GULFPORT, Miss., Nov. 23, 2015 /PRNewswire/ -- Mississippi
Power today announced it has filed a fuel cost request with the
Mississippi Public Service Commission that would reduce the portion
of customer bills related to fuel. Based on the request, a
residential customer using 1,000 kWh of electricity per month could
see an average savings of $13.70 on
their total monthly bill.
If approved by the PSC, the lower fuel rates will go into effect
in February. The total annual reduction in fuel costs in 2016 is
approximately $120 million.
The requested decrease is being driven by the company's ability
to take advantage of lower fuel prices.
"I am very pleased with the operation and reliability of all of
our generating plants and the team of employees who support them,"
said Anthony Wilson, Mississippi
Power president. "Customers are receiving direct benefits from our
ability to deliver clean, safe, reliable and affordable electricity
from a flexible fuel portfolio."
The cost of fuel is a separate component of customers'
electricity bills. The recovery of fuel costs is allowed under
Mississippi law and Mississippi
Power does not earn a profit on fuel costs.
Mississippi Power is committed to meeting customers' future
energy needs with a diverse mix of resources, including
21st century coal, natural gas and renewables. The PSC
recently approved the company's partnerships in the development of
105 MW of utility-scale solar energy projects, the largest solar
installations in the state.
Mississippi Power, a subsidiary of Southern Company (NYSE: SO),
produces safe, reliable and environmentally responsible energy for
more than 186,000 customers in 23 southeast Mississippi counties. Mississippi Power earned
the 2015 ReliabilityOne™ Award for outstanding midsize
utility for excellence in storm restoration and recovery efforts as
well as being a leader in reliability, customer service and safety.
Visit our websites at mississippipower.com and
mississippipowernews.com, like us on Facebook, and follow us on
Twitter, LinkedIn, Google+ and YouTube.
Logo -
http://photos.prnewswire.com/prnh/20141211/163911LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/mississippi-power-proposes-nearly-14-decrease-per-month-in-fuel-costs-for-residential-customers-300183276.html
SOURCE Mississippi Power