Refunds, Credits & Savings

Georgia Power works every day to deliver world-class customer service and keep customers’ bills as low as possible. Over the past several months, the company has announced a variety of refunds, credits and savings due to a variety of factors, such as the Toshiba parent guarantee payment for the Vogtle nuclear project, reduced taxes from recent tax reforms, lower financing costs on the Vogtle project and an earnings refund based on strong 2016 performance. Check out this chart which illustrates the impact for the typical residential customer using 1,000 kilowatt hours per month in 2018 and in the coming years.

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Toshiba-Vogtle Nuclear Expansion Credits

Customer credits due to payments from Toshiba for the Vogtle nuclear expansion. Credits will appear on 2018 bills as the Vogtle Settlement Refund. All customers will receive the same credit regardless of usage.

$25 Apr. + $25 Jul. + $25 Sep.

$75

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Tax Cuts and Jobs Act Refunds

The typical residential customer* could receive three separate refunds over the next two years.

$27 Oct. 2018 + $20 Jun. 2019 + $22 Feb. 2020

$69

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Nuclear Construction Cost Recovery Savings

The typical residential customer can expect to pay approximately $9 less in financing costs for the Vogtle nuclear expansion in 2018 than 2017.

$9

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2016 Customer Refund

As a regulated utility, Georgia Power is allowed the opportunity to earn a return on equity within a set range each year. In March 2018, Georgia Power issued $43.6 million in refunds for customers due to the company’s higher earnings in 2016.*

$9.50

Total Refunds, Credits and Savings $162.50

*All refunds, credits and savings are estimates as of May 2018 based on the typical residential customer using 1,000 kilowatt-hours per month. 

Actual amounts may be more or less based on the individual customer.  All refunds will be issued as Georgia Power bill credits.


Second Toshiba-Vogtle credit to be included in July bill

Customers to see benefits through credits and refunds on bills through 2018.

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