GULFPORT, MS (WLOX) - Mississippi Power customers could expect to see an average of $650 coming from the company in the next 90 days.
Mississippi Power on Tuesday filed a plan with the Mississippi Public Service Commission outlining how it will return approximately $350 million to customers. That's the amount collected since 2013 for Kemper-related rate increases.
The average residential customer with a monthly usage of 1,000 kWh – who received service during the entire period since Kemper collections began in March 2013 – could receive an average refund of $650. Customers will be able to choose a refund check, or a credit to their power bills.
Tuesday's filing was in response to the PSC's July 7 vote requiring Mississippi Power to return the money in accordance with a recent ruling by the Mississippi Supreme Court.
Details of the refund plan could be approved at the commission's August 6 meeting, but not before a public comment period is held.
Mississippi Power estimates it will take at least 60 days following the commission's approval to complete all necessary calculations and verifications in order to begin issuing refunds.