Energizing the Future slide image

Energizing the Future

Mississippi regulatory summary Average-rated regulatory jurisdiction by RRA Rate Stabilization Adjustment (RSA) - 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 (9.83%) - 50% of the amount over the allowed return going to a rate reduction, or - 75% of the deficiency toward a rate increase 0 Fixed rate structure and weather normalization mechanism effective with 2018-19 heating season Supplemental Growth (SG) Rider Program through Oct. 2024 for up to $5M investment -Qualified industrial development projects qualify for forward-looking rate base treatment 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) 31 Spire | Investor presentation - August 2022
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