Connect with us

Business

Alabama Power Proposes Rate Freeze to Stabilize Customer Bills

Published

on

Alabama Power Electric Rates Proposal

MONTGOMERY, Ala. — Alabama Power has filed a proposal with the Alabama Public Service Commission to keep electric rates steady for the next two years. The filing, dated Nov. 21, 2025, aims to provide rate stability through 2027.

Company executives say the proposal outlines commitments that would mitigate cost pressures for customers. In a statement, Alabama Power Vice President Moses Feagin emphasized the importance of stabilizing rates as many families and businesses face tightening budgets.

The plan includes maintaining the current Rate CNP, Part C, factors until 2027, which would prevent increases tied to environmental compliance costs. Additionally, the company intends to delay adjustments related to new facilities until January 2028.

Alabama Power’s approach appears to align with ongoing discussions with the PSC and the Attorney General’s Office about the projected costs for 2026 and 2027. The Commission’s approval is essential for the company to implement these measures effectively.

In its announcement, Alabama Power acknowledged that external factors such as weather fluctuations and fuel markets could influence the proposed rate freeze. The Commission will review the filing and decide on the next steps during its upcoming meeting on December 2.

“We remain committed to our customers and the communities we serve,” Alabama Power stated, underlining its readiness to collaborate further with the PSC on this pressing issue.