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.
SOURCE Georgia Power
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Related links:
http://www.georgiapower.com/
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20050216/CLW066LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Lynn Wallace of Georgia Power,
+1-404-506-7676 or +1-800-282-1696, corpcomm@georgiapower.com
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