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.
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Europe to Weigh Emergency Measures to Limit Electricity Prices
PARIS - The European Union should consider emergency measures in the coming weeks that could include temporary limits on electricity prices, European Commission President Ursula von der Leyen told leaders at an EU summit in Versailles.
The reference to the possible measures was contained in a slide deck Ms. von der Leyen used to discuss efforts to curb the EU’s reliance on Russian energy imports, which last year accounted for about 40% of its natural-gas consumption. The slides were posted to Ms. von der Leyen’s Twitter account.
Russia’s invasion of Ukraine has highlighted the vulnerability of Europe’s energy supplies and raised fears…
