Investor Presentation - September 2021
Mississippi regulatory summary
Average-rated regulatory jurisdiction by RRA
Rate Stabilization Adjustment (RSA)
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RSA provides for annual rate performance reviews rather than periodic rate cases
Formulaic approach to ROE setting with equity capitalization currently set at 50%
Rate adjustment when ROE is outside a 1% band of allowed ROE (10.03%)
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- 50% of the amount over the allowed return going to a rate reduction, or
75% of the deficiency toward a rate increase
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Fixed rate structure and weather normalization mechanism effective with 2018-19 heating season
Supplemental Growth (SG) Rider
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Program through Oct. 2021 for up to $5M in investment
Qualified industrial development projects earn a 10-year supplemental return at 12.0% ROE
Mississippi Public Service Commission - commissioners elected to 4-year term
Dane Maxwell, Chair (R) - 2023 (Southern District)
Brandon Presley (D) - 2023 (Northern District)
Brent Bailey (R) - 2023 (Central District)
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