Georgia Power raises rates
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
New clean energy investment in developing nations slipped sharply last year: report
BEIJING - New clean energy investment slid by more than a fifth in developing countries last year due to a slowdown in China, while the amount of coal-fired power generation jumped to a new high, a recent annual survey showed.
Bloomberg New Energy Finance (BNEF) surveyed 104 emerging markets and found that developing nations were moving towards cleaner power sources, but not fast enough to limit carbon dioxide emissions or the effects of climate change.
New investment in wind, solar and other clean energy projects dropped to $133 billion last year from $169 billion a year earlier, mainly due to a slump…
