It’$ your money…

The Georgia Public Service Commission has unanimously approved a rate increase for Georgia Power customers that will help the utility recover some of the costs for the new units at Plant Vogtle. At the same time, the additional cost per month for the average user is expected to be around nine dollars.

The commission approved a rate hike that had been previously negotiated between its staff and Georgia Power and that was the subject of hearings early this month.

Units 3 and 4 at the nuclear power plant near Waynesboro have been under construction in recent years, and Georgia Power’s share of the cost is $10.2 billion, plus $3.5 billion in financing costs.