Regulators plan vote on Mississippi Power rate increase

Mississippi Net Metering Rules Advance

JACKSON, Miss. (AP) — Mississippi's Public Service Commission is scheduled to meet Thursday and vote on whether it will give Mississippi Power Co. a rate increase.

The unit of Atlanta-based Southern Co. says it's running out of cash and needs an emergency 18 percent rate increase, in part because of the costs of building a $6.2 billion power plant in Kemper County.

Mississippi Power wants the commission to raise rates on an interim basis, making the $159-million-a-year increase permanent after examining whether the company spent wisely on parts of the plant already generating electricity.

Opponents say the company wants to take back an 18 percent rate cut ordered by the state Supreme Court in February, and say the move defies the ruling. Mississippi Power plans to issue $350 million in refunds under the order.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs