Utilities respond to PSC’s call for new incentives

by MBJ Staff

Published: August 7,2011

Tags: electricity, energy, natural gas, utilities

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

[RSS Feed] [del.icio.us]



To sign up for Mississippi Business Daily Updates, click here.

POST A COMMENT

 

Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

Still planning that summer vacation?

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

FOLLOW THE MBJ ON TWITTER

Top Posts & Pages

%d bloggers like this: