Mississippi Power reaches final settlement on Kemper costs

GULFPORT, MS (WLOX) – Mississippi Power on Friday announced an agreement concerning the remaining costs associated with its Kemper County plant. If approved by the Public Service Commission, it will mean customers won’t see a rate increase related to Kemper.

In fact, this settlement means Mississippi Power customers would see about a 1 percent decrease on power bills. That’s roughly $1 a month saved for residential customers using 1,000 kWh of electricity…

…The settlement agreement is with the Mississippi Public Utilities Staff, Chevron and Federal Executive Agencies. Mississippi Power officials say it meets the directives issued by the Public Service Commission, including:

– The removal of risk to Mississippi Power customers for the gasifier and related assets.
– No customer rate increase related to Kemper.
– Operation of Kemper as a natural gas facility.