Are you a Georgia Power customer? You’ll be receiving a credit on your June service bill.
The credit is the second of three credits issued as part of the Tax Cuts and Jobs Act of 2019. It will automatically be applied to customer bills and applied directly to the total due. The first credit was issued in October 2018 and the final credit will be credited in February 2020.
Officials with Georgia Power say these credits are the results of the reduction in Georgia Power’s federal corporate tax from 35% down to 21%. The average customer will see a $69 credit over the three periods, according to the company website.
The typical residential customer using an average of 1,000 kilowatt-hours per month would receive a credit of approximately $18 on their June Georgia Power bill. The actual amount of the credit will vary based on a customer’s specific energy usage.
“At Georgia Power, we work every day to provide the highest customer value through customer service and the delivery of clean, safe, reliable and affordable energy with rates below the national average,” said Kevin Kastner, vice president of customer service for Georgia Power. “We are pleased to continue to pass along benefits to our customers through these direct credits on Georgia Power bills this month.”
The Tax Cuts and Jobs Act benefits were approved in March 2018 as part of an agreement with Georgia Public Service Commission (PSC) Staff. In total, Georgia Power is providing three separate credits to customers that will total $330 million. The first credit of $131 million was issued in October 2018, the second credit, totaling $96 million is being applied this month and the third credit of $103 million is scheduled for February 2020.