Alabama Power's $860 Million First-Half Profit Puts It on Track for Record Year
Alabama Power booked $860 million in profit during the first two quarters of 2026, up 14% from 2025 and tracking toward $1.72 billion for the full year, according to Inside Climate News. The utility is a subsidiary of Atlanta-based Southern Co. and serves roughly two-thirds of the state.
Those results followed the failure of a state legislative push to tighten oversight of the company. The Alabama House voted 104-0 in March 2026 to pass HB 475, sponsored by state Rep. Mack Butler, Inside Climate News reported. Under the measure, the Alabama Public Service Commission would have been required to convene public hearings on rate-increase requests from Alabama Power, a step the regulator has not taken in 44 years.
At issue is a postponed rate hike tied to Alabama Power's 2025 acquisition of an operating natural gas plant. The company paid $622 million for the 895 MW facility, according to Inside Climate News. The increase was set to take effect in 2027 and add $3.37 to the average customer's monthly bill.
Source: insideclimatenews.org (opens in a new tab)1 sourcePermalink