by Dave Williams
ATLANTA 10/1/13 — Georgia Power Co. was described Tuesday as a generous corporate citizen and a monopoly that’s too close to the state agency that decides how much profit it’s allowed to earn.
Supporters and opponents of the Atlanta-based utility’s $482 million rate increase request took turns praising and criticizing Georgia Power during a hearing before the Georgia Public Service Commission.
The company is seeking a rate hike of 6.1 percent, which would increase the average residential customer bill by $7.84 per month, to keep up with operating and maintenance costs during a time of sluggish economic growth that has cut into its sales.
Read the whole article: Atlanta Business Chronicle