Mississippi News
PSC announces $300 million settlement with Entergy

Alleging Entergy ‘over-profited’ from Grand Gulf, PSC announces $300 million settlement
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.
The settlement, the largest in the PSC’s history, ends Mississippi’s involvement in a multi-state dispute with Entergy. 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 $35 million in direct rebates from the settlement will be divvied up and amount to about $80 per Entergy Mississippi customer. Customers can choose to use that money as a credit towards their electric bill or get the amount in a check.
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.
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.
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. Because the power from Grand Gulf is sold wholesale, FERC regulates the prices that the energy is sold for.
The PSC alleged to FERC, which ruled on the settlement, that Entergy’s return on investment was higher than what FERC originally allowed. As a result, Entergy made more than it should have from charges that were passed onto customers, Northern District Commissioner Brandon Presley explained.
“Their return on equity was more than what it should have been,” he said. “That’s agreed to by the FERC. We were arguing that profitability was inflated and actually should have been less of a cost and translating to lower rates for Mississippians.”
Separately, Entergy’s other subsidiaries in Arkansas, Louisiana and the city of New Orleans are also facing litigation over Grand Gulf’s services. The regulators for those service areas are alleging that the station doesn’t run as effectively as other nuclear plants and charges customers for the plant to run even when it isn’t producing power, among other complaints.
Those three other regulators are also challenging the Mississippi PSC’s decision to increase output from the Grand Gulf station years ago, Presley said.

“That plant provides some of the lowest cost electricity that Mississippi is getting, with zero carbon emissions,” Presley said.
In addition to the $300 million, the settlement also puts a moratorium on Entergy’s future return on investment for the power station, Presley added.
In a statement Thursday, Entergy said that the “taxing, financing, accounting and operating of Grand Gulf before FERC are proper, well-reasoned and in the best interest of its customers and the company.
“However, Entergy officials explained that the ongoing cost of the dispute at FERC and the uncertainty it created for customers, employees and stockholders led the company to seek a resolution,” the utility provider said.
This article first appeared on Mississippi Today and is republished here under a Creative Commons license.
Mississippi News
Events happening this weekend in Mississippi: April 18-20

SUMMARY: This weekend (April 18-20), Mississippi offers a variety of events for all ages. In Jackson, enjoy Food Truck Friday, a jazz concert, free outdoor movie screenings, and multiple exhibitions including “Of Salt and Spirit” and “Hurricane Katrina: Mississippi Remembers.” For family fun, there’s an Easter Egg Hunt at the Ag Museum and “Bunnies & Butterflies” at MCM. Natchez features the Spring Pilgrimage, Lafayette’s 200th anniversary celebration, and a farmers market. In the Pine Belt, highlights include Live at Five, a Spring Candle-Making Workshop, and Easter events at the Hattiesburg Zoo. Don’t miss the Bluff City Block Party and more!
The post Events happening this weekend in Mississippi: April 18-20 appeared first on www.wjtv.com
Mississippi News
Events happening this weekend in Mississippi: April 11-13

SUMMARY: This weekend in Mississippi (April 11-13), enjoy a variety of events across the state. Highlights include the Eudora Welty Birthday Bash in Jackson, Trivia Night at the Mississippi Museum of Natural Science, and Boots & Bling Fundraiser in Natchez. For family fun, check out the Bunny Bonanza in Jackson or the Easter Egg Hunt in Clinton. The Natchez Concours d’Elegance Car Show and Stranger Than Fiction Film Festival offer cultural experiences, while the 12th Annual Dragon Boat Regatta in Ridgeland and the Hub City Classic Car Show in Hattiesburg provide exciting activities for all ages.
The post Events happening this weekend in Mississippi: April 11-13 appeared first on www.wjtv.com
Mississippi News
Ole Miss women get pair of double-doubles and roll to 83-65 March Madness win over Ball State

SUMMARY: Mississippi coach Yolett McPhee-McCuin found solace in returning to a different arena in Waco, Texas, following a disappointing previous tournament experience. The No. 5 seed Ole Miss Rebels redeemed themselves with an 83-65 victory over 12th-seeded Ball State in the NCAA Tournament’s first round. Starr Jacobs led the Rebels with 18 points and 11 rebounds, while Kennedy Todd-Williams and Madison Scott each scored 15 points. Ole Miss dominated rebounding, leading 52-32, and will face fourth-seeded Baylor next. Coach McPhee-McCuin noted the team’s evolution since their last visit and the significance of playing in Texas, where Jacobs feels at home.
The post Ole Miss women get pair of double-doubles and roll to 83-65 March Madness win over Ball State appeared first on www.wjtv.com
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