Northern District Public Service Commissioner Brandon Presley along with other members of the Mississippi Public Service Commission has opened a second inquiry into the fuel adjustment rates charged by Entergy Mississippi and Mississippi Power Company.
Presley cited that Entergy Mississippi currently charges 12.83 percent on all under collections while MPC charges 13.25 percent. He also cited that current prime lending rate is only five percent, which is much less than the charges allowed by the companies under the current procedure.
“This is just one more example where we find that the current system of collecting for fuel charges is badly broken and in serious need of reform,” Presley said. “During a time when ratepayers are being hit by high prices at every turn, how can we allow utility companies to charge ratepayers almost three times the amount they would be charged by the bank?”
Presley also added that while interest is paid back to the ratepayers for any overcharges, that payback sometimes several months, therefore still hurting the ratepayer most of all.
“This whole idea of having to calculate interest on undercharges and overcharges, once again, proves that the system of projecting fuel charge costs needs major overhauling,” he said. “We could save the utility company’s accounting departments a whole lot of work figuring all this interest, if we just stop projecting and speculating and just simply charge ratepayers that actual costs of fuel and not guess when it come to Mississippians power bills.”
Presley cited data from the New York Mercantile Exchange that consistently showed natural gas prices have been below the prices projected.
Natural gas is currently trading at less than $7 while the company projected costs to be $8.
Local News
Presley opens second inquiry into power companies fuel adjustments
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Renovation begins
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Veterans to be remembered at ‘Aisle’
Memorial Day will be highlighted Monday with the observance of the Aisle of Honor at Parkway Cemetery where 331 flags will be flown to honor deceased Veterans of Attala County.
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Nail, Halderman qualify for race
Two have qualified with the Attala County Circuit Clerk Wanda Fancher for the office of Attala County Sheriff in the special election set this week for Nov. 6 by the board of supervisors.
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Special election date set
Following the Attala Election Commission’s request to set the date for a special election, the Attala Board of Supervisors in its regular meeting on Monday morning set the date for Nov. 6.
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Relay for Life brings in $50,000 despite rainy weather Friday
Closing ceremonies were held shortly after 5 o’clock Saturday morning at Hugh Ellard Park ending this year’s 12-hour Relay for Life , but not ending the drive for the American Cancer Society.
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Classes of 2012 graduate Friday
Seniors at Kosciusko, Ethel, and McAdams High Schools will receive diplomas in final exercises Friday night beginning with Ethel at 6 o’clock, Kosciusko at 7, and McAdams at 8.
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East wing of hospital opens to the public
The east win of Montfort Jones Memorial Hopsital opened May 11 after a short ribbon cutting and a few words were spoken by officials and community leaders.
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Sniper rifle purchased for KPD
At the request of Kosciusko Police Chief R.J. Adams, the Kosciusko Board of Aldermen approved the purchase of a sniper rifle for the department during the May 1 board meeting.
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City Arrests
The Kosciusko Police Department reports the following arrests:
– On Monday, James C. Erving, 60, was charged with disregard for traffic device, no proof of insurance and possession of liquor in a dry county on Highway 12 West by officer Jimmy Evans. -
Attala School board hires staff for next school year
The staff and faculty of the Attala County School District has been hired for the upcoming school year during the May 7 meeting of the Attala County School Board meeting.
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