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Presenter says Energy Southeast deal keeps Alexander City electric rates stable through 2035
Summary
An Energy Southeast representative told the Alexander City council the joint-action agency's contracts and programs have produced long-term rate stability, funded smart-meter upgrades and scholarships, and expanded capital loans to attract industry to the city.
An Energy Southeast representative told the Alexander City council during a work session that the joint-action agency formed by Alabama cities has helped keep the city's wholesale electric costs low and stable, and that a recently signed contract will maintain that stability through 2035.
The presenter, identified as the president and CEO of Energy Southeast, said the agency has avoided wholesale rate increases for member cities since 2011 and that Alex City's rates are ‘‘some of the lowest in this region’’ compared with Alabama Power. He said members have contracts for capacity, energy and transmission that underpin that reliability and price stability.
Energy Southeast also outlined local benefits it…
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