Miss. consumers to see lower utility bills

Entergy Mississippi just can’t cut electrical rates fast enough to keep up with falling natural gas prices, and Mississippi Power Co. isn’t far behind.

The unit of New Orleans-based Entergy Corp. will cut rates by $102 million in coming months on its 442,000 Mississippi customers. For residential customers who use 1,000 kilowatts of electricity per month, bills would fall from $93 now to $82 in April. Then in July, such monthly bills would fall again to $80.

An additional rate cut because of lower natural gas prices also appears likely by Mississippi Power Co. In a February filing, the unit of Atlanta-based Southern Co. said its fuel costs are projected to be $62 million over what the company earlier forecast.

Clarion Ledger
3/9/16