Alabama Power has become one of the most profitable utilities in America. What does that mean for customers? (Inside Climate News)
Despite being one of the poorest states in the US, Alabama’s residents pay some of the nation’s highest electric bills, with average households spending nearly a quarter of their income on power.
In a new investigative series from ICN, analysts say weak regulation and political influence have allowed Alabama Power to lock in profit margins above 11%—among the highest in the country—while avoiding a formal rate case for more than 40 years.
