Georgia Power requests funding to support essential, critical investments in electric grid trustability, cleanser and further provident energy coffers and better client experience

Georgia Power requests funding to support essential, critical investments in electric grid trustability, cleanser and further provident energy coffers and better client experience

Georgia Power moment filed a request with the Georgia Public Service Commission( PSC) that would enable the company to continue making investments in strengthening and farther securing the electric grid, transubstantiating its power generation to include cleaner and further provident energy coffers and continue perfecting the client experience.

Georgia Power totem.( PRNewsFoto/ Georgia Power)

” We take our responsibility to plan, prepare and make the investments demanded to meet our guests’ energy requirements moment, hereafter and for times to come seriously, and Georgia Power’s request to the Georgia Public Service Commission moment outlines and supports that focus,” said Chris Womack, president, chairman and CEO of Georgia Power.” As our state continues to grow and the energy geography fleetly evolves, we fete and admire our guests’ focus on the trustability and resiliency of Georgia’s electric system, the expansion of our clean energy coffers and Georgia Power’s continued capability to safely and reliably meet their energy requirements. This request reinforces our commitment to meeting those requirements while continuing to give clean, safe, dependable and affordable energy for generations of Georgians.”

The request supports Georgia Power’s focus on the following

Strengthening the electric grid through investments in the company’s transmission and distribution systems and the durability of its Grid Investment Plan( GIP) to support guests’ long- term trustability and resiliency requirements. numerous of these investments are needed to cover the trustability and resiliency of our electric grid.
Transforming how it makes energy, including the continued transition of the company’s power generation to cleaner and further provident coffers for guests, including renewables similar as solar.
Enhancing operations and perfecting client experience through investments in technology that will help enable Georgia Power to continue delivering exceptional service to guests while meeting their evolving energy requirements.
still, client rates would increase a aggregate of just under 12 over the coming three times, which is lower than the current projected rate of affectation, If approved. As outlined in the form, the typical domestic client using,000 kilowatthours per month would see an increase of$14.32 per month on their bill in 2023,$1.35 per month in 2024 and$0.62 per month in 2025, for a total increase of$16.29 over the three- time period. The company has helped neutralize the rising cost of doing business through reduced operating costs, managing storm cost recovery and making smart backing opinions.
Strengthening the Electric Grid

Georgia Power is continuously investing in the power grid to make it smarter and further dependable, and moment’s form looks to continue those sweats. The company is seeking to make upon its ongoing investments in its transmission and distribution system to further give safe, dependable and secure electric service to its guests. Over the coming three times, the company expects to invest nearly$ 7 billion further in transmission and distribution advancements, including$2.2 billion in the company’s on- goingmulti-year GIP.
Over the last ten times, Georgia Power has invested nearly$ 10 billion to strengthen the trustability and resiliency of its network for the benefit of the communities and people it serves. This quantum includes roughly$4.9 billion invested in transmission and distribution structure since January 2020 and projected through December 2022, of which$1.5 billion relates to the company’s GIP. exemplifications of critical investments the company has made and look to continue include

planting advanced control and monitoring technologies, including fresh tone- mending distribution networks, to enhance the company’s capability to sectionalize corridor of the electric grid to insulate issues and reroute power to serve guests;
replacing framing tackle to ameliorate sequestration situations and cover outfit; and
enhancing substations, replacing mills and moving powerlines underground.
These investments have bettered trustability, reduced both the number and duration of outages, minimized form time and contributed to a better client experience. The investments proposed in this request are a durability of these advancements that have increased trustability.

Investing in Renewables and Cleaner Energy coffers

As presented in the company’s 2022 Integrated Resource Plan( IRP) filed before this time, Georgia Power is looking to continue transubstantiating how it produces energy, transitioning its power generation line to further provident and cleaner generation coffers that will produce significant, long- term benefits for guests. The company is planting new and expanded coffers in solar, wind, hydro and energy storehouse to continue reducing carbon emigration. This rate request would support that metamorphosis and the proposed withdrawal of roughly,600 megawatts( MW) of coal- and oil painting- fired generation by 2028, replacing it with further provident generation and supporting investment in the transmission structure necessary to grease the uninterrupted growth of renewables and to give guests access to these lower cost and lower- carbon emitting coffers.

To support the transition, Georgia Power will continue serving guests with a different, balanced generation line of dependable, flexible and provident coffers, which includes adding cost-effective renewable coffers. Working within the state’s formative nonsupervisory frame, Georgia Power has continued developing renewable coffers in a way that benefits guests, situating the company as a public leader in renewable energy growth. Georgia Power presently has one of the largest voluntary renewable portfolios in the country, with further than,100 MW of renewable coffers formerly online and an fresh,400 MW under development. The company is also planning to double its renewable generation by adding,000 MW by 2035, which includes a request for blessing of,300 MW * in its 2022 IRP. This new capacity would expand the company’s renewable resource portfolio to roughly,500 MW by 2035.

The addition of these renewable coffers and the withdrawal of uneconomic coal- and oil painting- fired units will enable Georgia Power to continue to operate its generation line efficiently, reliably and affordably for guests. To read further about Georgia Power’s energy plans for the future, visitwww.GeorgiaPower.com/IRP.

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