Alabama Public Service Commission lowers rate of return for energy company

By: Ralph Chapoco

Outlets: Alabama Reflector

Published: September 1, 2026

Words: 830

Last Updated: 9 hours, 47 minutes ago

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The state commission regulating investor-owned utilities Tuesday reduced the rate of return that a St.Louis-based energy company can earn.

The Alabama Public Service Commission voted to authorize Spire Alabama to receive a return on equity of 9.4% for the next two years, based largely on the recommendation of the Alabama Attorney General’s Office. That is a difference of 1.1% from the 10.5% return on equity that company officials sought, and lower than what it currently …

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