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Mississippi Power’s Refunds On the Way to Customers

KEMPER COUNTY, Miss. – Mississippi Power customers could start getting refunds from the company in the next 90 days.

The money is repayment of an 18 percent rate increase the Mississippi Public Service Commission (PSC) approved to help pay for the Kemper County coal plant. But the Mississippi Supreme Court took it all back; deciding  that the hike was illegal and customers would get back the $353 million the company took in.

Included in a plan, given to the PSC Tuesday, Mississippi Power said the average residential customer with a monthly usage of 1,000 kWh – who had service during the entire period since Kemper collections began in March 2013 – could receive an average refund of $650.  Customers will have a choice of a check in the full amount, or credit to their power bills.

Details of the refund plan could be approved at the commission’s August 6 meeting, but not before a public comment period has ended.

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