Georgia Power Files for 1% Summer Rate Cut

Fuel savings would more than offset $912M in storm repairs, leaving customers with lower monthly bills.

Published on Feb. 19, 2026

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Georgia Power has filed two cases with the Georgia Public Service Commission (PSC) - one to recover fuel costs and another to recover storm restoration costs. The cumulative effect of the filings will result in an overall 1% rate decrease for customers beginning this summer if approved by the PSC. The fuel savings would more than offset the $912 million in storm repair costs, leading to a $1.32 monthly savings for the typical residential customer using 1,000 kWh per month.

Why it matters

This filing highlights Georgia Power's efforts to manage costs and provide affordable electricity to its 2.8 million customers across Georgia. While electricity rates are rising in other parts of the country, Georgia Power is working to keep costs down through strategic fuel planning and efficient storm response, demonstrating its commitment to delivering reliable and affordable power.

The details

Georgia Power's two filings with the Georgia PSC aim to recover fuel costs and storm restoration costs. The fuel cost filing requests to recover the cost of coal and natural gas to operate power generation plants, while the storm cost filing seeks to recover $912 million in costs from Hurricane Helene in 2024, the most destructive storm in the company's history. Despite this historic damage, Georgia Power was able to quickly restore power to millions of customers.

  • The filings were made on February 17, 2026.
  • If approved, the rate decrease would take effect beginning in June 2026.

The players

Georgia Power

The largest electric subsidiary of Southern Company, serving 2.8 million customers in Georgia.

Georgia Public Service Commission (PSC)

The state regulatory agency that will review and approve the filings from Georgia Power.

Tyler Cook

CFO and treasurer for Georgia Power.

Hurricane Helene

The most destructive storm in Georgia Power's history, causing $912 million in damage in 2024.

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What they’re saying

“Delivering reliable and affordable electricity to millions of Georgia homes and businesses requires prudent management and planning at every level, every day.”

— Tyler Cook, CFO and treasurer (stocktitan.net)

What’s next

The Georgia PSC will review the filings through its established process, including input from various intervenors, in the coming months. If approved, the rate decrease would take effect beginning in June 2026.

The takeaway

Georgia Power's proactive approach to managing fuel costs and storm response has allowed the company to provide savings to its customers, even in the face of rising electricity rates and increasing pressure on power systems nationwide. This demonstrates the company's commitment to delivering affordable and reliable energy to Georgians.