Georgia Power customers will catch a break on their electric bills starting next month.
The Georgia Public Service Commission unanimously approved a plan to lower overall rates, saving customers an average of $4.04 a month or about $50 a year. The rate decrease goes into effect in June, just as summer heat typically drives up energy use.
"Today's vote by the Georgia PSC will bring lower rates and real savings for Georgia families and businesses as the heat of summer begins and energy use increases," said Georgia Power CFO Tyler Cook.
The rate adjustment was part of two filings the utility submitted earlier this year to recover fuel costs for operating power plants and costs from storm restoration. Georgia Power's storm reserve is currently under-recovered by $912 million, with nearly $800 million stemming from Hurricane Helene damage in 2024, which the company describes as the most destructive storm in its history.
The utility plans to recover those storm costs over the next four years while still delivering the immediate rate relief.