Georgia Power to Keep Rates Flat

Georgia Power agreed to freeze base electricity rates through 2027 under an agreement with state utility regulators, scrapping a planned increase this year.

The agreement delays the utility’s storm recovery costs from Hurricane Helene until 2026 and extends the current rate structure.

Critics argued the behind-closed-doors deal lacked transparency, while Georgia Public Service Commission leaders say the move helps customers following years of rate hikes.

  Body of Kayaker Found

Authorities confirmed the body recovered Friday from Lake Lanier is Dustin Valencia, 43, of Cumming, who went missing last week after failing to pick up his children from school.

Friends said Valencia was in excellent shape and training for a triathlon. Public safety officials urged lakegoers to wear lifejackets, even those who are strong swimmers.

Last week, Valencia’s car, flip-flops, and kayak bag were found at Little Ridge Park, and his kayak and paddle were recovered in a nearby cove.

The Forsyth County Sheriff’s Office said the case remains under investigation.

Sunshine Forecast for Holiday Weekend

Following another round of potentially severe storms expected tonight, Georgia is set for a mostly dry and warm Memorial Day weekend with highs in the upper 70s to mid-80s across much of the state.

Cities like Athens, Augusta, and Savannah can expect partly cloudy skies with low rain chances through Memorial Day on Monday, making for good lake and grill-out weather.

Storms could return late in the weekend, but the forecast looks favorable for celebrating the holiday outdoors.

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Statewide: Georgia leaders offered support after former President Biden revealed his aggressive prostate cancer diagnosis, with Gov. Kemp and others sharing encouragement. (More)

DeKalb County: Officials will begin replacing 3.5 miles of aging water pipes this week, part of a $4.27 billion upgrade to modernize infrastructure. (More)

Tift County: Authorities found a missing 75-year-old Colquitt County man dead in his truck that was submerged in a pond. (More)

Bibb County: The school board failed to pass a tentative budget, with those opposed to the current proposal asking for options that would result in less deficit spending. (More)

Cobb County: The county will switch its government website from .org to .gov in June, seeking to bolster online security following a cyberattack earlier this month. (More)

Atlanta: Police are investigating a hit-and-run that killed a 71-year-old man. He was struck in a downtown crosswalk on Sunday by a black car. (More)

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➤ Georgia women’s tennis claimed its third national NCAA Division 1 championship, sweeping Texas A&M 4-0. Last year, the same two schools played in the championship, with Texas A&M winning. (More)

➤ Georgia Tech baseball clinched its first outright ACC baseball regular season title since 2005 and the No. 1 seed in the conference tournament. (More)

➤ 2023 National League MVP outfielder Ronald Acuña Jr. (torn ACL) and star pitcher Spencer Strider (elbow surgery and strained hamstring) are set to rejoin the Atlanta Braves this week. (More)

➤ Yesterday’s results: MLB | WNBA | NCAAB | Soccer

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➤ Valdosta Regional Airport imposed a limit on long-term parking to 30 days due to capacity issues, with an exception for military personnel. (More)

➤ Walgreens stores in Stone Mountain, Lawrenceville, Snellville, Macon, and Decatur are closing this week as part of the retailer’s nationwide downsizing. (More)

➤ Parking delays are expected at Hartsfield-Jackson Airport’s South Terminal during construction on a $530 million project to add 6,700 parking spots by 2026. (More)

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Zillow’s Co-Founder Has a Big New Idea

Spencer Rascoff co-founded Zillow, scaling it into a $16B real estate giant. But everyday investors couldn’t invest until after the IPO, missing potential early gains.

“I wish we had done a round accessible to retail investors prior to Zillow’s IPO,” Spencer later said. 

Now he’s doing just that. Spencer has teamed up with Austin Allison, another Zillow exec, to launch Pacaso. Pacaso’s co-ownership marketplace is disrupting the $1.3T vacation home market. And unlike Zillow, you can invest in Pacaso as a private company.

With $110M+ in gross profits and rapid international expansion, Pacaso is scaling fast. Investors like Softbank, Maveron, and more are already on board. They even reserved the Nasdaq ticker PCSO.

But you don’t have to wait. Join them as a Pacaso shareholder for just $2.80/share by 5/29.

➤ Milledgeville hosts a top summer astrophysics program where high schoolers from around the world track asteroids and conduct research at Georgia College & State University. (More)

➤ The Kiwanis Club of Statesboro awarded 15 $2,000 scholarships to high school seniors who demonstrate academic and community excellence. (More)

➤ Pickens County residents searched for several bear cubs after their mother was fatally shot. The state Department of Natural Resources is investigating the bear’s death. (More)

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