PSC could rule on Mississippi Power rate-hike request today
Published: June 22,2012
KEMPER COUNTY — A rate increase for Mississippi Power Co. customers could be approved today.
The Mississippi Public Service Commission will consider a request by the company to raise rates by $58.6 million over the last six months of 20102. That money would start paying debt costs for the $2.76 billion coal-fired power plant the company is building in Kemper County.
Filings with the PSC show that the average residential customer’s bill would go up $20 a month, if a majority of the three commissioners approve.
Average bills for the company’s 185,000 customers would be 15.7 percent higher over six months. On a yearly basis, bills would rise 7.8 percent.
The unit of Atlanta-based Southern Co. had originally requested a rate increase over all of 2012 worth $97 million, or 11.7 percent.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- TECH 21 — Mississippi's most wanted in technology
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- Officials set hunting dates for birds; expands dove season by 20 days
- Mississippi judge dismisses lawsuit seeking to overturn Sen. Cochran's GOP primary win
- Judge expected to rule today on McDaniel's challenge of loss to Cochran
- Isle of Capri reports decreased in-state revenues; experiencing 'market pressures'
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- Circuit clerks question how to get records to McDaniel's trial
- Chefs John Folse and Rick Tramonto are dotting every ‘i’ and crossing every ‘t’ in the development of Seafood R’evolution, which is set to open in November