ATLANTA, Ga. () — The Public Interest Advocacy Staff of the Georgia Public Service Commission (PSC) and Georgia Power have reached a consensus where Georgia Power will forgo filing a projected 2025 Rate Case.

Instead, the company will freeze base rates at the current level for at least three years.

“This is a very big deal,” said PSC Chairman Jason Shaw. “Energy customers have seen

unprecedented inflation in the energy sector across the U.S. My fellow Commissioners

and I urged staff and Georgia Power to come to some agreement where base rates would

not increase. This is nothing but good news for Georgia Power ratepayers. I look forward

to delving into the details of this agreement as we conduct our public hearings.”

In 2022, a Georgia Power Rate Case ended with an agreement where base rates were

increased over three years. The last of those increases came in January 2025. Per that

Under the terms of the agreement, Georgia Power was permitted to seek another rate increase this year. The agreement submitted on Monday prolongs the 2022 agreement for an additional three years, resulting in

base rates at the current level.

The agreement allows Georgia Power to ensure adequate power production and to ensure

rates remain stable.

The agreement also includes provisions to continue to ensure new large-load customers

(such as data centers) cover their costs appropriately in order to protect other rate payers

from those expenses.