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Tag Archives: interest rate

PSC pondering change to rate-setting policy

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 rates were much higher and ...

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

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. Southern Co. won’t say how ...

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Europeans expected to keep interest rate at record low

BERLIN — The European Central Bank is set to leave its benchmark interest rate at a record low of 1 percent for the 14th straight month when it meets this week amid ebbing concerns over the health of the continent’s banking sector and a modest recovery for the euro. With little prospect of rates changing soon, ECB President Jean-Claude Trichet ...

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