Funding through municipal bonds means community members invest in their electricity infrastructure - such as new generation equipment, transmission lines, and distribution system upgrades - and receive interest as public power utilities pay back the loan. Public power infrastructure projects are often funded through the issue of tax-exempt municipal bonds. Public power gives 13% more to the community than private utilities. On average, public power utilities pay 5.4% of electric operating revenues to the community - through taxes, fees, and special services. Public power employs 96,000 people in hometown jobs. Public power utilities are embedded into the fabric of their communities and support a range of community programs including charitable, educational, and beautification programs. Public power entities are responsible for promoting the wellbeing and values of the community. Lowering rates, incentivizing efficiency, adopting lower cost generation technologies, increasing employment, maximizing customer service and investing in preventative safety measures - all of these are antithetical to the profit incentive that drives IOU's.
DO PUBLIC POWER UTILITY COMPANIES MAKE MONEY DRIVERS
Innovative Public Power entities are drivers of innovation in electricity distribution and efficiency. Customers of a public power utility are without power for an average of 62 minutes a year, compared to customers of private utilities, who lose power for an average of 150 minutes a year - provided there are no major adverse events. ReliableĬustomers of public power utilities lose power less often. Businesses that get electricity from public power utilities also pay less than businesses that get electricity from private utilities. Homes powered by public power utilities pay 12% less than homes powered by private utilities. Public power utilities are not-for-profit entities that provide electricity to customers at the lowest rates. Community citizens have a direct voice in utility decisions, including the rates it charges and its sources of electricity. These utilities are governed by a local city council or an elected or appointed board. We proactively take measures to protect our customers from rising fuel costs while reliably providing power as economically as possible.Like public schools and libraries, public power utilities are owned by the community and run as a division of local government. We are investing in infrastructure to ensure a more resilient power grid, creating a balanced energy mix and installing high-speed electric vehicle charging stations across the state, all while keeping your bill well below the national average. Call Before You Dig or Work | Electrical Safety.Search databases, industry studies and information regarding infrastructure. Our Community & Economic Development organization is supporting leaders in local communities to bring new jobs and capital investment to Georgia. We help our communities grow and prosper.
Meet our leadership team, learn how we create a culture of diversity and inclusion and find data on our company’s performance. Georgia Power is known for Value, Reliability, Service and Stewardship. Our values, our culture and our promise to you.
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