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Georgia PSC approves 15 percent fuel rate reduction

ATLANTA, May 17, 2016 /PRNewswire/ -- The Georgia Public Service Commission (PSC) today approved Georgia Power's plan to reduce its fuel rates by an additional 15 percent. The reduction is expected to lower the total monthly bill of the typical residential customer using 1,000 kilowatt-hours per month by approximately $4.60, beginning June 1. When combined with a previous fuel rate reduction which went into effect in January, the same Georgia Power residential customer will pay nearly $10 less in fuel costs each month.

The latest reduction is a result of the company's efficient management of its generation fleet and business and is driven by lower natural gas prices due in part to increased natural gas supplies. Due to proactive planning and a continued commitment to developing a diverse and balanced generation portfolio, Georgia Power is able to take advantage of lower natural gas prices and pass the savings along to customers.

In addition to the reduction in fuel rates, Georgia Power...