Georgia's Public Service Commission approved a rate adjustment for Georgia Power on May 28, 2026, that will lower typical residential customer bills by about $4 a month, or roughly $285 million collectively per year. The change follows a base rate freeze the commission approved in 2025 that runs through 2028, though that freeze did not cover separate adjustments tied to fuel costs and storm recovery.
Georgia Power said the reduction was made possible in part by federal tax credits tied to nuclear power production, a reference to the company's Plant Vogtle Units 3 and 4 near Waynesboro, which became the first new nuclear reactors built in the United States in more than three decades when they entered commercial service in 2023 and 2024. The two units now supply a significant share of the power flowing to the Atlanta metro grid and the rest of the state.
Commission Chairman Jason Shaw said the adjustment offered relief to ratepayers following several years of rate increases tied to inflation and global fuel cost swings. Part of the new agreement also allows Georgia Power to purchase a larger share of coal at above-market prices to manage fuel costs, a point that drew objections from two of the panel's five commissioners during the vote. The revised rates took effect in June 2026, with Georgia Power's next fuel cost filing expected in February 2029.
Source: Rough Draft Atlanta (Capitol Beat) — https://roughdraftatlanta.com/2026/05/28/georgia-power-rate-reduction/