ALBANY, GA (WALB) – Georgia Power customers get ready; your bill is about to increase by 10%.
Georgia Power's rate hike goes into effect this month. The company says the increase will bring in an additional $562 Million in revenue. Ga. Power says it needs the money to off-set the costs it's taken on in improving service and meeting regulations.
"Costs have gone up significantly in the last three years," said Georgia Power's Jay Smith. "Like I said, we have spent a lot of money on environmental controls that have been mandated both at the federal level and the state level and it's just the cost of doing business."
While costs have increased for the company, they've also made huge cuts in the past three years, cutting the workforce by 600. Georgia Power customers will pay about $16 a month more for electricity.
Albany Water, Gas, and Light customers last saw a rate increase in July, but it was much smaller, at two percent.
The electric rate for the utility is still about three cents less per kilowatt hour.