Southern Pine Electric

About Southern Pine Electric

Southern Pine Electric is an electric cooperative. The largest county serviced by Southern Pine Electric is Rankin County, but the company also operates in in 12 counties in the state of Mississippi. The supplier has a total of 70,657 customers. There are 65,094 residential customer accounts, 5,516 commercial customers and 47 industrial customer accounts. Southern Pine Electric's consumers pay an average residential electricity rate of 14.41 cents per kilowatt hour, which ranks the company 43rd out of 50 companies in Mississippi and 1682nd out of 2885 in the country. In 2023 the company sold 1,868,776 megawatt hours by way of retail sales to end users. During the same timeframe, Southern Pine Electric purchased 1,950,451 megawatt hours through wholesale channels. The revenue for Southern Pine Electric for 2023 from electricity sales was $225,538,400, with $221,339,400 coming from retail sales to end users.

The national average monthly residential power bill is $142.37, while the Southern Pine Electric average is 15.82% more at $164.89 per month. Southern Pine Electric ranks 2318th in the US for average monthly bill amount. Electricity generation is not handled in house at the company, as they purchase power at wholesale rates from other suppliers and then resell to their consumers. The power grid owned by the company experiences 3.21 outages per consumer a year, with outages lasting roughly 316.88 minutes. The nationwide average for other companies is 1.44 outages per customer and approximately 123.49 minutes an outage.