Mississippi Power Company Retirement Benefits Trust
THE MISSISSIPPI POWER COMPANY POST RETIREMENT MEDICAL WELFARE BENEFITS TRUST IS A TRUST FORMED FOR THE PURPOSE OF RECEIVING, HOLDING, AND INVESTING FUNDS TRANSFERRED FROM MISSISSIPPI POWER COMPANY FOR THE PURPOSE OF PAYING POST RETIREMENT MEDICAL AND LIFE INSURANCE BENEFITS TO MISSISSIPPI POWER COMPANY RETIRED EMPLOYEES. THE MISSISSIPPI PUBLIC SERVICE COMMISSION REQUIRES MISSISSIPPI POWER COMPANY TO PLACE THE AMOUNT OF THESE RETIREMENT BENEFIT COSTS INCLUDED IN THE COMPANY'S ELECTRIC RATES IN AN EXTERNAL TRUST FUND. THE TRUST WAS FORMED SOLELY FOR THAT PURPOSE.