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.
PSEG Long Island received an award recently for innovation in digital engagement. The CS Week Expanding Excellence Award for Innovation…
For the second month running, Florida Power & Light Company (FPL) will reduce customer rates, thanks to approved cuts to…
A new study by National Grid and RMI seeks to better understand how integrated energy planning (IEP) and non-pipeline alternatives…
Valley Forge, Pa.-based PJM Interconnection said Thursday it anticipates having enough resources to meet electricity demand for what weather forecasters…
Mon Energy of West Virginia will begin award negotiations with the United States Department of Energy (DOE) in coming days…
Innovative legislation will help Duke Energy Progress customers in South Carolina save $35 million in repair costs from a series…
This website uses cookies.