clear
Saturday May 30th, 2015 4:35AM

Georgia Power seeks rate increase

By The Associated Press
ATLANTA (AP) Georgia Power is asking the Public Service Commission for a 3 percent rate increase to cover the rising cost of buying coal and natural gas.

The company uses both materials to generate electricity.

Georgia Power's John Kraft says the rate hike will be a so-called ``pass through charge.'' He says the company is not allowed to earn any profit on the fuel charge and that the increase would be used only to recover money spent on the fuel.

If the request is approved, the average residential customer would see their bills increase by about $3 a month after June 1.

The PSC is expected to announce its decision on May 20.

© Copyright 2015 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Stocks gain as investors try to forget 2008
Investors sent stocks higher on the final trading session of the year, capping the worst showing for the Dow in nearly eight decades.
5:44PM ( 6 years ago )
New filings for jobless benefits drop below 500K
The government says the number of newly laid off workers signing up for unemployment benefits fell sharply last week. However, those continuing to draw aid climbed to the highest level since 1982.
10:06AM ( 6 years ago )
Dow chalks up triple-digit gain
Stocks gained ground as investors embraced word that the government was providing a financial lifeline to GMAC Financial Services.
4:40PM ( 6 years ago )
Business News
Cleveland GBI offices evacuated after gas leak
A propane gas leak at the Georgia Bureau of Investigation office south of Cleveland Wednesday forced the evacuation of the GBI office and laboratory.
4:38PM ( 6 years ago )
Gainesville INK kids bring in 2009 early
Children at Gainesville's Interactive Neighborhood for Kids (INK) had a New Year's Eve celebration all their own Wednesday.
1:53PM ( 6 years ago )
Tires burn, create smoke in East Hall
Hall County firefighters and Georgia Forestry personnel battled a woods fire in East Hall Tuesday that included a pile of tires around 4:30 p.m.
11:36AM ( 6 years ago )
Local/State News
GSP: DUI drugs cited in wreck with church bus
A wreck that injured more than a dozen people aboard a church bus near Toccoa Thursday night is being blamed on a driver who allegedly was under the influence of drugs.
11:38PM ( 4 hours ago )
One killed, another injured in Cumming car accident
One person was killed and another seriously injured early Friday evening in a two-vehicle collision in Forsyth County.
9:49PM ( 6 hours ago )
Five injured after pedestrian enters Sardis Rd
Charges are pending against a pedestrian who reportedly caused a car accident on Sardis Road in Hall County.
5:52PM ( 10 hours ago )
Father: Woman shot by sheriff told Gwinnett police it was an accident
The woman who was shot and critically wounded by a Georgia sheriff told a detective the shooting was an accident that happened while they were practicing self-defense tactics in an empty model home in Gwinnett County, her father said Friday.
3:52PM ( 12 hours ago )
Falcon LB wanted for Aggravated Animal Cruelty
Atlanta Falcons linebacker Prince Shembo is wanted by Gwinnett County Police.
3:51PM ( 12 hours ago )