State regulators have ordered Georgia Power to refund its customers $43.2 million, which the company earned above the approved limits set by the commission in 2013.
In a statement, the commissioners unanimously ordered the utility company to return to its customers two thirds of its earnings for 2016 that were above the set 10.95% Return on Equity (ROE). The company would retain the other third.
The decision follows a December 2013 agreement, in which commissioners ruled that any earnings the company gets above 12% would be shared.
Georgia Power had recommended the ROE be set at 11.50%.