Mississippi Business Journal » ratepayer

Court denies AG’s motion to remand Entergy case to Chancery

MBJ Staff — Mon, 27 Aug 2012 13:03:32 +0000

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 [...]

The post Court denies AG’s motion to remand Entergy case to Chancery appeared first on Mississippi Business Journal.

TVA board meets — Kilgore retiring and rates to stay steady

Associated Press — Fri, 17 Aug 2012 13:08:41 +0000

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 [...]

The post TVA board meets — Kilgore retiring and rates to stay steady appeared first on Mississippi Business Journal.

Ratepayers watching closely as TV board meets to craft budget

Associated Press — Thu, 16 Aug 2012 16:05:19 +0000

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 [...]

The post Ratepayers watching closely as TV board meets to craft budget appeared first on Mississippi Business Journal.

PSC pondering change to rate-setting policy

MBJ Staff — Wed, 08 Aug 2012 16:22:17 +0000

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 [...]

The post PSC pondering change to rate-setting policy appeared first on Mississippi Business Journal.

Could better interest rates, sales offset Kemper plant cost overruns?

Associated Press — Tue, 07 Aug 2012 12:16:17 +0000

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. [...]

The post Could better interest rates, sales offset Kemper plant cost overruns? appeared first on Mississippi Business Journal.

Mississippi Power appealing PSC’s rate increase rejection

Associated Press — Tue, 10 Jul 2012 12:29:33 +0000

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 [...]

The post Mississippi Power appealing PSC’s rate increase rejection appeared first on Mississippi Business Journal.

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 [...]

The post Fitch downgrades Mississippi Power after PSC blocks rate hike appeared first on Mississippi Business Journal.

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 [...]

The post Utility Authority seeking input from officials on proposed rate increase appeared first on Mississippi Business Journal.

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 [...]

The post PSC votes unanimously to deny Mississippi Power’s proposed rate hike appeared first on Mississippi Business Journal.

PSC could rule on Mississippi Power rate-hike request today

Associated Press — Fri, 22 Jun 2012 15:51:42 +0000

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 [...]

The post PSC could rule on Mississippi Power rate-hike request today appeared first on Mississippi Business Journal.