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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The biggest problem facing the U.S. electric grid isn't demand. It's climate change
NEW YORK - The power grid in the U.S. is aging and already struggling to meet current demand. It faces a future with more people — people who drive more electric cars and heat homes with more electric furnaces.
Alice Hill says that's not even the biggest problem the country's electricity infrastructure faces.
"Everything that we've built, including the electric grid, assumed a stable climate," she says. "It looked to the extremes of the past — how high the seas got, how high the winds got, the heat."
Hill is an energy and environment expert at the Council on Foreign Relations. She served…
