In what might seem like Christmas in May for energy consumers, the Alabama Public Service Commission unanimously voted today to save Alabama Power customers $337 million over the next two years.
“This is the whole reason that I supported Donald Trump and went door-to-door for him in a battleground state,” said Public Service Commission President Twinkle Andress Cavanaugh. “His massive tax cuts have allowed us to return $337 million dollars to Alabama families today.
Customers also will see fuel costs lowered by $30 million, bringing to $337 million the total reductions to their bills as a result of the Commission’s actions today.
In December 2017, Congress approved and President Trump signed into law a historic Tax Cuts and Jobs Act that is according to the White House brings real relief to American families and businesses. The PSC Commission’s vote guarantees that Alabama Power’s 1.4 million customers will reap a significant windfall from the president’s tax plan.
“That is real money going back to Alabamians, who can spend it on things other than electric bills,” Commissioner Jeremy Oden said. “President Trump and Republicans in Congress deserve great praise for bringing real relief to Alabamians and all Americans.”
Starting in July, a typical residential customer for Alabama Power will see monthly bills reduced by more than $9. The reduction to all customers’ bills totals $257 million through the rest of 2018. Customers will see their bills reduced by another $50 million in 2019 due to tax reform.
“Thank goodness the days of the liberal tax and spend and regulate Obama regime are over,” Cavanaugh stated. “I am proud to continue standing and working with President Trump to make Alabama and America great again!”
Customers also will see fuel costs lowered by $30 million, bringing to $337 million the total reductions to their bills as a result of the Commission’s actions today.
“Thank goodness the days of the liberal tax and spend and regulate Obama regime are over,” Cavanaugh stated. “I am proud to continue standing and working with President Trump to make Alabama and America great again!”
The Commission worked with Alabama Power to guarantee no increases in the company’s base rates through 2020. Commissioners also modified the rate system governing the company, lowering the top end of the range and providing an allowable percentage to be used to maintain the Company’s credit rating that is necessary to control the overall cost of debt for Alabama Power customers.
“This Commission is committed to protecting Alabama consumers,” Commissioner Chris “Chip” Beeker said. “I am proud to have voted to return to ratepayers their hard-earned dollars.”
