MONTGOMERY, Ala. (AP) - Alabama's largest natural gas company, Alabama Gas Corp., is lowering its rates again.
The Birmingham-based company instituted one rate reduction Monday and another will go into effect April 1. The Alabama Public Service Commission said the two reductions total more than $16 million in savings between now and Sept. 30, when rates will be reviewed again.
Company Vice President Amy Watson Stewart said Tuesday the average residential customer should save about $30 between now and
The PSC said the reductions are due to lower prices for natural gas and because the company's return on equity was going above the range allowed by the PSC.
Stewart said the rates for Alabama Gas have been declining since the fall of 2008 due to natural gas prices declining.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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