Ala. PSC Considers Extending Special Electric Rate
The Alabama Public Service Commission is meeting to consider extending special electric rates it approved last year to help stimulate Alabama's economy.
The meeting is Tuesday in Montgomery to consider the rates offered through Alabama Power Co.
One of the special rates provides a one-year rate discount for a business that opens in a building that has been vacant for at least six months. The incentive applies to a new business or to a business that opens an additional location. The discount amounts to 10.5 percent to 12.5 percent of the total bill, depending on the type of business and the total usage.
The discount had been used by 46 businesses through the end of July. It will expire at the end of the year unless the PSC extends it.
Copyright 2012 The Associated Press.