GAM Reaches Proposed Settlement of IRP Update with Georgia Power and Commission Staff

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GAM Counsel Clay Jones gives us an update on this important case.

GAM Reaches Proposed Settlement of IRP Update with Georgia Power and Commission Staff

On Wednesday, March 27, GAM reached a proposed settlement agreement with Georgia Power Company (“Georgia Power” or “Company”) and the Georgia Public Service Commission (“Commission”) Staff (“Staff”) to resolve all issues in the ongoing Update case to Georgia Power’s Integrated Resource Plan (“IRP”). This settlement agreement, called a Stipulation and reached on the eve of the last round of hearings in the case, would satisfactorily address the issues GAM raised in the case, address the unprecedented growing demand for electricity fueled by Georgia’s economic growth, and provide significant protections for ratepayers.

The Commission will decide whether to approve the Stipulation at its April 16 Administrative Session.

Brief Summary of Issues Raised by GAM

While supporting Georgia Power’s forecast of increased load and generally favoring the Company’s approach to address that load, GAM nonetheless raised four main issues in response to the IRP Update filing. The Stipulation would address all four issues:

The Remainder of the Stipulation

Some additional highlights of interest included in the Stipulation:

GAM firmly supports the Stipulation as a reasonable resolution of the issues raised in the case and will urge the Commission to adopt it at the April 16 Administrative Session.