Mississippi Power told to cut rates but allowed to collect for the Kemper upgrade

State utility regulators voted unanimously to adopt a settlement that will help consumers but still pay the company for part of it’s the 6.5- billion invested in the Kemper County power plant. Overall the commission cut back on an approved 18- percent emergency rate increase to about 15 percent. Ultimately the agreement lets Mississippi Power raise rates on their 186- thousand customers by 126- million a year. A residential customer using 1- thousand kilowatt hours a month will save about 5- dollars. Mississippi Power will credit bills with an estimated 12- million in refunds within 90 days so customers can expect to get back about 22- dollars.

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