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Senate clears $200–$250 million revenue-bond plan to finance electric utility winter-storm recovery
Summary
Lawmakers adopted a financing plan allowing state-issued revenue bonds for system restoration costs from the 2026 winter storm; sponsors said the bonds would be repaid via a system-restoration charge on electric bills, certified by the Public Service Commission, with a sinking fund and special-state fund mechanisms.
The Mississippi Senate adopted and passed legislation authorizing system-restoration revenue bonds to help electric utilities recover from damage caused by the 2026 winter storm.
Senator Harkins described the measure as modeled on post-Katrina financing and said the approach can lower the cost to ratepayers compared with private-market financing. "You're looking at a possible rate of about $3, almost $3 a month for about 30 years to cover the cost [under private financing]," Harkins said, and…
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