Alabama Power

One Public Service Commission Puts Excessive Profits before People

Posted on 08/30/2013 by |AARP Blog Author | Comments

PoliticsRemember Paula Wood, the retired, single Alabamian struggling to pay her electric bills? While there has been some good news, things in Alabama aren’t looking a whole lot better. In early July the Public Service Commission (PSC) voted to lower the profit (return on equity) that Mobile Gas is allowed to earn from 13.45% to 10.95%.  While the decision is complicated, this will initially help save consumers like Paula money. The rates for Mobile Gas customers will go down, but, …