Alabama Power Commits to Steady Rates Through 2027

Core Points - Alabama Power commits to maintaining customer rates steady through 2027, providing predictability amid rising costs for households and businesses [1] - The company will absorb costs from the newly acquired Lindsay Hill generation facility in 2027, delaying previously approved rate adjustments until 2028 [1] - Since 2017, Alabama Power has reduced operating expenses by approximately $100 million despite rising equipment costs [1] Rate Stability and Customer Support - All components of Alabama Power's regulated retail rates will not increase through 2027, although individual bills may vary based on electricity usage [1] - The company offers various tools and assistance programs, including Bill Explainer, Rate Advisor, Energy Assistant, and Budget Billing, to help customers manage their bills [1] Company Overview - Alabama Power, a subsidiary of Southern Company, serves 1.5 million customers across Alabama [2]