Cochran: PSC may not OK Mississippi Power rate increase

By By Sheila Blackmon/The Meridian Star
Nov. 10, 2001
JACKSON Public Service Commission Chairman Nielson Cochran said Friday he believes it's unlikely that Mississippi Power Co. will receive approval to raise electric rates 9.5 percent.
With the economy performing poorly, Cochran said, Mississippi Power Co. couldn't have "picked a more horrible time to request rate relief."
Mississippi Power filed a petition in August with the PSC, seeking a 9.5 percent rate increase. Cochran and the other commissioners will approve or deny the proposal based on findings from the hearing.
Cochran, who represents Meridian as the Central District commissioner, said the PSC is expected to decide the rate issue by Dec. 3. If the PSC approves an increase, it likely would take effect in January.
Residential service for 1,000 kilowatt-hours now costs about $80 a month; a 9.5 percent increase would raise the price to $87.60 a month. Mississippi Power serves 191,000 customers across Meridian and Southeast Mississippi.
Mississippi Power officials say the rate increase they requested is needed to fund operations for continued service and to give investors added incentives so the company can compete in today's market.
Cochran said commissioners expect four or five additional exhibits to be filed by Nov. 20. They also await legal documents from each company and organization that testified at the public hearing in opposition to the increase.
And, Cochran said, he has asked Mississippi Power for the exact cost of operating the two new generation units at its power plant and the revenue they would need from customers to cover the cost.
Cochran said he believes commissioners will be
Sheila Blackmon is a staff writer for The Meridian Star. Call her at 693-1551, ext. 3275, or e-mail her at sblackmon@themeridianstar.com.

Franklin County

PROGRESS 2024: Veteran Spotlight – Thomas Randall Miller

Franklin County

Community Spirit Bank announces promotion

Franklin County

Police search underway for man wanted in three states

Franklin County

Local students earn collegiate honors

East Franklin

PHOTOS: East Franklin Junior High awards honors

News

Traveling band makes stop at Phil Campbell High School

News

Russellville Parks and Rec holds adult sandlot softball game

Galleries

PHOTOS: Community celebrates Fourth of July with annual Jam on Sloss Lake

News

Second Canadian Phil greeted by town

Franklin County

Franklin County Schools lead nurse school nurse named administrator of the year

News

Former Russellville resident performs in ‘Miracle Worker’

Galleries

PHOTOS: Russellville, Red Bay public libraries enjoy summer reading program events

Franklin County

PROGRESS 2024: Veteran Spotlight: Robbie Richardson

News

University of Mississippi announces spring Chancellor’s Honor Roll

News

PHOTOS: Community turns out for Phil Campbell Festival

Franklin County

University of Alabama announces spring graduates

Franklin County

Dean’s, president’s lists students named for UA spring term

Franklin County

PROGRESS 2024: Veteran Spotlight – Hugh Plott

Galleries

PHOTOS: Inaugural downtown Russellville Art Crawl winners

Galleries

PHOTOS: Russellville Public Library holds princess, pirates bounce party

Franklin County

Northwest Shoals Community College signs 24 students in FAME class

Franklin County

PROGRESS 2024: Veteran Spotlight – Tony Chard

News

Car show benefit helps raise needed funds

News

Russellville High School varsity cheerleaders attend UCA cheer camp

x