PSC approves Mississippi Power's request for interim rate relief

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August 13, 2015

PSC approves Mississippi Power's request for interim rate relief

The Mississippi Public Service Commission today approved Mississippi Power's request for an interim 18-percent rate to begin recovering costs of Kemper assets that have been supplying electricity for more than a year.

The emergency temporary rate will be under bond and subject to refund.

The Commission has scheduled a hearing for Nov. 10 on more permanent rate options, with the intent to issue a final order on or before Dec. 8.

The interim rate relief restores a predictable cash flow, so the company can begin to regain needed financial stability until a permanent rate solution is reached.

Mississippi Power will continue to work with the Commission and Public Utilities Staff to develop a permanent rate recovery structure that minimizes the impact to customers, while enabling the company to recover costs associated with the Kemper project.