Georgia Power customers to save on bills
If you're a Georgia Power customer, expect to a see a bit of relief coming to your bill starting in April.
Company officials announced Tuesday that the typical residential customer using 1,000 kilowatt-hours per month will pay $2.70 less than expected per month in financing costs for the Plan Vogtle expansion project and Nuclear Construction Cost Recovery tariff.
What brought on the savings? Tax law changes and positive impact of the receipt of the full amount of parent guarantee payments from Toshiba.
The tax cuts will continue to be evaluated and could lead to more savings on bills.
Additionally, the Georgia Public Service Commission approved $188 million, a total of $75 each for individual customers, in bill credits as a direct result of the Toshiba parent guarantee payments. They will be distributed across three bills in 2018, but company officials did not specify when they will appear.