MBJ readers vote overwhelmingly against rate increase for Mississippi Power Company

July 11, 2012

Business

Mississippi Business Journal readers, so far, are overwhelmingly against Mississippi Power Company being awarded a rate increase which would help pay for the Kemper County coal plant.

Mississippi Power is appealing to the Mississippi Supreme Court the Public Service Commission’s decision not to act on rate increase requests until the litigation surrounding the facility is finished.

To this point, 89 percent of MBJ readers, who voted in the poll, believe the Supreme Court should deny the request for the rate increase.

On June 22, commissioners voted 3-0 to deny a 13 percent rate increase the company wanted to employ to help pay for the Kemper plant. The increase would have generated about $58 million. As part of the denial, commissioners said they would not rule on any rate increase requests until the state’s high court had its say on the Sierra Club’s latest legal challenge to the facility. The environmental advocacy organization has opposed the plant from the jump, calling it expensive and unnecessary.

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