JACKSON, Miss. (AP) – Regulators are ordering Mississippi Power Co. to lower rates later this month and plan for refunds by November to customers who want them.
The Mississippi Public Service Commission voted 3-0 Tuesday to comply with a state Supreme Court order that found illegal the 2013 rate increase for the $6.2 billion plant.
The unit of Atlanta-based Southern Co. must roll back the 18 percent increase starting with the August billing cycle.
Commissioners say they’ll vote on a refund plan in August. Customers can choose a one-time refund check or credits against future bills over a longer period. Mississippi Power could have to borrow to pay refunds
Any rate decrease could be short-lived. Mississippi Power sought to increase rates after the court ruling and could enact increases as early as Sept. 12.
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