Georgia Power understands that energy costs are an important part of every family's budget. That’s why, every day, thousands of Georgia Power employees work to manage our business efficiently, while powering millions of Georgia homes and businesses, and making critical investments in the future of clean energy for our state.
As a regulated utility, Georgia Power is allowed by the Georgia Public Service Commission (PSC) to earn a return on investments we make on behalf of our customers. If the company exceeds its set, approved earnings band, 80% of all excess earnings are returned and applied for the direct benefit of customers.
Georgia Power’s stronger than expected performance in 2022 has resulted in excess earnings of approximately $297 million. As a result, and with the approval of the Georgia PSC in December, the company will expedite sharing of these earnings, returning $119 million directly to customers via credits on their monthly bill, with an additional $119 million to be applied to the company’s operations, thus reducing future costs for customers.
Georgia Power’s typical residential customer using 1,000-kilowatt hours per month will receive a one-time credit of approximately $23 on their March bills. Each customer’s credit will vary based on their usage last year.
Learn more at georgiapower.com/billcredit.