The reward schemes the PSC has invented for Alabama Power hurt customers, benefit shareholders, and leave the henhouse unguarded

In this mention

SACE contributed a guest column sharply criticizing the Alabama PSC's handling of Alabama Power Company's rate-setting process. The column argues that the PSC's adoption of a new Weighted Cost of Equity (WCE) formula obscures Alabama Power's abnormally high returns on equity (13.73%, compared to a 10% industry average) while providing no tangible benefits to customers. SACE advocates for a return to formal hearings with public scrutiny of the utility's data, models, and assumptions to ensure lower electricity bills for Alabama residents.