Posts Tagged ‘Mississippi Public Service Commission’

Kemper rate mitigation bill similar to 2009 Georgia law

Four years ago, lawmakers in Georgia’s General Assembly approved a bill designed to lessen the rate shock for Georgia Power Co. customers related to the utility’s construction of nuclear power units. Mississippi lawmakers are considering a similar bill for Mississippi Power Co.’s Kemper County coal plant. >> Read complete story here …   [...]

Sierra Club: Poll shows customer opposition to rate hikes via Kemper coal plant

The Sierra Club was supposed to release last Thursday the results of a poll meant to gauge Mississippi Power Co. ratepayers’ attitudes toward the Kemper County coal plant. The environmental group delayed the results because of a hearing in which the Mississippi Public Service Commission reached a rate case settlement with the utility. >> Read […] [...]

PSC to ask utilities to extend small business incentives

The Mississippi Public Service Commission’s December meeting will likely contain an agenda item meant to encourage a handful of utility companies in the state to extend incentives for their small business customers. Mississippi Power Co., Entergy Mississippi and CenterPoint Energy Resources all offer some kind of incentives or payment modification plans to small businesses that […] [...]

Mississippi lacks state tax credits, net metering for alternative energy

Currently it is more profitable for businesses to go “green” by purchasing energy-efficient and alternative energy devices than it is for residents, says Shelley Rhoden, president of Alternative Energy Solutions. “The reason for that is because there are MACR (Modified Accelerated Cost Recovery) tax benefits for businesses,” Rhoden said. “This year businesses have a 50 […] [...]

September 24, 2012- Ricky Nobile

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Contractors dispute claim of shoddy work at Kemper

Since late March, the projected cost of Mississippi Power Co.’s Kemper County coal plant has gone from $2.4 billion to $2.8 billion. The latest figure is the cap the Mississippi Public Service Commission imposed on the project. David Newell, president of the Central Mississippi Building and Construction Trades Council, said he isn’t surprised. In an […] [...]

PSC to examine formula rate plans for Entergy, MPC

The Mississippi Public Service Commission voted 3-0 last week to begin an examination of the formulas used to calculate return on equity for Mississippi Power Company and for Entergy Mississippi. Return on equity (ROE) is the amount of net income returned as a percentage of shareholders equity. It is used to measure a corporation’s profitability […] [...]

Supreme Court denies Miss. Power’s rate increase (Updated with clarification)

Mississippi Power is now 0-2 when it comes to collecting money to pay for its Kemper County coal plant. The Mississippi Public Service Commission in June denied a 13 percent rate increase that would have generated about $58 million. The company quickly appealed to the Mississippi Supreme Court, which affirmed the PSC’s ruling Tuesday afternoon. […] [...]

Mississippi Power appeals rate hike denial

A few hours after a second overrun for its Kemper County coal plant was revealed, Mississippi Power Co. said last week it was appealing the Public Service Commission’s denial of a rate increase the company had requested to help pay for the facility. The company appealed the PSC’s order to the Mississippi Supreme Court. On […] [...]

Kemper coal plant costs surge again

The Kemper coal plant’s Independent Monitors’ Report for the period through the end of May shows the project has crept closer to the $2.88 billion cap the Public Service Commission imposed on it. Monitors, hired by the Commission to oversee construction, now estimate that the cost to build the lignite coal-fired generation facility will reach […] [...]

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