For the last 15 years, the consumption of electricity and the price of electricity has been stable and in line with border states.
That’s about to change big time as Entergy Mississippi plans to spend $3 billion to feed the new Amazon data centers, which will slurp up almost as much electricity as everyone else on the grid.
Entergy Mississippi will borrow the money at 6 percent and get a 10.5 percent guaranteed return on top of that. That’s $500 million a year, a thousand dollars per year for each Entergy Mississippi customer. Ironically, that’s exactly how much Bezos paid for his latest 417-foot yacht, Koru.
That’s enough to buy Bezos a new yacht every year. Maybe our geniuses at the Mississippi Development Authority can segue that into a new yacht building facility for Jackson.
Another three billion or so and we can dredge the Pearl and Bezos can dock on the reservoir. Just think of the multiplier effect!
It’s a win-win for everybody, especially the 20 percent of Entergy Mississippi ratepayers living in poverty with barely any disposable income. What’s another thousand dollars a year for AC and electricity to them?
