Connect with us

Georgia

‘Very disturbed’: Georgia Power customers see higher bills as parent company reports $400M profit increase

Published

on

‘Very disturbed’: Georgia Power customers see higher bills as parent company reports 0M profit increase


ATLANTA, Ga. (Atlanta News First) – This week, Southern Company reported 2024 earnings of $4.4 billion, a $400 million or 10 percent increase from 2023.

“The hard work and dedication of our team members across our company made 2024 an outstanding year for Southern Company,” said Christopher C. Womack, company president, in a release on Thursday.

The profit announcement comes as Georgia Power customers endure their sixth energy rate increase since 2023.

“I’m very disturbed by it,” said Patty Durand, energy advocate with Cool Planet Solutions.

Advertisement

“Customers are definitely paying for these profits. It’s a direct link,” said Durand in an interview with Atlanta News First on Friday. “Every time the rates increase, profits increase, and that means their stock price increases. It is a direct transfer of wealth from the middle and lower incomes of Georgians to the executive suite at Southern Company.”

The energy rate increases were approved by the Georgia Public Service Commission (PSC), the regulatory board made up of five elected officials, who are currently all Republicans.

Georgia Power said the increase in energy rates are to help fund Plant Vogtle and regular maintenance to the energy grid statewide.

According to Georgia Power’s website, more than 90 percent of its revenue is from state-regulated utilities.

“It’s important to note, in Georgia, under regulation from the Georgia Public Service Commission, Georgia Power’s earnings are capped. So that acts to limit and helps protect our customers, and that’s what we work for,” said John Kraft, spokesperson for Georgia Power.

Advertisement

Kraft pointed to a series of bill relief efforts by Georgia Power to help assist seniors or those on a fixed or low income.

The Public Service Commission set Georgia Power’s return on equity (ROE), the portion of revenue that a utility company can keep as profit, at 11.9 percent.

Kraft said should the company make more than 11.9 percent, customers are eligible for rebates on their power bills.

He said that threshold was not met in 2024.

“Our job as financial regulators is to make sure Georgia Power is successful enough to build and operate a grid that is second to none – including nuclear, solar and battery storage,” said Tim Echols, a Public Service Commissioner, in a text to Atlanta News First on Friday.

Advertisement

“The profits of the Southern Company and stellar reputation they have in the industry and on Wall Street help them provide Georgia with a state-of-the-art system that attracts new business and industry. I want Georgia Power to be an industry leader, and their profitability and success allow that to happen. Georgia is better off with a well-funded utility than with a utility that has gone bankrupt twice – as they have in California,” Echols said.

Critics, though, claim the Georgia Public Service Commission is not doing enough to advocate on behalf of customers.

“The utility has to be better managed by regulators who care about costs,” Durand said.

Durand also stressed the board should instruct Georgia Power to better use its energy grid. She believes customers are paying too much for a grid that is not appropriately utilized.

Durand pointed to a recent report by electrical engineer Alden Hathaway, who found that Georgia Power used roughly 40 percent of its energy grid in 2024, or what he describes as having a load factor of 40 percent.

Advertisement

He said the average U.S. state has a load factor of 50-60 percent, or uses roughly 60 percent of its energy grid.

In 2023 data from the U.S. Energy Information Administration, Georgia generated 129,221,513 megawatt hours of energy.

At the peak summer capacity, Georgia produced 37,786 megawatts of energy in the summer of 2023, or 331,005,350 megawatt hours of energy – if it were sustained for an entire year.

Hathaway said this represents the peak annual capacity for Georgia.

After dividing the net energy generated, 139,221,513, by the peak capacity, 331,005,350, Hathaway said Georgia had a load factor of 42.06%.

Advertisement

Hathaway testified before the Public Service Commission in 2022 as it was weighing a series of rate increases proposed by Georgia Power.

The board approved those rate increases, which went into effect in 2023, 2024, and 2025.

The Georgia legislature is currently considering SB 94, which would add a consumer utility counsel to represent consumers in matters before the PSC.

Georgia Power just released its 2025 Integrated Resource Plan, which will dictate how the company provides power for the next three years.

The PSC will soon hold a series of hearings, during which the public can weigh in on the plan. The first meeting is March 25.

Advertisement



Source link

Georgia

Democrats block local property tax referendums as Georgia lawmakers clash over affordability  – The Current

Published

on

Democrats block local property tax referendums as Georgia lawmakers clash over affordability  – The Current


House Republicans are attempting to pass a wave of local property tax measures during an ongoing special session that would allow communities to vote on whether to raise their sales taxes to give homeowners a tax break. 

But Democrats have so far successfully blocked the effort, stymying GOP lawmakers from putting the question before voters this November. They argue the change represents a new tax that shifts the burden of paying for local services from homeowners to lower income Georgians – and they question the rush to put it before voters this year. 

An attempt to pass dozens of local property tax measures failed Saturday in both the House and Senate, but Republicans say they aren’t giving up. Lawmakers will be back Monday for a special session that has no set end date. 

“We still have a chance to get this right,” said Rep. Shaw Blackmon, a Bonaire Republican who has led the House GOP’s efforts to target local property taxes. 

Advertisement

House Republican leaders have prioritized property tax relief this year, saying it is needed to curb rising property taxes and help people who are struggling to stay in their homes. They unsuccessfully pushed to eliminate local property taxes statewide earlier this year, instead settling for a last-minute compromise that Democrats say is unconstitutional because of how it was passed. 

The ongoing special session was originally called to redraw Georgia’s political maps – although those redistricting plans were abandoned – and to address a looming deadline for the state to stop using ballot QR codes to count votes. Gov. Brian Kemp later opened the door for lawmakers to tee up local property tax referendums.  House Majority Chuck Efstration and other House Republicans criticized Democrats for voting against local property tax measures Saturday. Jill Nolin/Georgia Recorder

Dozens of referendums are in the works for communities all across the state, from Fannin County in north Georgia to Lowndes County in south Georgia. 

“We missed an opportunity to help our neighbors today,” said Rep. Gerald Greene, a Cuthbert Republican who had sponsored several tax referendums for south Georgia communities. 

Republicans control both chambers of the Legislature, but since the measures involve homestead exemptions, they need two-thirds support to pass. That means Democratic votes are needed in both chambers. 

Advertisement

“Today what we witnessed once again was Republicans cosplaying a care for affordability in this state,” said Rep. Tanya Miller, an Atlanta Democrat who chairs the minority caucus and is the party’s nominee for attorney general. 

“What they are trying to do is a bait and switch. What they propose today was nothing more than a tax increase on the people who are already hit the hardest,” she said, referring to the sales tax. 

Republicans criticized Democrats for denying communities a chance to decide for themselves whether to lean more on sales tax revenue to offset property taxes on homeowners. 

“This bill is very simple. It’s giving voters the chance to vote to lower their property taxes. Give voters that chance to do that,” said Rep. Scott Hilton, a Peachtree Corners Republican. 

“I believe the minority party deep down knows this would overwhelmingly pass if put on the ballot, but voters are being denied that chance right now, denied the chance to have a more affordable life, to be able to afford their home, to stay in their homes,” he added. 

Advertisement

House Minority Leader Carolyn Hugley, a Columbus Democrat, said GOP leaders are manufacturing a crisis by pursuing the tax measures during the special session instead of waiting until lawmakers return for their regular session in January.  

She framed the proposed local tax referendums as a GOP ploy to turn out conservative voters in November. 

“There is no reason for us to rush through this,” Hugley said. “The other thing is that you’re asking people to raise a sales tax on themselves so that homeowners can get a relief. You’re picking winners and losers, and that’s not what we should be doing here.”

Georgia Recorder is part of States Newsroom, a nonprofit news network supported by grants and a coalition of donors as a 501c(3) public charity.

Advertisement

Type of Story: News

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources.





Source link

Continue Reading

Georgia

2 Georgia lake towns named among the South’s best places to live

Published

on

2 Georgia lake towns named among the South’s best places to live


play

Two Georgia destinations have landed on a new list highlighting some of the South’s best lake communities for year-round living.

In a recent feature, Southern Living asked real estate professionals across the region to identify Southern lake towns that offer a strong mix of natural beauty, community amenities and full-time residential appeal.

Advertisement

Among the eight communities selected were Greensboro and Clayton.

Best lake towns in Georgia

Greensboro, located along Lake Oconee, was recognized for offering residents a blend of lake living and small-town charm.

According to experts interviewed by Southern Living, the area combines boating, fishing and outdoor recreation with golf courses, restaurants and a historic downtown district.

Real estate professionals also pointed to continued residential growth and a range of housing options, from cottages and condominiums to luxury waterfront properties.

Advertisement

Farther north, Clayton was highlighted as a gateway to several popular North Georgia lakes.

While not directly located on a lake, the mountain community provides access to Lake Burton, Lake Rabun, Seed Lake and Tallulah Falls Lake.

Southern Living noted that Clayton’s location in the Southern Appalachian foothills gives residents easy access to outdoor recreation while still offering restaurants, shops and other amenities in town.

Which Southern lake towns made the list?

Southern Living’s list included:

Advertisement

  • Greensboro, GA
  • Clayton, GA
  • Seneca, SC
  • Hot Springs, AR
  • Chapin, SC
  • Guntersville, AL
  • Dandridge, TN
  • Cornelius, NC

The feature focused on communities that combine lake access, outdoor recreation, local amenities and year-round livability, according to Southern Living.

For more information, visit southernliving.com/southern-lake-towns-to-live-in-year-round-11983242.

Vanessa Johns is the Trending Topics Reporter for the Deep South Connect Team Georgia, covering food and entertainment. Email her at Vcountryman@gannett.com.



Source link

Advertisement
Continue Reading

Georgia

Georgia farmers on alert as New World Screwworm confirmed in Texas, New Mexico

Published

on

Georgia farmers on alert as New World Screwworm confirmed in Texas, New Mexico


SCREVEN COUNTY, Ga. (WTOC) – A parasite not seen in the United States since the 1960s is making a comeback, and Georgia cattle producers are watching closely.

The New World Screwworm has been confirmed in Texas and New Mexico, raising alarms across the South. The pest — eradicated in the U.S. more than 60 years ago and driven all the way to Panama — has been working its way back north through Mexico.

Screven County cattle producer Lindy Sheppard says he learned about screwworm in agriculture college and heard stories from his father, who dealt with the parasite in the 1950s and ’60s.

“I never thought I would have to deal with it,” said Sheppard.

Advertisement

Now, with confirmed cases edging closer to Georgia, Sheppard isn’t so sure.

“We hope they keep it on that side of the Mississippi River,” he said. “We don’t want it over here.”

How screwworm spreads

The New World Screwworm spreads through flies whose larvae burrow into the open wounds of living animals. Livestock, horses, pets and wildlife are all at risk. Newborn cattle are especially vulnerable; their exposed navel cords provide an entry point for flies.

Sheppard says calving season, which begins as early as late August in Georgia, is his biggest concern.

“When we start calving in late August, September, because the navel cords are so exposed. That’s a red flag in my mind that it could be a real problem when we start calving this fall,” he said.

Advertisement

Georgia’s response

The Georgia Department of Agriculture is already taking action. Officials are monitoring livestock movement into and out of the state around the clock and have prepared traps ready to deploy if needed.

Georgia Agriculture Commissioner Tyler Harper said the state is stepping up protocol checks on all animals entering Georgia.

Sheppard says he is confident in the state’s leadership.

“We’ve got Tyler Harper, our commissioner of agriculture. He’s all over it,” Sheppard said. “I feel like they’re doing everything they can. I really do.”

Economic concerns

The screwworm threat comes as Georgia’s cattle industry is already under significant pressure. Rising costs, shrinking profit margins, dwindling access to markets and an aging workforce have pushed many farmers to the brink.

Advertisement

Sheppard, 65, notes the average age of a cattle farmer is 58, and says screwworm could be the breaking point for some.

“We’re losing cattle in this state anyway, so that may accelerate it,” he said. “It might be the straw that breaks the camel’s back, it sure might. It makes them go ahead and sell all of the cattle.”

The USDA has allocated $100 million toward screwworm eradication efforts. In South Texas, federal officials are already releasing sterile flies, the same method used to eradicate the parasite in the 1960s.

Food supply not at risk

Despite the growing concern, both Sheppard and state officials say the food supply is not in danger.

“It does not affect the food supply,” Sheppard said. “The quality of the food has nothing to do with it… it only really affects those of us here producing it. And we just have to manage it the best we can.”

Advertisement

What to do if you suspect screwworm

The Georgia Department of Agriculture is urging farmers and pet owners to report any signs of screwworm immediately, including unusual wounds, maggots or strange behavior in livestock or animals.

To report a suspected case, contact the Office of the State Veterinarian:

  • Phone: 404-656-3667
  • Email: AnimalHealth@agr.georgia.gov

Copyright 2026 WTOC. All rights reserved.



Source link

Continue Reading
Advertisement

Trending