If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Including other solar efforts, Georgia Power has almost 2 GW of solar capacity, the commission learned Tuesday. The PPAs are for the following facilities: These PPAs were the result of a 2016 integrated resource plan, which was designed 1,050 MW of utility-scale renewable resources, with 525 MW through a 2018-19 requet for proposals and 525 MW through a 2020-21 RFP. ... We want a high quality grid, and that requires investment.”. Media outlets present at the meeting for the vote say that Commissioner Tim Echols argued for higher rates of return for Georgia Power because of the company’s ‘superior performance.’ In a news release from the website, Echols said: “While not perfect, much about our energy delivery system is top-drawer. Combined with the renewable programs requested through the 2019 IRP, and subject to PSC approval, Georgia Power plans to have more than 4,750 MW* of renewable energy resources in its portfolio by the end of 2024.”, The 2019 IRP proposes energy efficiency targets similar to those approved in previous IRPs, while adding new, innovative energy-saving programs for both residential and commercial customers. That will be followed by an increase of roughly half that size in 2021 and a larger increase in 2022, although Kraft said precise figures for those years weren’t immediately available.”. As the articles on GP continue, I am learning more about the company, and It is not good. Access latest metal news and analysis, conferences and events. The company has worked to replace aging transmission assets and deploy automation technologies across the grid to reduce outage time. She said that there are some good features to the agreement, but said the staff proposal “more fully balanced” the interests of ratepayers and shareholders. Georgia Power today filed a request with the Georgia Public Service Commission (PSC) to increase customer rates by approximately 7% in 2020 to enable the company to continue making investments in Georgia’s energy future. Ratepayers are already paying part of the cost of construction and will have to begin paying the rest when the reactors are completed. *REC Disclaimer: Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. By submitting this form you acknowledge that you have read and you agree to our, You must select at least one interest to continue, You are a premium subscriber, we are unable to send you a link to reset password for security reasons., Commodity Prices and Essential Market Data, Analytics Virtual Client Seminar EMEA – Gas & Power, European Petrochemicals Virtual Conference, Quitman II Solar, 150 MW, in Brooks County, Georgia, Cool Springs Solar, 213 MW, in Decatur County, Georgia, Broken Spoke Solar, 195.5 MW, in Mitchell County, Georgia. Under a proposal by commissioner Tim Echols, rates will be set to give Georgia Power shareholders a return on equity of 10.5%. "Georgia needs to be ready. McDonald attempted a series of amendments on Tuesday, including an attempt to lower the ceiling for the company’s return range, but his changes won no support.

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