by MBJ Staff Published: July 3,2012
Tags: credit, credit rating, debt, debt rating, downgrade, electric distribution, electric generation, elecvtricity, energy, power, Power plant, rate hike, ratepayer, state agency, utility
GULFPORT — Fitch Ratings has downgraded the Issuer Default Rating (IDR) of Mississippi Power Company (Mississippi Power) to “A-“ from “A” and revised the Rating Outlook to “negative” from “stable.” Fitch wrote: “The downgrade is driven by the recent Mississippi Public Service Commission (MPSC) order to deny Mississippi Power’s revenue increase request to earn a [...] [...]
by Associated Press Published: June 22,2012
Tags: construction, infrastructure, municipal government, municipality, rate, rate hike, rate increase, ratepayer, utility, waste, waste treatment, water
HERNANDO — The DeSoto County Regional Utility Authority is asking officials in Southaven, Olive Branch, Hernando, Horn Lake and Walls to comment on a proposed rate increase. The Commercial Appeal reports the proposal calls for a 20-cent rate hike to help cover an increase of about $511,000, tied to operating costs and construction, over this [...] [...]
by Clay Chandler Published: June 22,2012
Tags: electricity, energy, power, power bill, rate, rate hike, rate increase, ratepayer, state agency, utility, utility bill
Public Service Commissioners voted 3-0 Friday morning to deny a rate increase proposed by Mississippi Power Co. for the Kemper County coal plant. The company had asked for a 13 percent rate increase that would have lasted until the end of 2012. In their denial, commissioners said they would not consider rate increases associated with [...] [...]
by Associated Press Published: June 14,2012
Tags: construction, electric distribution, electric generation, electricity, energy, power, power distribution, power generation, Power plant, rate, rate hike, ratepayer, state agency, utility
KEMPER COUNTY — Mississippi Power Co. wants a 6 percent rate increase to pay for the coal-fired power plant it is building in Kemper County. Jeff Shepard, a spokesman for the Gulfport-based unit of Southern Co., said yesterday that would increase the company’s overall revenue from its 193,000 customers by about $50 million. The Mississippi [...] [...]
NORTH MISSISSIPPI — A third straight monthly increase in the Tennessee Valley Authority’s (TVA’s) monthly fuel rate means residential bills will go up by an average of $1, starting in May. The utility’s fuel cost adjustment for billing periods starting May 1 means residential monthly bills will increase between 50 cents and $1.50, depending on [...] [...]
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