Energy Prices

By  | 

Alabama Power Company is raising rates again.

The giant utility says the cost of power for the average residential customer will climb about nine dollars, 50 cents a month. That represents an 11-point-5 percent increase.

The latest increase, outlined for the Public Service Commission yesterday, will add about a dollar, four cents for a residential customer using a thousand kilowatt hours a month.

A spokesman said the rate hike will offset the cost of upgrading pollution control equipment to comply with new federal standards.

Last week, the P-S-C approved a near six-dollar increase to compensate for higher natural gas and coal prices and another two
dollars, 48 cents to recover costs for hurricane repairs.

The company's regulatory agreement does not require the P-S-C to vote on the latest increase, which goes into effect in January.

Alabama Power serves approximately one-point-four (m) million customers in the state.

On the Net:Alabama Power Co.