Entergy Mississippi files initial plan for implementing tax reform
Entergy Mississippi, Inc. filed Wednesday with the Mississippi Public Service Commission its preliminary plan for addressing savings due to tax reform, which reduced the corporate tax from 35 percent to 21 percent.
The company will file its formal plan in mid-March as part of its annual rate filing.
The initial plan includes short-term bill credits, long-term rate reductions and alleviation of some future rate increases. These measures are expected to begin this summer.
According to the plan, Entergy Mississippi expects residential customer bills to decrease by approximately $30 per month during July, August, and September.
“We intend to ensure that our customers receive timely benefits from the new tax reforms,” Haley Fisackerly, Entergy Mississippi president and CEO, said. “The tax reduction will allow us to reduce rates, provide substantial bill credits and lower our customers’ bills during the high-usage summer months.”
Without the tax reform, the company said, projects planned by Entergy to strengthen and modernize the grid would have required rate increases.
