Mississippi Power says customers could get hit with 40 percent increase

Mississippi Power has told its customers to expect a rate increase of up to 40 percent if a Mississippi Supreme Court ruling stands.

The court ruled last month that an 18 percent rate increase to pay for its Kemper Plant, which is costing billions of dollars more than first estimated, was improperly granted. The court ordered Mississippi Power to refund money collected under that rate increase. But, before that happens, the company plans to ask the court for a rehearing, a spokesman said.

Sun Herald
3/3/15