State Treasurer announces state has paid of some of its debt

JACKSON, Miss. (WJTV) — The State of Mississippi has paid off some of its debt and it’ saving utility customers millions.

State Treasurer Lynn Fitch and the Public Service Commission held a news conference Thursday about the debt.

After Hurricane Katrina, the state used restoration bonds to help get the power back on for hundreds of customers. Fitch said the state paid off those bonds and saved customers over $30 million.

“When we paid off the bonds that meant they no longer will get the fee of 74 cents on their bill,” he said. “So that’s an immediate savings across the board.”

Fitch said Entergy customers will see the fee come of their bill next month.

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