Regulators Consider Mississippi Power Rate Increase

By: The Associated Press
By: The Associated Press

A rate increase for Mississippi Power Co.
customers could be approved Friday.

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 2012.

That money would start paying debt costs for the $2.76 billion coal-fired power plant the company is
building in Kemper County.

Filings with the PSC show that the average residential customer's bill would go up $20 a month, if a majority of the three commissioners approve.

Average bills for the company's 185,000 customers would be 15.7 percent higher over six months. On a yearly basis, bills would rise 7.8 percent.

The unit of Atlanta-based Southern Co. had originally requested a rate increase over all of 2012 worth $97 million, or 11.7 percent.

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  • by Me on Jun 22, 2012 at 12:22 PM
    Why in the hell do we have to pay extra? Because someone can't stay on budget? The money should come out of THEIR pockets, not ours because we aren't the ones who couldn't manage the money properly!!
  • by jr on Jun 22, 2012 at 11:51 AM
    PSC gives thumbs DOWN
  • by Easy4U2Say on Jun 22, 2012 at 10:16 AM
    So they have already raised rates once and they are already wanting to raise them again, and both times construction of the new plant was given as the reason. But they said the reason for building the plants was to provide savings on the cost of energy production. Now I'm confused. I guess they meant savings for the owners of southern company.
  • by YeahRight Location: HERE on Jun 22, 2012 at 09:23 AM
    Low cost reliable energy my ____!
    • reply
      by Ed on Jun 22, 2012 at 10:26 AM in reply to YeahRight
      Here comes another REPUBLICAN PSC protected raid on your money. Hang in there Brandon P. There is NO such thing as clean coal. If so where is it being done?. Anybody remember The Beef Plant???
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