Regulators mull objections over Mississippi Power rate increase – Watchdog.org

Photo by Mississippi Power

OVERHEAD VIEW: The Kemper Project’s multi-billion dollar cost is a key issue in the upcoming election for three Public Service Commission members.

 

by Steve Wilson

December 1, 2015

“Four intervenors in the battle over the controversial Kemper Project “clean coal” power plant have filed objections with regulators over a possible deal that would reduce a Mississippi Power rate increase by 3 to 5 percent.

The Mississippi Public Service Commission received the objections from intervenors Thomas Blanton, who ran unsuccessfully for the PSC Southern District seat this year, and a joint brief filed by Chevron, several federal agencies and Greenleaf CO2 on Nov. 24. The group asked the PSC to reconsider giving Mississippi Power $126 million per year in rate increases to help cover costs on the components of the Kemper Project generating power on natural gas since 2014. That’s $32 million less than what the company asked for at the outset.

RELATED: Ten reasons the Kemper Project is bad for consumers

The intervenors also want a prudency hearing — which determines whether the company was justified in its spending on the power plant — delayed until the entire facility is in operation. If the PSC rules Mississippi Power’s spending on the plant was justified, it can pass those costs onto consumers via rate increases.”

Read more: Regulators mull objections over Mississippi Power rate increase – Watchdog.org

Other Important References by Steve Wilson:

Kemper Project costs increase by $62 million; now up to nearly $6.5 billion

 

Related: Cost of Kemper Project lost in the numbers

Related: Ten reasons the Kemper Project is bad for consumers

Related: Kemper Project makes for an expensive natural gas plant

 

Advertisements

One response to “Regulators mull objections over Mississippi Power rate increase – Watchdog.org

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s