Mississippi Business Journal » rate hike

Fitch downgrades Mississippi Power after PSC blocks rate hike

MBJ Staff — Tue, 03 Jul 2012 20:36:21 +0000

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 [...]

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Utility Authority seeking input from officials on proposed rate increase

Associated Press — Fri, 22 Jun 2012 22:06:20 +0000

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 [...]

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

Clay Chandler — Fri, 22 Jun 2012 17:39:29 +0000

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 [...]

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Mississippi Power petitions for rate hike to pay for Kemper plant

Associated Press — Thu, 14 Jun 2012 14:11:32 +0000

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 [...]

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TVA power bills heading upward

Associated Press — Tue, 13 Apr 2010 11:29:02 +0000

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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