Very disturbed Georgia Power customers see higher bills as parent company reports 400M profit increase
Southern Company announced a significant profit increase of $400 million for 2024, totaling $4.4 billion, while Georgia Power customers face their sixth rate hike since 2023. Energy advocate Patty Durand highlights concerns over the direct link between rising bills and corporate profits, suggesting a wealth transfer from lower-income Georgians to company executives. Georgia Power defends the increases as necessary for funding infrastructure projects while assuring consumers that profit caps are in place.