The Mississippi Public Service Commission approved Entergy Mississippi LLC's notice of intent to modernize rates on Sept. 2.
At the September open meeting, the Commission took up an item on the energy agenda concerning Entergy’s annual ad valorem tax adjustment rider. Through this rider, the company can recover the exact amount of taxes paid, truing-up any over or under recovery. During the period of questioning, Commissioner Carr requested clarification on an apparent discrepancy in the true up from the prior filing and the true up in current filing.
During discussion of this Agenda Item Commissioner Carr asked the company about perceived inconsistent numbers in a memo. "So in the memo it states that the U parent frame up offset fell below 10.2 million to 9.7 and says it's $700,000 change. That's actually 500. Which figure is right? And how does 8.3 million total reconcile?" The commissioner asked. At Which point Executive Secretary Katherine Collier approaches the bench to explain that Commissioner Carr was referencing rounded numbers and with the actual numbers there was no discrepancy. For this reason, Commissioner Carr withdrew his question. The issue was resolved privately with the Commissioner. To be clear, there is no actual discrepancy in the verified dollar amounts included in Entergy’s filing.
The companies projected revenue increases resulted in a .41 cent per 1000 KWH reduction in rates for Entergy ratepayers.