Georgia Power Seeks Approval to Expand Its Green Energy Program
29 Août 2008 - 8:53PM
PR Newswire (US)
ATLANTA, Aug. 29 /PRNewswire/ -- Georgia Power today asked the
Georgia Public Service Commission (PSC) for approval to expand its
Green Energy program to include additional options for customers.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050216/CLW066LOGO )
Born out of direct feedback from customers and environmental
groups, the expansion of Georgia Power's Green Energy program
redesigns the current program to make it more cost-effective while
also providing additional discounted options for retail customers
that are high-volume energy users. "Georgia Power's Green Energy
program offers customers the opportunity to support local green
energy technologies that benefit Georgia's economy and its
environment," said Mike Garrett, Georgia Power president and CEO.
"With these additional options, we hope to increase the appeal of
the Green Energy program by making it more affordable for
residential and large-volume customers." Electricity generated for
the redesigned Green Energy program would help grow the renewable
resource base in Georgia and the Southeast and expand the market
for renewable energy credits (RECs). RECs are created when a
renewable energy facility generates electricity or uses renewable
fuel. Customers who purchase RECs through the Green Energy program
are paying for the benefit of displacing other non-renewable
sources from the electric grid. Georgia Power is proposing
expanding its Green Energy program to include the following new or
revised options: Premium Green Energy - At a cost of $4.50 per
100-kilowatt-hour block, this option will retain a 2 percent solar
resource requirement. Green Energy - Priced at $3.50 per
100-kilowatt-hour block, this option will not include a solar or
wind resource requirement. Large Volume Purchase Option - Available
on a customer-specific basis after the customer purchases 400
blocks of Green Energy at $3.50 per block. Special Events Purchase
Option - Allows for one-time purchases of Green Energy for events
such as concerts, sporting events, conventions, etc. The PSC is
expected to rule on the redesigned Green Energy program later this
year. If approved, the new program would likely go into effect by
the end of the year. Georgia Power is the largest subsidiary of
Southern Company, one of the nation's largest generators of
electricity. The company is an investor-owned, tax-paying utility
with rates well below the national average. Georgia Power serves
2.3 million customers in all but four of Georgia's 159 counties.
http://www.newscom.com/cgi-bin/prnh/20050216/CLW066LOGO
http://photoarchive.ap.org/ DATASOURCE: Georgia Power CONTACT: Lynn
Wallace of Georgia Power, +1-404-506-7676 or +1-800-282-1696, Web
site: http://www.georgiapower.com/
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