July 28, 2014 5:41 AM ET

Electric Utilities

Company Overview of Mississippi Power Co.

Company Overview

Mississippi Power Company, a vertically integrated utility, provides electricity to retail customers in the State of Mississippi and to wholesale customers in the Southeast. It is involved in the generation, transmission, and distribution of electricity. It serves various customers, including rural electric cooperative associations and municipalities. The company was founded in 1924 and is based in Gulfport, Mississippi. Mississippi Power Company is a subsidiary of The Southern Company.

2992 West Beach Boulevard

Gulfport, MS 39501

United States

Founded in 1924

1,344 Employees

Phone:

228-864-1211

Key Executives for Mississippi Power Co.

Chairman of the Board
Age: 61
Chief Financial Officer
Age: 49
Chairman of Southern Company
Age: 57
Principal Accounting Officer and Comptroller
Vice President
Compensation as of Fiscal Year 2014.

Mississippi Power Co. Key Developments

Mississippi Power Announces Earnings Results for the First Quarter Ended March 31, 2014

Mississippi Power announced earnings results for the first quarter ended March 31, 2014. For the quarter, operating revenues were $331 million compared to $246 million a year ago. Loss before income taxes were $301 million compared to $415 million a year ago. Net loss available to common shares was $172 million compared to $246 million a year ago.

Mississippi Power Co., Annual General Meeting, May 21, 2014

Mississippi Power Co., Annual General Meeting, May 21, 2014., at 10:00 US Eastern Standard Time. Location: at the offices of the company's affiliate, Georgia Power Company. Agenda: To elect eight members of the board of directors; and to transact any other business that may properly come before the meeting or any adjournment or postponement thereof.

Mississippi Power Co. Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Mississippi Power Co. announced earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported operating revenues of $268 million compared to $236 million a year ago. Earnings before income taxes were $1 million compared to loss before income taxes of $36 million a year ago. Net income available to common shareholders was $13 million compared to net loss available to common shareholders of $15 million a year ago. For the year, the company reported operating revenues of $1,145 million compared to $1,036 million a year ago. Earnings before income taxes were $843 million compared to loss before income taxes of $122 million a year ago. Net income available to common shareholders was $477 million compared to net loss available to common shareholders of $100 million a year ago.

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