Georgia Power’s Rate Freeze Masks Looming Risks for Georgia Consumers

In a move that appears customer-friendly on the surface, Georgia’s Public Service Commission has approved a plan to freeze base power rates through 2028. Yet, beneath the applause lies a troubling picture of deferred costs and potentially higher bills waiting in the shadows. The unanimous vote by the five Republican commissioners may seem like a win for consumers, but closer inspection reveals how Georgia Power is maneuvering to protect its hefty profits while leaving ratepayers vulnerable down the line. Rate Freeze – A Temporary Facade The promise of stable rates is certainly welcome news amidst rising energy costs nationwide. Commissioner...