meter.

dashiel
176
Points
dashiel 06/29/13 - 07:43 pm
3
1
Obama Tried

Not to make it too hard on you, but Georgia's Public Service Commission consists of a handful of white Republicans who would privatize fire if they could think of a way to do it. Remember what they did for natural gas consumers in this state? To these fellows it makes perfect sense that we should finance the construction of a nuclear power plant so that the Southern Company can produce power to sell to other states. It must be hard to reason with lobbyists and stockholders--much harder than going along with them. Our recourse is obvious though hardly political. We can stop paying for electricity that we don't use. It simply isn't cost-effective to heat and cool an entire McMansion unless you are laboring under the delusion that you are running a B&B. Replace light-bulbs with the kind that give off unflattering light and are less illuminating. Install solar panels while you can still afford to. The farther you distance your house from the grid now, the better off you'll be as Georgia Power continues to experience annual construction cost overruns for you to pay for. Waste not, want not.

resident
501
Points
resident 07/01/13 - 01:39 pm
0
0
@dashiel

Sorry but the color of the skin of a politician is not the issue so why say it? The issue is simply politicians being bought by Lobbyists!!!!!! Lets just say if those PSC individuals that are required to live in the Atlanta Area BY LAW (needs to be changed so they can really live in the area they represent) can't figure out how to represent the people we need to BOOT THEM OUT!!!! Thee is no excuse for this MONOPOLY electric company to ask for more money just to fatten peoples pockets. I understand investment but there is a limit to what is reasonable. The fact is Natural Gas is at it's lowest cost in years...The cost cost of fuel is at a 5 year low..I just do not see how they can say the cost is justified. How about reinvesting those dollars we pay for service as it is supposed to be instead of overpaying management (CEO and others to include Wall Street) It is the cost of doing business..Make the shareholder feel this pain. They are after all investing in hopes of a return..Well fat cats..rate of return diminishes every now and then..suck it up!

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