Georgia Power announced this week that it would refund $330 million to customers over the next two years under provisions of the Tax Cuts and Jobs Act of 2017.
The first $131 million is scheduled to be refunded this month.
Customers using an average of 1,000 kilowatt hours will receive a refund of nearly $28 on their Georgia Power October bill. The second round of refunds will follow in June 2019 and a third in February 2020. Additionally, the company claims the Vogtle nuclear expansion this year will also lead to $130 million in reduced taxes on financing costs.
“At Georgia Power, we work every day to provide the best value to our customers not only in customer service but in delivering clean, safe, reliable and affordable energy with rates below the national average,” Kevin Kastner, vice president of customer service for Georgia Power, said. “We are excited to let customers know about more bill credits coming their way in addition to other credits already received on their Georgia Power bills this year.”
The Georgia Public Service Commission approved the refunds in March. They also approved $75 in 2018 bill credits for the Vogtle project.
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