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Alabama Power Seeking Rate Hike

Alabama Power Seeking Rate Hike

Alabama Power spent nearly $25 million more on fuel in June than it recovered from its customers.


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MONTGOMERY, Ala. (AP) - Customers of Alabama Power Co. might see
their rates go up due to rising costs for coal and natural gas.
The state's utility regulatory commission instructed its staff
Tuesday to look into the amount Alabama Power is getting to cover
its fuel costs. The Public Service Commission acted after Alabama
Power spent nearly $25 million more on fuel in June than it
recovered from its customers.
Alabama Power spokeswoman Jan Ellis says the utility has
discussed its rising costs for coal and natural gas with the PSC.
But she says it's premature to say what might happen in the coming
months.
PSC President Jim Sullivan says he would prefer a small increase
soon rather than a big increase later.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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