<div id="readability-page-1">On December 2, 2025, the Alabama Public Service Commission (PSC) approved a proposal from Alabama Power, a Southern Company subsidiary, to effectively freeze customer electric rates through the end of 2027. While the company framed the move as one that will provide rate stability and predictability for customers grappling with rising costs, investors should interpret this action as a strategic regulatory de-risking initiative by Southern Company in the face of potential political headwinds.</div>

<p>The Alabama Public Service Commission approved Alabama Power's proposal to freeze electric rates until the end of 2027. This move aims to provide rate stability for customers and is seen as a strategic regulatory de-risking initiative by Southern Company ahead of the 2026 election cycle.</p>

Alabama Power Freezes Rates Ahead of 2026 Election Cycle