Georgia Power files plan to raise rates, build infrastructure

Georgia Power Co., a unit of Southern Co., Atlanta, said it is seeking a 7.5% rate increase spread over 5 years to help finance construction of new transmission lines and pollution control equipment. The company asked for a 1.5%/year increase to cover the cost of purchased power or of building new generating capacity. It also asked Georgia regulators to raise its authorized return on equity to 11-13.5% from the existing range of 10-12.5%.

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