Georgia Power raises rates
ATLANTA, GEORGIA - Georgia Power is hiking electricity bills for its 2.4 million customers in the New Year.
The bill for an average residential household will rise more than $14 as the power company hikes its rates and charges new fees for a nuclear construction project.
Members of the Public Service Commission voted earlier this month to allow the power company to make one of its sharpest rate increases in recent years. Georgia Power executives said it was necessary to compensate for falling revenues and upgrade power plants to comply with environmental rules.
Separately, Georgia's state government is allowing the company to charge its customers for the finance costs of building two nuclear reactors near Waynesboro. The reactors have not received final federal approval.
Related News
France hopes to keep Brussels sweet with new electricity pricing scheme
PARIS - France has unveiled a new electricity pricing mechanism, hoping to defuse months of tension over energy subsidies with Brussels and its neighbors.
The strain has included a Franco-German fight over the reform of the bloc's electricity market, with Germany accusing France of wanting to subsidize its industry via artificially low energy prices, while Paris maintained it should have the right to make the most of its relatively cheap nuclear energy. That fight has now been settled.
On Tuesday, the French government presented a new mechanism — complex, and still-to-be-detailed — to bring the average price of electricity closer to €70…
