Mississippi Power looks forward to presenting the facts of the settlement agreement the company reached with several parties on the costs of the Kemper County energy facility. The company previously filed the proposed settlement with the Mississippi Public Service Commission on Aug. 21.
The agreement proposed by the company and agreed to by several other parties would not raise customers’ rates to pay for the costs of the new natural gas plant in Kemper County which has been providing customers with electricity for more than three years. Southern Company and Mississippi Power have shielded customers and kept rates stable by paying more than $6 billion for the costs associated with the gasification portion of the project.
The agreement fully complies with the Commission’s directives to settle the Kemper issue – including no rate increase to customers. Mississippi Power’s settlement agreement includes:
- The removal of risk to our customers for the gasifier and related assets.
- No rate increase to customers.
- Operation of Kemper as a natural gas facility.
We believe the facts contained in the company’s filing demonstrate that Mississippi Power is operating in the best interest of customers and what is required to ensure the company’s financial stability.
Mississippi Power, a subsidiary of Southern Company (NYSE: SO), produces safe, reliable and environmentally responsible energy for nearly 187,000 customers in 23 southeast Mississippi counties. Mississippi Power ranked first in the Southeastern Electric Exchange’s 2016 Safety Performance Reports and is consistently recognized as an industry leader in reliability, customer service and safety. Visit our websites at www.mississippipower.com and www.mississippipowernews.com, like us on Facebook, and follow us on Twitter, LinkedIn, Google+ and YouTube.