PSC could rule on Mississippi Power rate-hike request today
by Associated Press
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.
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