Entergy Mississippi tax savings to lower bills for customers
Published 9:00 am Thursday, June 28, 2018
JACKSON, Miss. (AP) — An energy company says customers will experience more than $300 million in benefits under a plan the Mississippi Public Service Commission approved.
Entergy Mississippi announced Wednesday the plan is a result of the Tax Cuts and Jobs Act that reduced the corporate tax rate from 35 percent to 21 percent.
Entergy Mississippi Inc. President and CEO Haley Fisackerly says in a statement the plan will let the company reduce rates and provide credits that will lower bills during summer months. He says it also lets Entergy avoid a rate increase that would have resulted from nearly $1 billion of improvements made to modernize its grid during the past three years.
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The typical customer bill for 1,000 kilowatt-hours will decrease more than $12 per month from July through September.