Georgia Power Co.’s message to regulators Nov. 29 was clear: Despite attacks that its proposed 12% rate hike is padded with profit, unneeded spending and consumer harm, the utility still wants $2.9 billion more over the next three years.
Georgia Power Chief Financial Officer Aaron Abramowitz testified before the Public Service Commission that hurting the company’s finances would ultimately hurt the company’s 2.7 million customers.
“Many of the recommendations made by parties in this case would cause direct harm to customers by turning a well-designed and balanced regulatory structure currently in place on its head, ultimately undermining the financial health of Georgia Power,” he said.
