Spire asked to increase earned profit, APSC voted to do the opposite
The Alabama Public Service Commission (APSC) voted to reduce Spire's allowed profit from natural gas customers, lowering future rates. Spire requested a 10.5% return on equity (ROE), but the APSC set it lower, cutting estimated revenue by $3M/year. The APSC also approved a phased increase in Spire's customer charge. Spire will not appeal the decision.



