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Agency appears To take a place almost $7 invoiceion in transmission, distrihoweverion over The subsequent three yrs

Fundings assist transition amethod from coal, doubling renewable and photo voltaic power period

ATLANTA, June 24, 2022 /PRNewswire/ — Georgia Energy right now filed a request with the Georgia Public Service Fee (PSC) Which might allow The company to proceed making investments in strengthening and further securing The electricalal grid, transforming its power period To incompany clearer and extra economical power assets and proceed enhancing The client expertise. 

“We take our obligation to plan, put together and make the investments Desired to fulfill our buyers’ power wants right now, tomorrow and for yrs To return critically, and Georgia Energy’s request to the Georgia Public Service Fee right now outlines and assists that focus,” said Chris Womack, chairman, president and CEO of Georgia Energy. “As our state proceeds to develop and the power panorama quickly evolves, we acknowledge and respect our buyers’ Think about the relicapability and resiliency of Georgia’s electrical system, the enlargement of our clear power assets and Georgia Energy’s proceedd capability To shieldedly and reliably meet their power wants. This request reinforces our dedication To fulfilling these wants whereas persevering with To current clear, shielded, reliable And pretty worthd power for durations of Georgians.”

The request assists Georgia Energy’s Think about The subsequent: 

  • Strengthening The electricalal grid by way of investments Inside The company’s transmission and distrihoweverion methods and the continuation of its Grid Funding Plan (GIP) to assist buyers’ prolonged-time period relicapability and resiliency wants. Lots of these investments are required To shield the relicapability and resiliency of our electrical grid.
  • Transforming The biggest method it makes power, collectively with the proceedd transition of The company’s power period to clearer and extra economical assets For patrons, collectively with renewables Similar to photo voltaic.
  • Enhancing opperiodtions and enhancing buyer expertise by way of investments in know-how Which will assist allow Georgia Energy to proceed shiping distinctive service to buyers whereas meeting their evolving power wants. 

If accredited, buyer prices would enhance An complete of Barely under 12% over The subsequent three yrs, which is decrease than The current projected price of inflation. As outlined Inside the submitting, The regular residential buyer using 1,000 kilowatthours Per thirty days would see An enhance of $14.32 Per thirty days on their invoice in 2023, $1.35 Per thirty days in 2024 and $0.62 Per thirty days in 2025, for An complete enhance of $16.29 over the three-yr interval. The company has assisted offset the rising value of doing enterprise by way of scale againd working prices, managing storm value restoration and making smart financing selections.

Strengthening the Electric Grid

Georgia Energy Is persistently investing Inside The power grid to make it smarter and extra reliable, and right now’s submitting appears to proceed these efforts. The company is looking for To assemble upon its ongoing investments in its transmission and distrihoweverion system to further current shielded, reliable and safe electrical service to its buyers. Over The subsequent three yrs, The company expects To take a place almost $7 invoiceion extra in transmission and distrihoweverion enhancements, collectively with $2.2 invoiceion Inside The company’s on-going multi-yr GIP. 

Over the previous ten yrs, Georgia Energy has invested almost $10 invoiceion to strengthen the relicapability and resiliency of its community for The Benefit of the communities And fullly different people it serves. This quantity Consists of roughly $4.9 invoiceion invested in transmission and distrihoweverion infrastructure since January 2020 and projected by way of December 2022, of which $1.5 invoiceion Pertains to The company’s GIP. Examples of essential investments The company has made and look to proceed embrace:

  • deploying superior administration and monitoring utilized sciences, collectively with further self-thperiodpeutic distrihoweverion communitys, To reinforce The company’s capability to sectionalize parts of The electricalal grid to isolate factors and reroute power to serve buyers;
  • changing framing hardware To enhance insulation ranges and shield gear; and
  • enhancing substations, changing transformers and shifting powerlines beneathground. 

These investments have enhanced relicapability, scale againd each the quantity and interval of outages, minimized restore time and contrihowevered to A greater buyer expertise. The investments proposed On this request are a continuation Of these …….

Source: https://www.prnewswire.com/news-releases/georgia-power-requests-funding-to-support-essential-critical-investments-in-electric-grid-reliability-cleaner-and-more-economical-energy-resources-and-better-customer-experience-301574837.html

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