MILLEDGEVILLE — Georgia Power expects to request approval from the Georgia Public Service Commission (PSC) to decertify and retire 15 coal- and oil-fired generating units totaling 2,061 megawatts (MW), the company announced today.
Units marked for decertification include Units 3 and 4 at Plant Branch.
Closure date for the units is set for April 2015.
Several factors, including the cost to comply with existing and future environmental regulations, recent and forecasted economic conditions, and lower natural gas prices contributed to the decision to close the units.
"We recognize the significant impact that these retirements will have on the local communities and we took that into account when making these decisions," said Georgia Power President and CEO Paul Bowers via press release. "These decisions were made after extensive analysis and are necessary in order for us to maintain our commitment to provide the most reliable and affordable electricity to our customers. We are in the midst of a significant transition in our fleet that will result in a more diverse fuel portfolio - including nuclear, 21st century coal, natural gas, renewables and energy efficiency — to ensure we maintain our commitment for generations to come."
According to a press release issued by Southern Company, Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. The company is an investor-owned, tax-paying utility with rates below the national average. Georgia Power serves 2.4 million customers in all but four of Georgia's 159 counties.
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