Georgia

Millions in Georgia Power settlements, tax breaks to be refunded to customers

ATLANTA, Ga. (WRBL/AP) - A credit is on the way for Georgia Power customers starting with their April bills.

The first of three $25 credits for the Vogtle nuclear expansion will be applied to Georgia Power customers’ bills beginning this month. $75 in total 2018 bill credits, or $188 million overall, were approved by the Georgia Public Service Commission (PSC) as part of its order to continue construction of Vogtle 3 & 4 in December 2017.

The credits are a direct result of parent guarantee payments for the project from Toshiba available due to the strength of the original contract for the project and protections in place for Georgia electric customers.

Customers will also see another $70 coming their way thanks to President Trump's federal tax reform. The $330 million Georgia Power will save from the tax break will also be broken up in increments to be distributed starting in October 2018.

WRBL News 3 also reached out to Alabama Power to see if its customers will receive tax break-related refunds. The company sent back a statement that says: "Alabama Power is reviewing the impact of the new federal tax law and is working with state regulators to ensure that benefits are passed on to our customers in an appropriate manner."

A Georgia Power press release says there's also another $700 million in customer benefits currently on hold until the Georgia Public Service Commission can evaluate Georgia Power's rates for 2019.


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