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Posted: March 30, 2012 2:08 p.m.

Georgia Power requests to drop fuel rates

ATLANTA (AP) - Georgia Power has filed a request with state regulators to reduce fuel rates by 19 percent and total annual billings by about $567 million.

The company said it filed the request on Friday with the Georgia Public Service Commission.

The change would mean that power bills would decrease about $8 a month for the typical residential customer who averages about 1,000 kilowatt-hours (kWh).

The company said in a statement that the decrease in fuel costs was driven primarily by lower natural gas prices as a result of increased natural gas supplies.

Company executives say other contributing factors were lower demand for electricity, coupled with mild weather.

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