PSC slashes rate of return for natural gas company serving 500,000 in Alabama

2 months ago 32

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.

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