Business
Alabama Power Commits to Steady Rates Through 2027
Following today's Alabama Public Service Commission meeting, Alabama Power announced its commitment to keep customer rates steady through 2027 while maintaining the dependable service customers count on. All components of Alabama Power's regulated retail rates are not scheduled to increase through 2027.
About this update from Southern Company (the)
[{"type":"text","content":"Multi-year rate stability plan provides certainty for customerswhile company focuses on efficiencies and grid investments","length":122,"tagName":"p","attribs":{}},{"type":"text","content":"BIRMINGHAM, Ala., Dec. 2, 2025 /PRNewswire/ -- Following today's Alabama Public Service Commission meeting, Alabama Power announced its commitment to keep customer rates steady through 2027 while maintaining the dependable service customers count on. All components of Alabama Power's regulated retail rates are not scheduled to increase through 2027.","length":414,"tagName":"p"},{"type":"image","alt":"Alabama Power Logo (PRNewsfoto/Alabama Power Company)","displaySize":"","headline":null,"caption":"Alabama Power Logo (PRNewsfoto/Alabama Power Company)","className":"","disableSlideshowImg":false,"size":{"original":{"width":137,"height":137,"url":"https://media.zenfs.com/en/prnewswire.com/b9a2824db544265d8bd8349a17fb2249"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ylYgURmqGKVed3AQbx7GEA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTIxMDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/b9a2824db544265d8bd8349a17fb2249","width":137,"height":137}},"href":"https://mma.prnewswire.com/media/2675775/Alabama_Power_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""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."","length":388,"tagName":"p"},{"type":"text","content":"Alabama Power 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. As part of the commitment to keeping rates steady, the company will absorb the newly acquired facility's costs in 2027 rather than deferring or shifting those costs to a later date.","length":464,"tagName":"p"},{"type":"text","content":""Since 2017, Alabama Power has reduced operati...