Alabama Gas Corp. rate review to begin in September - WSFA.com: News Weather and Sports for Montgomery, AL.

Alabama Gas Corp. rate review to begin in September

Posted: Updated:
  • More newsMore>>

  • Pope Francis, huge crowd joyously celebrate Easter

    Pope Francis, huge crowd joyously celebrate Easter

    Sunday, April 20 2014 6:42 AM EDT2014-04-20 10:42:36 GMT
    Pope Francis is celebrating Christianity's most joyous day, Easter Sunday, under sunny skies in St. Peter's Square.More >>
    Celebrating Easter Sunday, Christianity's most joyous and hopeful day, Pope Francis prayed for peace in Ukraine and Syria and for an end to the terrorist attacks in Nigeria that have targeted so many Christians.More >>
  • Shootout in eastern Ukraine leaves 1 dead

    Shootout in eastern Ukraine leaves 1 dead

    Sunday, April 20 2014 6:22 AM EDT2014-04-20 10:22:49 GMT
    The Ukrainian and Russian governments are reporting a shootout at a checkpoint set up by pro-Russian insurgents in eastern Ukraine that has left one person dead and others hospitalized with gunshot wounds.More >>
    The Ukrainian and Russian governments are reporting a shootout at a checkpoint set up by pro-Russian insurgents in eastern Ukraine that has left one person dead and others hospitalized with gunshot wounds.More >>
  • 4 French journalists home after long Syrian ordeal

    4 French journalists home after long Syrian ordeal

    Sunday, April 20 2014 5:42 AM EDT2014-04-20 09:42:34 GMT
    Four French journalists kidnapped and held for 10 months in Syria have returned home to France.More >>
    Four French journalists kidnapped and held for 10 months in Syria returned home Sunday to joyful families, a presidential welcome and questions about how France managed to obtain their freedom from Islamic extremists.More >>
MONTGOMERY, AL -

From: Public Service Commission;

Alabama Public Service Commission President Twinkle Andress Cavanaugh on Tuesday announced that the three-member regulatory panel will begin a new public rate review process for Alabama Gas Corporation, commonly known as Alagasco, in September and released the schedule for its information-gathering sessions.

"After having successfully reviewed and reduced the rates for customers of Alabama Power and Mobile Gas companies, it is time we begin a thorough and balanced look at Alagasco," Cavanaugh said.  "The members of the PSC will continue balancing what is fair to Alagasco with the need to provide some measure of relief to consumers during these difficult economic times.  Our public rate review process has worked well twice before, and I am confident it will work smoothly during our inspection of Alagasco, as well."

Cavanaugh said one of the meetings will be held outside of Montgomery in order to allow for a wide range of public participation.  Previous public rate hearings for other utilities have been held in Tuscaloosa and Mobile.

The planned dates, topics and cities for the Alagasco public review process are:

September 5, 2013 in Montgomery - The commission will engage in a general overview of Alagasco operations and discuss elements of the natural gas business and its economics.

September 25, 2013 in Auburn - The commission will consider and discuss Alagasco-related topics that include pipeline safety, customer service, economic development and corporate risk.  An evening session will be set aside specifically to gather public comment.

October 9, 2013 in Montgomery - The commission will review the Rate Stabilization and Equalization formula for Alagasco, along with its finances and accounting.  The RSE formula is used to determine the company's allowed rate of return on its common equity.

Once the scheduled hearings have concluded, the commission and its staff will review the collected information, determine which rate adjustments are justified, and convene a public meeting of the full panel to vote on suggested changes.

Alagasco, which serves more than 420,000 customers, last saw its RSE formula adjusted in 1987.

Powered by WorldNow