Alabama Gas to Lower Rates in the Fall
Alabama's largest natural gas distributor will reduce its rates starting in the fall. The Alabama Public Service Commission voted unanimously Tuesday for Alabama Gas to refund $16.5 million to its customers through lower rates between Oct. 1st and March 31st. Public Service Commission members timed the lower rates to coincide with winter heating bills. The reduction is due to Alabama Gas having a return on common equity that exceeds the amount allowed by the PSC's rate plan for the Birmingham-based company. When that happens, the gas company has to lower rates to get its return back into the allowed range.