It’s the annual Georgia Power rate hike, blaming everything
except coal and nukes.
Georgia Power PR 28 June 2013,
Georgia Power seeks cost recovery for infrastructure investments,
Georgia Power today asked the Georgia Public Service Commission
(PSC) for permission to increase its base rates approximately $482
million, or 6.1 percent. The request is being made to allow the
company to recover the costs of recent and future investments in
infrastructure —including environmental controls, transmission
and distribution, generation, and smart grid technologies —
required in order to maintain high levels of reliability and
superior customer service.
The proposed change in rates would be effective Jan. 1, 2014.
What a coincidence!
One year to the month after
the last rate hike.
blaming “smart grid technologies, environmental controls”, etc.
Much more likely, this has to do with
the recent downgrades of Georgia Power’s parent the Southern Company,
and those were for coal and nukes.
As Adam Smith said two centuries ago,
“utilities levy an absurd tax upon the rest of their fellow citizens”.