ATLANTA, Ga. () — The Georgia Public Service Commission (PSC) Public Interest Advocacy Staff and Georgia Power have come to an agreement where Georgia Power will not file an expected 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
agreement, Georgia Power was allowed to request another rate increase this year. The agreement filed Monday extends the 2022 agreement for another three years, leaving
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.