Montgomery, AL – Alabama Power Co. has asked the Public Service Commission to raise rates for residential customers by more than 14 percent.
The utility reported to the state utility regulatory board that it is not receiving enough money to cover its rising costs for coal and natural gas, and it needs a rate increase.
A company spokesman says the proposed increase of 14.6 percent would mean an extra $16.45 for a residential customer who uses 1,000 kilowatt hours per month.
The PSC will hold a public hearing on the proposed increase on Sept. 23.
(Copyright 2008 by The Associated Press. All Rights Reserved.)