Southern Company's Georgia Power Freezes Base Rates Through 2028

Key Takeaways SO's Georgia Power will keep base electricity rates stable for customers through 2028. The rate freeze follows five hikes since 2023, which raised bills by over $43 per month. Storm-related recovery costs will be reviewed separately in a 2026 regulatory proceeding.The Southern Company’s (SO) subsidiary, Georgia Power, recently announced the approval of the stable and predictable base rates by the Georgia Public Service Commission (“PSC”) through the end of 2028. The decision stems from a sti ...