Alabama Freezes Electric Rates, Concerns Persist

Alabama Public Service Commission freezes electricity rates for two years, aiming to stabilize power bills for customers. This decision comes after an investigation revealed high electric bills in Alabama. The freeze targets adjustable formula rates, with Alabama Power using customer refunds or rebates for the year 2025. While commissioners and elected officials praise the move, consumer advocates express concerns about potential cost shifts and lack of clear projections. The Public Service Commission president assures no rate changes over the next two years, with nuclear tax credits offsetting under-recovered costs. However, energy advocacy groups criticize the decision, suggesting it shields corporate profits and leaves customers to bear the cost later. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.