Miss. Power seeks rate increase to pay fuel costs

Mississippi Power Co. says it needs to charge more in 2014 for fuel as part of its yearly rate evaluation.

The unit of Atlanta-based Southern Co., in a filing with the Mississippi Public Service Commission, says it wants to raise rates by 3.35 percent. For residential customers, bills would go up 2.66 percent per month, the company says. That works out to $3.54 a month for a customer using 1,000 kilowatt-hours per month, but the average Mississippi resident uses more.

Commercial and industrial charges can vary with usage, but examples prepared by Mississippi Power for regulators show a commercial customer’s bill would go up 3.54 percent and an industrial customer’s bill would go up 4.56 percent.