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Georgia bill would give utility regulators extra years in office without facing voters [Yahoo! Finance]

Southern Company (The) (SO) 
Last southern company (the) earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Anticipating that a court will order elections to resume, Georgia lawmakers now want to add an extra two years to the six-year terms of commissioners on the all-Republican body. The plan, approved Thursday by both the Georgia House and Senate in House Bill 1312, awaits the signature or veto of Gov. Brian Kemp. The commission regulates what Georgia Power Co. and some natural gas companies charge. It has in recent years allowed Georgia Power, a unit of Atlanta-based Southern Co., to increase what it charges customers The reordering of the staggered terms could prevent a majority of the commission seats from being elected at the same time, meaning Democrats couldn't take control in one election. The bill stems from a lawsuit that sought to force commissioners to be elected from districts, instead of statewide. A federal judge ruled in 2022 that statewide voting illegally diluted the power of Black voters, banning statewide elections and ordering elections by district. It was the Show less Read more
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