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Tag Archives: rate

Commissioners approve second part of Entergy's rate increase

JACKSON — Entergy Corp. will raise customer bills again starting later this month to pay the costs of Entergy Mississippi buying a share of the Grand Gulf nuclear plant from sister company Entergy Arkansas. A residential customer who uses 1,000 kilowatt hours per month will see his or her bill increase $2.78 per month from the current amount, according to ...

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BauerFinancial gives Hancock Bank five stars — again

GULFPORT — Hancock Bank has received a “Superior 5-Star” rating from BauerFinancial Inc. for the quarter ending Sept. 30. Hancock Bank has now earned a recommended rating from Bauer (5-Stars or 4-Stars) for the past 93 consecutive quarters — more than 23 years. “Consumers and businesses alike have come to depend on Bauer’s rating system as they navigate through their ...

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Entergy raising rates; cites storm, fuel costs, acquisitions

JACKSON — Entergy Mississippi customers will see a rate increase of about 5 percent in early 2013, according to the utility. The typical residential customer using 1,000 kWh will pay $95.63 in January and $99.71 in February. For comparison, in February 2012, the typical customer paid $95.08 per 1,000 kWh of electricity. “Electricity rates are determined by a number of ...

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Fitch gives hospital bonds 'negative' outlook

HATTIESBURG — Fitch Ratings has affirmed its “A” rating on the following bonds issued on behalf of Forrest County General Hospital (Forest Health) (MS): — $70,000,000 Mississippi Hospital Equipment and Facilities Authority revenue bonds, series 2010; — $43,265,000 Mississippi Hospital Equipment and Facilities Authority, series 2009. The Rating Outlook is revised to “negative” from “stable.” Forrest Health owns and operates ...

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Pine Belt city raises rates for third straight year, but not taxes

LAUREL — Residents in Laurel will see an increase in their water, sewer, and garbage rates effective Nov. 1. WDAM TV reports the Laurel City Council voted 5-1 in favor of increasing rates for the third straight year. City officials say the rate increase will go to helping repair the city’s dilapidated water sewer system. Mayor Mack says, although residents ...

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

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 with the ruling, but we ...

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TVA board meets — Kilgore retiring and rates to stay steady

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 joined TVA in 2005. He ...

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Ratepayers watching closely as TV board meets to craft budget

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 lower the price that wholesale ...

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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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Mississippi Power appealing PSC's rate increase rejection

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 court rejects its appeal. ...

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