This Energy Cost Recovery Report had been printed in the PSC agenda regularly until July 2015. It showed the budgeted amounts for each month, updated to actual figures when data became available after a two-month lag.
Customers now have no accessible information about the cumulative amount of funds owed to them or to the company since only the monthly over or under collection is provided in the PSC agenda.
Alabama Power did not request that the report disappear. Now that the ECR report has been missing for 15 months, surely whatever hidden purposes its removal served have been accomplished. The over collected amount is slowly decreasing, as required, from $237.7 million in December 2015 and is $111.5 million as of October 2016..
Time for the PSC to let customers in on the full story behind the millions that the utility owes them – or that they might one day owe the company. Hiding the accustomed report has been an affront to transparency and accountability. The PSC has the power to easily remedy rather than compound the problem by quickly restoring the report and allowing customers to easily see the balance in the Alabama Power ECR account.