Regulators and Mississippi Power Co. disagree over how much money the company should get for the functioning portion of its Kemper County power plant.
The unit of Atlanta-based Southern Co. wants customers to pay for $277 million in assets than the Public Utilities Staff believes is justified. Although the difference would initially have little impact on rates, staff Executive Director Virden Jones says customers would pay substantially more over time under Mississippi Power’s plan.
Jones says Mississippi Power would be overcharging. Mississippi Power says it’s entitled to even more money, and that it needs solid financial support to recover from the $6 billion it’s already lost on Kemper.
Monday, the utility filed documents seeking a Public Service Commission vote on its proposal. Commissioners say they’ll meet to discuss the situation.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info