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Tuesday, April 29, 2008

Georgia Power to ask for rate hike

Georgia Power wants a three-percent rate increase to cover its rising cost of buying coal and natural gas. The company will take its request to the Public Service Commission. A Georgia Power spokesman says the request is for a "pass through charge"--a non-profit charge only used to recover additional money spent on fuel. If the rate hike request is approved, the average residential customer would see bills go up by about three-dollars a month after June 1st. The PSC will have a decision on May 20th.

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