Georgia Power announces 12% rate hike for customers starting in June.
Georgia Power, the utility giant, will increase prices by 12% starting in June, citing rising fuel costs. The increase will result in an average monthly bill of $147.50, up from $131.60. The company will collect an additional $6.6 billion from its nearly 3 million customers over the next three years. Georgia Power will also raise fuel cost discounts for low-income senior citizens from $6 to $9.50 a month. The company recommends energy-efficient practices to help customers save on their bills and offers energy assistance programs for those struggling to make payments.