refunds, credits & savings + + 75 - georgia power · in march 2018, georgia power issued $43.6...

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Page 1: Refunds, Credits & Savings + + 75 - Georgia Power · In March 2018, Georgia Power issued $43.6 million in refunds for customers due to the company’s higher earnings in 2016.* 2016

+ =$75+Customer credits due to payments from Toshiba for the Vogtle nuclear expansion. Credits will appear on 2018 bills as theVogtle Settlement Refund.

All customers will receive the same csame credit regardless of usage.

April

$25July

$25Sept.

$25Toshiba-Vogtle Nuclear Expansion Credits

Oct. 2018

$27June2019

$20Feb 2020

$22+ =+ $69The typical residential customer* could receive three separate refunds over the next two years.

Tax Cuts and Jobs Act Refunds

$9The typical residential customer can expect to pay approximately $9 less in financing costs for the Vogtle nuclear expansion in 2018 than 2017.

Nuclear ConstructionCost Recovery Savings

$9.50As a regulated utility, Georgia Power is allowed the opportunity to earn a return on equity within a set range each year. In March 2018, Georgia Power issued $43.6 million in refunds for customers due to the company’s higher earnings in 2016.*

2016 Customer Refund

*All refunds, credits and savings are estimates as of May 2018 based on the typical residential customer using 1,000 kilowatt-hours per month. Actual amounts may be more or less based on the individual customer.  All refunds will be issued as Georgia Power bill credits.

$162.50Total Refunds, Credits and Savings

Refunds, Credits & Savings