0000092122-13-000016.txt : 20130306 0000092122-13-000016.hdr.sgml : 20130306 20130306092620 ACCESSION NUMBER: 0000092122-13-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130305 ITEM INFORMATION: Other Events FILED AS OF DATE: 20130306 DATE AS OF CHANGE: 20130306 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MISSISSIPPI POWER CO CENTRAL INDEX KEY: 0000066904 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 640205820 STATE OF INCORPORATION: MS FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11229 FILM NUMBER: 13668282 BUSINESS ADDRESS: STREET 1: 2992 WEST BEACH CITY: GULFPORT STATE: MS ZIP: 39501 BUSINESS PHONE: 2288641211 MAIL ADDRESS: STREET 1: 2992 WEST BEACH CITY: GULFPORT STATE: MS ZIP: 39501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHERN CO CENTRAL INDEX KEY: 0000092122 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 580690070 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03526 FILM NUMBER: 13668281 BUSINESS ADDRESS: STREET 1: 30 IVAN ALLEN JR. BLVD., N.W. CITY: ATLANTA STATE: GA ZIP: 30308 BUSINESS PHONE: 4045065000 MAIL ADDRESS: STREET 1: 30 IVAN ALLEN JR. BLVD., N.W. CITY: ATLANTA STATE: GA ZIP: 30308 8-K 1 ms-so8xkmpscdecision3x13.htm 8-K MS - SO 8-K MPSC Decision 3-13



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)    March 5, 2013    

Commission
File Number
Registrant, State of Incorporation,
Address and Telephone Number
I.R.S. Employer
Identification No.
 
 
 
1-3526
The Southern Company
(A Delaware Corporation)
30 Ivan Allen Jr. Boulevard, N.W.
Atlanta, Georgia 30308
(404) 506-5000
58-0690070
 
 
 
001-11229
Mississippi Power Company
(A Mississippi Corporation)
2992 West Beach
Gulfport, Mississippi 39501
(228) 864-1211
64-0205820

The names and addresses of the registrants have not changed since the last report.

This combined Form 8-K is filed separately by two registrants: The Southern Company and Mississippi Power Company. Information contained herein relating to each registrant is filed by each registrant solely on its own behalf. Each registrant makes no representation as to information relating to the other registrant.

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))








Item 8.01
Other Events.

See MANAGEMENT'S DISCUSSION AND ANALYSIS - FUTURE EARNINGS POTENTIAL - “PSC Matters - Performance Evaluation Plan,” “PSC Matters - Fuel Cost Recovery,” and - “Integrated Coal Gasification Combined Cycle” of Mississippi Power Company (“Mississippi Power”) in Item 7 and Note 3 to the financial statements of The Southern Company (“Southern Company”) under “Integrated Coal Gasification Combined Cycle” and Note 3 to the financial statements of Mississippi Power under “Retail Regulatory Matters - Performance Evaluation Plan,” “Retail Regulatory Matters - Fuel Cost Recovery,” and “Integrated Coal Gasification Combined Cycle” in Item 8 of each company's Annual Report on Form 10-K for the fiscal year ended December 31, 2012 (the “Annual Report”) for information regarding the integrated coal gasification combined cycle plant under construction in Kemper County, Mississippi (the “Kemper IGCC”), the settlement agreement between Mississippi Power and the Mississippi Public Service Commission (the “MPSC”) entered into on January 24, 2013 (the “Settlement Agreement”), the Performance Evaluation Plan (“PEP”), and the fuel cost recovery mechanism.
In compliance with the Settlement Agreement, on January 25, 2013, Mississippi Power requested a $172 million (annualized amount) increase in rates for 2013 based upon projected investment as of December 31, 2013 in the Kemper IGCC, with such amounts to be recorded as a regulatory liability to be used to mitigate rate impacts when the Kemper IGCC is placed in service. On March 5, 2013, the MPSC issued an order with respect to Mississippi Power's request which allows Mississippi Power an annual rate designed to collect $125 million for 2013, escalating to $156 million in 2014 (the “2013 Kemper IGCC Order”). This represents a 15% and 3% increase in retail rates, respectively.







As a result of the 2013 Kemper IGCC Order, Mississippi Power plans to modify the rate recovery plan filed with the MPSC on February 26, 2013 for the Kemper IGCC for 2014 through 2020, the first seven years of its operation, to conform to the terms of the 2013 Kemper IGCC Order. While the 2013 Kemper IGCC Order differs from Mississippi Power's proposal for 2013, the rate level established for 2013 and 2014 is sufficient to allow Mississippi Power to modify its rate recovery plan such that no additional revenue adjustments would be required under the plan.
On March 5, 2013, the MPSC also approved a $15.3 million (1.9%) increase under Mississippi Power's PEP and a $34.5 million (4.7%) decrease due to an annual adjustment to the retail fuel cost recovery factor.
The new rates will become effective with the first billing cycle of April 2013.
The ultimate outcome of these matters cannot be determined at this time.

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:March 6, 2013
THE SOUTHERN COMPANY


By  /s/Melissa K. Caen
          Melissa K. Caen
         Assistant Secretary
 
 
 
MISSISSIPPI POWER COMPANY


By  /s/Melissa K. Caen
          Melissa K. Caen
         Assistant Secretary

- 2 -



GRAPHIC 3 socologo_lh.jpg begin 644 socologo_lh.jpg M_]C_X``02D9)1@`!`0$`8`!@``#_X0`617AI9@``24DJ``@```````````#_ MVP!#``@&!@<&!0@'!P<)"0@*#!0-#`L+#!D2$P\4'1H?'AT:'!P@)"XG("(L M(QP<*#7J#A(6&AXB)BI*3E)66EYB9 MFJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?H MZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!`0$!`0````````$"`P0%!@<("0H+ M_\0`M1$``@$"!`0#!`<%!`0``0)W``$"`Q$$!2$Q!A)!40=A<1,B,H$(%$*1 MH;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF)R@I*C4V-S@Y.D-$149'2$E*4U15 M5E=865IC9&5F9VAI:G-T=79W>'EZ@H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::G MJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:XN/DY>;GZ.GJ\O/T]?;W M^/GZ_]H`#`,!``(1`Q$`/P#WZBBB@`HHHH`****`"BBB@`HHHH`****`"BBB M@`HHHH`****`"BBB@#+US58=&TB>^FQ\B_*O]YCT'YUPW@'Q3+/J5QI]_*6: MY=IH2QZ,>67Z=Q]*R_B%K_\`:6K?V?`W^C6A(;'\4G?\NGYUR,$TEM/'/"Y2 M6-@Z,.H(Z5QU*[5339'UF!R>,\$^=>]/7T[?\$^CJ*Q_#>M1Z[I$-VF!(1MD M4?PL.H_K^-;%=:::NCY6I"5.;A)6:%HHHIDA17)ZUXYLM+NI+:&%[F>,[7VG M:JGTSWJ/0_'46KZC%8FQDCDD)PRN&`XSS4\RO8?*]SL**YK7O&5CHTIMPC7% MT/O1H7C?<1^&!0Y)#Y6=[16!K'B>#3M&@U.WC%U M#,X5=K8Z@_X5'I7BD:KHU]J(M#&+0,=A?.["YZXXI\RV%9G1T5Q>G>/EU"69 M!IS)Y<#S9\W.=HSCI53_`(6:O_0*;_O\/\*7.A\K._HKC+7QZ+FPOKK^SV7[ M*J';YOWMS8]*O^'/%0\027*"S,'DJ&R7W9SGV]J%),7*SI**XW3O':ZAJT-B M-/:,RR;-_FYQ[XQ46H?$%;#4;FT.FL_D2%-WF@9QWZ4BN/TCQTFK3 MW$:V)C\FW>;/F@YV]NE4/^%FIC/]EM_W^'^%'.@Y6=_17*:+XXL=6NTM)(7M MI9#A-S!E8^F?6JE_\0$L-2N+-M.9A#*8RXD'.#UQBCF6XE\.:X-?L)+D0 (4VEMV>`<_K3NKV%9VN;%!ICNL:% MV("J,DFO/;GXIPQ7,L<.G-+$K$+)Y@&X>N,5,IQA\3.C#X2OB6U2C>QK>*_! M=MKL9NK0+!?@<-T63V;_`!KR.[M)["ZDMKJ%HYHSAE8?YXKT+_A:Z_\`0(;_ M`+_#_"K&IR6'BKP=-K6H67V-H=WD2A@SG''H,@GC%I]%@:V,P*4, M1'W&[+5-IOYZG,>`]?\`['UI;>9\6MT0CYZ*W\+?T_&O:,\U\VU[/X%\0?VU MH@BF;-W;823/5A_"W^?2GAJGV&1G^!VQ,%Y/]'^AUE%%%=9\N>1:]X;U6PU6 MXN5M7GMVF:1)$7>,$Y^85K:!XPCEU2&*^TZVCF;]W'/"FT@GL1Z&DNK+QM;W MUS-`TNV:1FVQ2JR@$\8!Z4W0/!NIRZM%?:FODQQR>:0S`N[9SVZ"O$-Y,JSPF-1QOFER%'MR319K2 MP73UN5$FD;P9+$Q)C2]4I[94YK?\(D?\(9KO/\+_`/HNM]_!]M_PBYT>.3$F M[S/.(ZR>I'IVKC&\(>);8R6\4#&.3AO*F`1Q[\_SHLT%TQO@>&.X\1"&5`\; MP2*RGH01R*A\8V-KIWB"2WLX5AA$:$(O3)%=GX/\*3:-))>7K)]I==BHAR$' M?GUK,\6^&-6U77I+FSMEDB,:J"9`.0/>CE?*',N8GU/3+&R^'[SVULD4L\,) ME9>K<@\UQ^BZIJFF/,VF*2TB@28BW\=OI7I&JZ5=W/@I=.AB#70BC79N`Y!& M>?PK.\$Z#J6C37K7L(C$J*$PX.2,^E-Q=U82>C.-\+DGQ5IY/4S9/ZTS7"R^ M*;YE7'_``;J,.I$ M:E:JMK)"\;D2`XR.*;3=@36IE^'=.EUOQ(+BW2.""*83NH;[B[L@`=_2JVKV MTEYXMO;:$`RRW3JH/>J$'YE-=Q\./\`D`S_ M`/7P?Y"J7BSP=Y]:U_!^EWNC:-/#=PA93*75%8' M(P._X4XIJ6HFTUH9?Q%\0?8M/&EP/B>Z'[P@\K'W_/I^=>3UV6K>$O%6KZI/ M?3V2;Y6R!YR_*O8#GL*I_P#"`>)/^?%?^_J_XURU5.3N$'MZG\!S7LVK>'M-N-!M]-NKEK:SM]N-L@0'`P,D M_G7GMGX,\66$_GVEN(I=I4,)DR`>N/2FW/@KQ;>/ONH6G;UDN0W\S3IW@G>- M[F6.=+%58RC7C%1\TW!;$$?VK=S./X8&#G\PN/UJCI.OZ3H.L1W6GV MU\8S\DIGF7E#U^4#MUZTW_A`/$G_`#XK_P!_5_QH_P"$`\2?\^*_]_5_QI7G M>ZC;Y%Q6$<'"K7YD^\E^A[/%/%-$DJ.&1U#*1T(/-%W3\**[%/S/E9X6TFE)/YK_,[.BBBK.06DHI:`$HHHH`****`. M1\4^,%T23[':QK+=XRQ;[L8/3/J:P-&\;:Q=ZS:6T[P/%-,L;#R\8!/8UA>) MUD7Q/J(E!W><3SZ=OTQ7I%CJ6@2:=;0VDUHI.U88N-P?MQUSGO62;;W-+)+8 MQ?$7CMK2[DL],CC=HR5>:3D9[@#^M8]K\0]7CE#7"P7$>>5"[3^!%8>EFVAU MVW.I+F!9OWP89[]_QKIO'=UH]Q#:"Q:W>X#$EH,<)CH<>]+F;UN.R6ECIM0\ M2(?",FL:>PW8`4.,[6R`01[5S_A[QMJ-]K=O:7Q@\F8E/D3:0V.._K6!'+)% MX'F0YV37ZA??"9/]*I?9IK&SL-40G$DC;3Z,A%#D[@HH[#Q-XSU#3=;EL[$P M^5$`&+IN.[&3WK2A\1W./$<^[R8X9-HRVRW)P/4X-= M)X4\7MK4[V=W$D=RJ[E9/NN!UX[&N&T#4M3TZ>NVT#6&U;P\E\VWSPK"0`G-INI?;;A([@Q!;96!)+`YS^@'X MUN^`=1\MK[3G/$L1E0>X&#^G\J<9.^H2BK$5G\0M46\B-X('MMW[P)'@X]N: MZ/Q=XDN]*M]/FTUXF2YW';K8PW498'R>C`D$=? MH:NW_C:>/PW875L8OMT[%9`5R%V]>/?BI[72%UCX=6L&!YJQEXF/9@3_`#Z5 MY]I]C+J.HV]BAP\LFSG^'U--MH229Z9H$^NZQI:WL\]O#O8[%\GJH[]?7-%= M):V\=I:0V\0Q'$@1?H!BBM+$7)Z2EHJB0HHHH`*2EI*`"EQ248H`YWQ%X/M- M?=9_--MY2DSC MM>\#6^J73W5I/]FGH1B+/(A0Y/Y]*]&HQ0X+<. M9G*:YX.^WZ?8V-C,EM;VNX[64MN)QS]>OYTLW@\S>$X-',Z^;"^]9MO&$3:^%KO2?.5IKD[FFV\9R,<>V*I6/@FZL]*U&Q-]$WVQ4` M(0_*5.TFVERH?,SC?#G@R?0]76]DO(Y5",NU4(/-1 MZYX#&I:G)>6ES';B7ET9"?F[D?6NVQQ2XHY5:PE+M7;MVC;Z8XH`?13``H MPH`'7`I<\_I0`ZBF^I].*4&@!:*;GI[TZ@`Ia:0!GYLC.1CMZ=J6B@`I* -6B@!****`"BBB@#_V3\_ ` end