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.