Utilities respond to PSC’s call for new incentives
JACKSON — According to Northern District Public Service Commissioner Brandon Presley, companies have responded to his request to craft incentives to encourage small business development and job creation in Mississippi.
Entergy Mississippi, Atmos Energy Corporation, CenterPoint Energy Resources and Wilmut Gas & Oil Company have laid out specific incentives, such as reduced rates, waived security deposits and encouragement of existing vacant building development that will go into effect on or before Sept. 9.
Mississippi Power Company’s plan for small businesses will be filed in the coming days.
Presley said that the Commission would soon introduce a similar measure for existing small businesses. He said getting that measure passed would take more time, but hoped to have it completed within the next month.
The following rate incentives for job creation that will go into effect on or before Sept. 9:
• Entergy Mississippi — net monthly rate (base rate) reduced by 15 percent for 24 billing months for those who take service before Dec. 31, 2012; security deposit may be paid in three monthly installments and may substitute a surety bond or letter of credit for deposits of $2,000 or more; applies to new small businesses that open in buildings that have been unoccupied for at least preceding six months
• Atmos Energy Corporation — customer charge and distribution charge (non-fuel charges) reduced by 25 percent for 12 billing months for those who take service before Sept. 1, 2013; security deposit is waived; applies to any new customer account under the applicable commercial Rate Schedule 305
• CenterPoint Energy Resources Corp. — base rate (non-fuel charges) reduced by 15 percent for 12 billing months for those who take service before Jan. 1, 2013; security deposit reduced by 50 percent (CenterPoint already allows bonds and letters of credit to secure deposit); applies to new small businesses that open in buildings that have been unoccupied for at least preceding six months
• Wilmut Gas & Oil Company — entire customer charge (including fuel costs, excluding service charges) reduced by 7 percent for one year for those who take service before Jan. 1, 2013; may substitute a surety bond or letter of credit for deposits; applies to new small businesses that open in buildings that have been unoccupied for at least preceding six months
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