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Presley: Money should be returned

JACKSON — Northern District Public Service Commissioner Brandon Presley (D-Nettleton) said yesterday that the Mississippi Public Service Commission (PSC) should have returned $31.8 million of over-collections by Entergy Mississippi back to customers Oct. 1 rather than allowing the company to hold the funds an additional six months, until April 2010.

Presley said the money was a result of over-collections of fuel adjustment charges paid by Entergy customers from April-July of this year.

In the PSC meeting, Presley cast the lone vote against Entergy’s request to allow the company to keep the overpayments until April 2010 instead of the usual practice of issuing refunds to customers Oct.1.

Presley said that if the over-collections were returned Oct. 1, the average residential customer would have seen a $10 reduction on his monthly bill. Instead, customers will see only a $1.23 reduction.

“It is a shame that Entergy will be allowed to hold onto $31.8 million of customers’ money for an additional six months while Mississippi families, businesses and industries struggle through some of the worst economic times since the Great Depression. This money came from Entergy’s customers and it ought to be returned to Entergy’s customers now.” Presley said.

Presley said the action yesterday made Mississippi residential, commercial and industrial customers “in effect, Entergy’s banker for the next six months.”

About Wally Northway


  1. Conside how much interest Entergy will receive on that money for all that time. Are the required to return the interest they earn on OUR MONEY? They should be. This is a common practce with entergy anyway.(overcharging customers) They have to return money every year. They should be fined for overcharging and the practice will stop. Once is a mistake, year after year is fraud!!!!!

  2. Using Brandon Presley’s numbers, he is outraged because Mississippi families are facing the worst economic times since the Great Depression, and 75 cents a week is going to make a huge difference. I’m not going to get up in arms over 75 cents a week on my electric bill. Now, I wouldn’t want someone holding on to my money to make a profit, but the truth is, that isn’t happening. Entergy will be returning the overcollection dollar for dollar PLUS interest. So Entergy’s customers will get more back than they paid in to the overcollection. Of course, that doesn’t make for good populism for a politician.

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