Mississippi Power to refund customers

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.

(Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s