4/29/2023 0 Comments We were here together plants![]() Hearing set in Mississippi lawsuit trying to prevent abortion ban Because the power from Grand Gulf is sold wholesale, FERC regulates the prices that the energy is sold for. When a utility company, in this case Entergy, builds or operates a power plant, the company gets a return on investment for those costs, agreed to by the regulatory body. The PSC first brought the dispute to the Federal Energy Regulatory Commission (FERC) in 2017 over “certain accounting and financing aspects” of the nuclear plant, the PSC said in a release. The PSC said in its press release that without the $200 million for offsetting rising natural gas costs, Mississippians would have seen an extra $15 on their electric bills starting in 2023. Customers can choose to use that money as a credit towards their electric bill or get the amount in a check. The $35 million in direct rebates from the settlement will be divvied up and amount to about $80 per Entergy Mississippi customer. ![]() As part of the agreement, $200 million of the settlement will go towards offsetting rising natural gas costs for customers, $35 million will go towards direct payments or bill credits to Mississippi ratepayers, and the remaining $65 million will go towards savings for future mitigation costs. ![]() The settlement, the largest in the PSC’s history, ends Mississippi’s involvement in a multi-state dispute with Entergy. The Mississippi Public Service Commission announced a $300 million settlement on Thursday with Entergy Mississippi over profits the company received in running the Grand Gulf Nuclear Power Station in Port Gibson. Whoops! There was an error and we couldn't process your subscription.
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