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PSC approves Mississippi Power ad valorem tax adjustment; staff, company explain calculation and customer impact
Summary
The commission approved Mississippi Power’s ATA 2 filing, which staff said increases the factor and would raise an average 1,000-kilowatt-hour residential bill by about 79¢. Company and staff explained the projection/true-up methodology and the property-tax formula used by the state.
The Public Service Commission approved Mississippi Power Company’s annual ad valorem tax adjustment (ATA 2) after a staff presentation and extended questioning by commissioners.
Miss Meyer (presenting for staff) told the commission Mississippi Power filed the ATA 2 on June 30. Staff said the proposed factor will increase and that the monetary amount associated with the change in the ATA factor is an increase of approximately $9,500,000; staff told commissioners the proposed change would raise a typical 1,000-kilowatt-hour residential bill by approximately 79¢ per month and…
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