ATLANTA (AP) – Georgia Power wants to reduce the price of electricity because the cost of fuel has dropped.
The Southern Co. subsidiary told regulators Tuesday it’s seeking to reduce fuel rates by roughly 11 percent, or $268 million annually.
Company officials say the request was primarily driven by lower natural gas prices.
By law, Georgia Power passes along its fuel costs to customers.
The Public Service Commission must approve the change, a decision that could come in mid-December. The new rates would be effective starting Jan. 1.
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