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Fox News
8 Feb 2023

The company Alabama Power is going to refund their customers $62 million on their August bill due to being above on the allowed return rate.
There’s no word yet on how much customers will receive as part of that refund.
In December, Alabama Power announced its third rate increase of 2022, citing federal mandates, inflation and economic conditions. That means the average residential customer, using 1,000 kilowatt hours a month, is paying about $24 for electricity since January 2022.