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Alabama Power Rates To Drop By More Than 2 Percent

Stock quotes in this article: SO , TVC  

PHILLIP RAWLS

MONTGOMERY, Ala. (AP) — Alabama Power Co. customers are going to see a slight reduction in rates, starting next week, thanks to declining prices that the utility pays for coal and natural gas.

The state Public Service Commission decided Tuesday to decrease the cost of 1,000 kilowatt-hours for homes and apartments by $2.72, starting June 9. The reduction from $130.29 to $127.57 represents a drop of 2.1 percent.

According to the U.S. Department of Energy, the typical American home used 936 kilowatt hours per month in 2007. ...

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