Posts Tagged ‘rate hike’

Mississippi Power CEO talks about rate hike for Kemper plant

KEMPER COUNTY — Mississippi Power Co. CEO Ed Holland has told a Mississippi newspaper that if a 22 percent rate hike is approved to pay for its Kemper County power plant, the company won’t try to hit up customers for more. Holland told The Clarion Ledger in a meeting yesterday that shareholders will eat hundreds […] [...]

TVA raises base rate; first hike in two years

NORTH MISSISSIPPI — The Tennessee Valley Authority is increasing its base rate by 1.5 percent, the first increase by the nation’s largest public utility in two years. The agency’s board of directors approved the hike and a $10.5 billion fiscal year 2014 budget at its meeting today. The new fiscal year begins Oct. 1. The […] [...]

Wind pool rate to go up 3.2% for homeowners, 5% on commercial policies

MISSISSIPPI GULF COAST — Insurance rates for the state wind pool are set to increase Dec. 1 on renewals and new policies. The Sun Herald reports a Mississippi Insurance Department filing shows owners of homes and mobile homes will see hikes of 3.2 percent, and commercial policies will go up 5 percent. Wind pool director […] [...]

Cochran backing bill to delay flood insurance premium increase

WASHINGTON — U.S. Sen. Thad Cochran (R-Miss.) is supporting legislation that would delay planned National Flood Insurance Program (NFIP) premium increases for one year. Cochran serves on the Senate Homeland Security Appropriations Subcommittee that approved legislation that would, among other things, impose a one-year prohibition on the use of any Federal Emergency Management Agency (FEMA) […] [...]

Fitch downgrades Mississippi Power after PSC blocks rate hike

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 […] [...]

Utility Authority seeking input from officials on proposed rate increase

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 […] [...]

PSC votes unanimously to deny Mississippi Power’s proposed rate hike

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 […] [...]

Mississippi Power petitions for rate hike to pay for Kemper plant

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 […] [...]

TVA power bills heading upward

by Published: April 13,2010

Tags: energy, rate hike, utility

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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