Utility Board OKs New Rate Plan for Alabama Gas

By: The Associated Press
By: The Associated Press

MONTGOMERY, Ala. (AP) -- The state's utility regulatory board has approved a new rate plan for Alabama Gas Co. that is forecast to save customers money.

The Public Service Commission had been allowing Alabama Gas a return on equity of 13.15 percent to 13.65 percent. The commission voted unanimously Tuesday to set a lower range of 10.5 percent to 10.95 percent.

The change is due to take effect with the new year.

PSC President Twinkle Andress Cavanaugh said the typical customer should save $33 annually.

The rate plan is similar to one the PSC approved earlier for Mobile Gas Co.


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