Georgia Power’s proposed $1 billion rate hike panned at two days of hearings

摘要

Georgia Power’s proposal to increase its base rates by a total nof $1 billion over a 25-month period starting in January was nnearly universally condemned during two days of hearings in nAtlanta last week.nThe rate hike, which Georgia Power proposed in July (EUW, n5 July, 26), is controversial for several reasons, chief among nthem the request for a 11.95% allowed rate of return on equity. nAnother lightning rod is a proposal to allow annual adjustments nto rates without the benefit of full-blown rate cases. .