<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>

南方電力

<p>阿拉巴馬公共服務委員會批准了阿拉巴馬電力公司提出的將電價凍結至 2027 年底的提案。此舉旨在為客户提供價格穩定，被視為南方公司在 2026 年選舉週期之前的一項戰略性監管風險降低舉措</p>

阿拉巴馬電力公司在 2026 年選舉週期前凍結了電費費率