Rising fuel costs might raise Alabama Power rates
Wednesday, August 6th, 2008Customers of Alabama Power Co. might see their rates go up as customers of some other Southeastern utilities have seen due to rising costs for coal and natural gas.
Alabama’s utility regulatory commission instructed its staff Tuesday to look into the amount Alabama Power is receiving to cover its fuel costs. The Public Service Commission acted after Alabama Power reported that it spent $24.6 million more on fuel in June than it recovered from its customers.
Alabama Power spokeswoman Jan Ellis said the utility has discussed its rising costs for coal and natural gas with the PSC, but it is premature to say what might happen in the coming months.