PSC orders Georgia Power to pay its customers $43.6 million

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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%.

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