Alabama electric customers got welcome news Tuesday when the Alabama Public Service Commission voted to approve Alabama Power’s recent proposal to hold several major adjustable rate factors at current levels for two years.
In that proposal, the company laid out commitments to keep several bill-impacting adjustment factors in place.
On Tuesday, PSC President Cynthia Lee Almond, Commissioner Jeremy Oden, and Commissioner Chris Beeker III even went a step further by adopting an amendment during the meeting to ensure the two-year window of certainty isn’t undermined by the utility’s formula-rate process.
They also approved a major piece of the implementation around the company’s Natural Disaster Reserve, which takes the fund from a negative balance, to now being shored up to prepare for future storm season emergencies.
Members of the PSC called the two-year flat rate plan “welcome relief” from the progressive energy politics of previous administrations.
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