by MBJ Staff Published: August 27,2012
Tags: bench, case, court, decision, electricity, energy, judge, judicial, judiciary, law, lawsuit, legal, power, rate, ratepayer, remand, ruling, state government, utility
JACKSON — The U.S. District Court for the Southern District of Mississippi has denied the state attorney general’s motion to remand a lawsuit against Entergy Mississippi Inc. and other Entergy companies to state Chancery Court, according to Entergy. Under the ruling, the lawsuit will continue to be addressed by the U.S. District Court. “We’re pleased [...] [...]
by Associated Press Published: August 17,2012
Tags: board of directors, budget, electricity, energy, executive, executive search, power, rate, ratepayer, retire, retirement, utility
NORTH MISSISSIPPI — Tennessee Valley Authority president Tom Kilgore is retiring. TVA announced that the board of directors has a process underway to recommend a new president and CEO. Kilgore announced his retirement at the end of the meeting. He will serve as the head of the federal utility until a successor is hired. Kilgore [...] [...]
by Associated Press Published: August 16,2012
Tags: board of directors, budget, electricity, energy, meeting, power, power bill, power generation, rate, ratepayer
NORTH MISSISSIPPI — Electricity rates for Tennessee Valley Authority customers in seven states are on the agenda for the utility’s board of directors. The board meets today in Knoxville and will vote on the budget for the fiscal year that begins Oct. 1. Part of the financial plan will be deciding whether to raise or [...] [...]
by MBJ Staff Published: August 8,2012
Tags: bill, cool, cooling, elevtricity, energy, heat, heating, interest rate, natural gas, rate, ratepayer, state agency, utility
JACKSON — Northern District Public Service Commissioner Brandon Presley reports the Mississippi Public Service Commission (PSC) has opened an inquiry into whether reduced borrowing costs for electric utility companies and other factors should translate into lower rates for customers. The PSC voted 3-0 to open the inquiry. Presley said current rates were set when interest [...] [...]
by Associated Press Published: August 7,2012
Tags: byproducts, coal, construction, cost overrun, electricity, energy, interest rate, plant, power, ratepayer, sales, state agency
KEMPER COUNTY — Lower interest rates and higher sales of byproducts could allow Mississippi Power Co. to make up for higher costs at the power plant it’s building in Kemper County. Officials say customers won’t have to pay more to cover the plant’s cost, which has risen from $2.4 billion to more than $2.8 billion. [...] [...]
by Associated Press Published: July 10,2012
Tags: appeal, bench, court, electric plant, electricity, elecvtric bill, energy, judicial, judiciary, justice, power, power bill, Power plant, rate, ratepayer, state agency, utility
GULFPORT — Mississippi Power Co. asked the state Supreme Court yesterday to overturn regulators’ rejection of a rate increase. And while that appeal is going on, the company wants the high court to allow it collect the additional $55 million from customers. The unit of Atlanta-based Southern Co. would have to refund the money if [...] [...]
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 22,2012
Tags: coal, electric, electric generation, electricity, power, power generation, Power plant, rate, ratepayer, state agency, utility
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 [...] [...]
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