PSC votes to keep Alabama Power rates stablePublished 8:44am Wednesday, August 14, 2013
The Alabama Public Service Commission voted Monday to implement the largest reduction in allowed rate of return for Alabama Power Company in almost 25 years.
Customers could expect to see a savings of between $30 and $110 on their power bills each year based upon a number of factors, including amount of electricity used, weather trends, rate classification and others, according to Public Service Commission President Twinkle Andress Cavanaugh.
The reduction occurred following a series of public rate review hearings conducted across the state, during which commissioners heard almost 24 hours of testimony from dozens of consumers, various interest groups, business owners, utility stakeholders, the Alabama Attorney General’s Consumer Division and others.
The changes will go into effect in January 2014.
“While Alabama Power Company felt their current rate structure was justifiable, our job as commissioners is to do what’s fair for all, and our hearings showed that consumers deserve some relief in the bills they pay,” Cavanaugh said.
Cavanaugh estimates most consumers who continue using the same amount of electricity will realize an average savings closer to the mid-point.
“This commission was tough on Mobile Gas. We were even tougher on Alabama Power,” said Jeremy H. Oden, associate commissioner of the PSC.