Georgia Power customers to see $21 reduction on June bills
Georgia Power customers to see $21 reduction on June bills One-time credit of $11.29 and fuel cost reduction of $10.26 combine for early summer savings |
[01-June-2020] |
ATLANTA, June 1, 2020 /PRNewswire/ -- Georgia Power today announced that the typical residential customer using 1,000-kilowatt hours will receive an $11.29 credit on their June Georgia Power bill. This reflects implementation of a one-time $51.5 million credit for customers, approved by the Georgia Public Service Commission (PSC), as a result of Georgia Power's 2018 financial results. Pairing the June credit with new, lower fuel rates recently announced, the typical residential customer would see a reduction of $21.55 in June. The amount each customer receives will vary based on their 2018 usage. Georgia Power will apply the credit to June bills for customers who had active accounts as of December 31, 2018, and are still active or receiving a final bill as of June 2020. Fuel rate lowered 17.2 percent The reduction in the company's fuel rate is driven primarily by lower natural gas prices as a result of increased natural gas supplies, which the company is able to take advantage of to benefit customers due to its diverse generation sources. February bill credit due to tax law savings To learn more about how Georgia Power delivers rates below the national average, cultivates a diverse energy mix to ensure reliable and affordable power, as well as free energy services and programs available for customers, visit www.georgiapower.com. About Georgia Power View original content to download multimedia:http://www.prnewswire.com/news-releases/georgia-power-customers-to-see-21-reduction-on-june-bills-301068601.html SOURCE Georgia Power | ||
Company Codes: NYSE:SO |
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