Alabama Power, a subsidiary of Atlanta-based Southern Company, said Dec. 2 it commits to keeping customer rates steady for the next few years, as all components of the company’s regulated retail rates are not scheduled to increase through 2027.
“We know budgets are tight, and power bills are a real concern for many families and businesses,” said Moses Feagin, Alabama Power’s executive vice president, chief financial officer, and treasurer. “This commitment gives customers more certainty and predictability around electric rates at a time when many other household and business costs are rising.”
Alabama Power said it will hold in place all existing factors in customer rates, including delaying until 2028 the implementation of previously approved adjustments for the Lindsay Hill generation facility…