Mississippi: PSC approves fuel cost rate change

AP News
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Posted: Jan 11, 2012 3:15 PM
Mississippi: PSC approves fuel cost rate change

State regulators have approved Mississippi Power Co.'s proposed decrease in the amount it recovers in its annual fuel filing.

Mississippi Power's fuel costs are recovered from customers on a dollar-for-dollar basis. The company does not earn a profit on the fuel used to generate electricity.

Public Service Commission chairman Leonard Bentz says Mississippi Power customers will see an average of $2.20 reduction in their residential electric bills. Average usage is considered 1,000-kilowatt hours.

Bentz says the decrease should show up in utility bills as soon as February 2012.

Mississippi Power, a Southern Co. subsidiary, serves approximately 188,000 customers in 23 southeast Mississippi counties.