Georgia Power Rates Frozen Amid Economic, Oversight Concerns

The Georgia Public Service Commission unanimously approved a plan to freeze Georgia Power's base electricity rates through at least 2028, following several years of rate increases and in response to inflation and market volatility. The freeze aims to provide stability for 2.8 million customers and support ongoing economic growth, but it excludes fuel costs and allows recovery of storm-related expenses, such as those from Hurricane Helene, in a 2026 proceeding. Critics warn that bypassing a full rate case review could limit oversight and may shift the financial burden of rapid infrastructure expansion, especially for serving new data centers and industrial users, onto ordinary customers. Some observers note that the plan could benefit commissioners seeking reelection by postponing potential rate hikes. Despite the rate freeze, customers may still experience higher bills due to other approved charges like fuel adjustments. The decision underscores the tension between affordable energy, economic development, and regulatory scrutiny in Georgia.