Commission approves fuel adjustment
JACKSON — The Mississippi Public Service Commission (MPSC) has approved Entergy Mississippi Inc.’s quarterly fuel adjustment, meaning customers rings in the New Year with the lowest electric bills in six years, according to the utility. From January through March, the typical residential bill will drop 11 percent.
Based on the latest adjustment, typical residential customers using 1,000 kilowatt hours a month will pay about $79.50 for the first quarter of 2010, compared to $89 for the first quarter of 2009. That’s a difference of nearly $10.
“Natural gas prices continue to remain low to the benefit of our customers,” said Haley Fisackerly, president and CEO of Entergy Mississippi. “We’re also working closely with the MPSC and the Mississippi Public Utilities Staff to do everything we can to keep rates stable through at least summer.”
Natural gas prices peaked at more than $13.50 per MMBtu in July 2008 before falling under $3.00 per MMBtu in Sept. 2009. Prices have since settled in above the $5 per MMBtu range, and predictions are they will remain near this level or move slightly higher.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- JACKSON JILTED —Southwest Airlines pulling up stakes and leaving Mississippi
- Eye clinic operator faces Medicaid fraud charges
- Mega-load move could cause traffic issues
- NEW ORLEANS SAINTS MOVING — Mississippi company has the task of moving the football team
- M&F branches to close as Renasant wraps up merger
- Gaming Commission gives nod to Coast city's first casino
- New owners plan cautious change for Highland Village
- Hood issues opinion on open-carry gun law
- Aldermen review adult business ordinance, call public hearing
- New boutique hotel to replace Oxford’s Downtown Inn