Georgia Power customers will see a smaller bill this month due to the first of three refunds associated with the Tax Cuts and Jobs Act of 2017.
Georgia Power said Wednesday that these refunds are a result of the reduction in Georgia Power’s federal corporate tax rate from 35 percent to 21 percent. Customers will receive the refunds based upon energy consumption from January through August 2018.
The typical residential customer using an average of 1,000 kilowatt-hours per month would receive a refund of nearly $28 on their October bill, Georgia Power said the remainder of the refunds are scheduled for June 2019 and February 2020. The three refunds will total $330 million.