Mississippi Power files multi-party Kemper settlement that includes no rate increase
Mississippi Power filed this week a multi-party settlement agreement with the Mississippi Public Service Commission (PSC) for the costs of the natural gas plant in Kemper County, which includes no rate increases for Mississippi Power customers.
The settlement also includes removal of risk to customers for the gasifier and related assets and the operation of Kemper as a natural gas facility.
“The company believes this is a fair resolution that will make sure customers are not subjected to a rate increase related to the Kemper gasifier,” Mississippi Power Chairman, President and CEO Anthony L. Wilson said. “It is unfortunate that some parties are more interested in proposals that could decrease the strength of the company and place our operations at risk. We stand ready to continue discussions with other parties on this settlement to reach an equitable solution for all.”
Mississippi Power and Southern Company have paid over $6 billion in costs for the remainder of the project at Kemper facility, which has been providing electricity to customers since 2014.
The settlement now awaits approval by the PSC.
