Alabama Power Not Planning Rate Cut Like TVA

By: Associated Press
By: Associated Press

MONTGOMERY, Ala. (AP) -- Alabama Power Co. is not planning to cut electric rates like the Tennessee Valley Authority.

TVA is planning to cut rates about 6 percent on Jan. 1 because of lower fuel costs. The move comes after a 20 percent hike by TVA in October.

A spokesman for Alabama Power says the company won't reduce rates because it is trying to recover about $300 million that has already been spent for fuel to operate its power plants. But spokesman Michael Sznajderman said Alabama Power, which is raising rates about 13 percent, has agreed to go through 2009 without a general rate increase.

TVA serves the northern third of Alabama. Alabama serves much of the southern two-thirds of the state.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
8195 Front Beach Road Panama City Beach, FL 32407 Station: 850-234-7777 News: 850-230-5221 Fax: 850-233-6647
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 34601509 -
Gray Television, Inc.