Alabama Power rate cut: A penny saved Utility says cut touted by PSC would be $5 a year -- or 1.3 cents a day -- for the typical customer Check out this story on montgomeryadvertiser.com: http://on.mgmadv.com/1XS6uvY To read the press release, the Alabama Public Service Commission had secured a significant rebate on electric rates, while thumbing its nose at the Obama administration. Albert Cesare / Advertiser Alabama Power Co.