Alabama Power is preparing to issue a multi-million dollar refund to thousands of its customers following an order by the Alabama Public Service Commission.
The APSC, a body that regulates Alabama’s public utilities, said during its meeting Tuesday that a regular examination of Alabama Power’s books and records showed that it had exceeded the authorized range allowed for its rate of return.
“Alabama Power can confirm that approximately $62 million will be refunded to eligible customers,” a company spokesperson said Wednesday. The refunds will not be made immediately, however. They’ll be included in customers’ August 2023 bills. It’s also still unclear exactly how much money customers will see returned to their pockets with the spokesperson saying Alabama Power is “currently studying the Commission’s order to best estimate the refund for a typical residential customer and will follow up once we know more.”, which amounted to about $6.
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