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.