Georgia Power raises rates - WALB.com, Albany News, Weather, Sports

Georgia Power raises rates

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December 21, 2004

Albany- Tuesday, the Public Service Commission approved a 4.2% increase for the power company, the hike is less than the 6 % the company was asking for.

Posh Salon owner Bob Richards is a Georgia Power customer and nearly everything in his shop uses electricity. He says the rate increase is hard to swallow, because he can't shop around for another supplier.

"Your cellular phones you've got competition in that and also with your cable business you have competition in that, and if we had just a little more competition with our Water, Gas and Light services then maybe that 6% might regress," says Richards. 

The three-year rate hike is expected to increase Georgia Power revenue by $194 million and will raise the average customer's bill by $3.10 a month.

Posted at 5:35 PM by elaine.armstrong@walb.com