PSC approves joint stipulation lowering Spire's requested RSA increase

The Public Service Commission approved a joint stipulation in Spire Mississippi's annual formula rate plan (the rate stabilization adjustment, RSA) that reduced the company's originally requested revenue increase.

Staff told commissioners Spire's initial filing sought approximately $804,000 in added revenues, which would have increased the average residential bill by about $1.52 per month. Staff recommended adjustments to the rate base and expenses, which collectively reduced the stipulated revenue requirement to $589,000 and lowered the residential impact to approximately $1.36 per month. "Staff finds the filing to be a fair representation of the company's revenue requirement," Miss Myrick said.

Spire agreed to staff's recommended adjustments and entered into the joint stipulation on Nov. 25. A motion to approve the proposed order was moved, seconded and carried by voice vote.

The commission's approval implements the joint stipulation for the stated test year and directs the company to recover the stipulated revenue over the remaining rate period through October 2026 as described in the filing.