2026-09-08T18:01:10-04:00 2025-12-31 135565207 KPMG LLP ONE FINANCIAL PLZ STE 2300 PROVIDENCE RI 029032485 990 2025-01-01 646193927 MISSISSIPPI ECONOMIC RESOURCE TRUST MISS 5045992191 701 POYDRAS STREET STE 3100 NEW ORLEANS LA 701397727 HANCOCK WHITNEY BANK TRUST TAX MGR 5045992191 2026-09-01 true PAUL DEALMEIDA P01066850 6892065200 2026-09-01 2025 HANCOCK WHITNEY BANK 701 POYDRAS ST STE 3200 NEW ORLEANS LA 701397727 13338183 false X N/A X 2009 MS MISSISSIPPI POWER COMPANY, A MISSISSIPPI CORPORATION, DETERMINED THAT THERE IS A NEED TO ENCOURAGE ECONOMIC GROWTH AND INVESTMENT IN THEIR SERVICE AREA AND WITHIN THE STATE OF MISSISSIPPI.THE PURPOSE OF THIS TRUST IS TO (1) PROVIDE FUNDS TO IMPROVE THE ECONOMIC GROWTH AND DEVELOPMENT OF BUSINESS AND INDUSTRY IN MS THROUGH FUNDING A SEED CAPITAL CORPORATION OR SIMILAR ENTITY.(2) THE TRUST WILL PROVIDE THE DEPARTMENT OF ECONOMIC DEVELOPMENT OF THE STATE OF MS WITH FUNDS FOR A RESOURCE PRESENTATION CENTER.(3) THE TRUST ENCOURAGES PRIVATE INDUSTRY TO CONTRIBUTE, INVEST, AND PARTICIPATE IN THE ECONOMIC DEVELOPMENT IN THE STATE OF MS IN THE SPIRIT OF THE ECONOMIC DEVELOPMENT REFORM ACT. 1 1 0 0 0 2000000 0 505845 1110482 68 505845 3110550 305499 1023638 0 25525 28767 0 0 34334 41233 365358 1093638 140487 2016912 13075414 15085326 0 0 13075414 15085326 X MISSISSIPPI POWER COMPANY, A MISSISSIPPI CORPORATION, DETERMINED THAT THERE IS A NEED TO ENCOURAGE ECONOMIC GROWTH AND INVESTMENT IN THEIR SERVICE AREA AND WITHIN THE STATE OF MISSISSIPPI.THE PURPOSE OF THIS TRUST IS TO (1) PROVIDE FUNDS TO IMPROVE THE ECONOMIC GROWTH AND DEVELOPMENT OF BUSINESS AND INDUSTRY IN MS THROUGH FUNDING A SEED CAPITAL CORPORATION OR SIMILAR ENTITY.(2) THE TRUST WILL PROVIDE THE DEPARTMENT OF ECONOMIC DEVELOPMENT OF THE STATE OF MS WITH FUNDS FOR A RESOURCE PRESENTATION CENTER.(3) THE TRUST ENCOURAGES PRIVATE INDUSTRY TO CONTRIBUTE, INVEST, AND PARTICIPATE IN THE ECONOMIC DEVELOPMENT IN THE STATE OF MS IN THE SPIRIT OF THE ECONOMIC DEVELOPMENT REFORM ACT. false false 1023638 1023638 PROJECT READY. MS POWER'S ECONOMIC DEVELOPMENT DEPARTMENT, THROUGH IT'S ECONOMIC DEVELOPMENT TRUST, LAUNCHED PROJECT READY, AN UNPRECEDENTED INDUSTRIAL SITES PROGRAM, TO ATTRACT NEW INDUSTRIES TO SOUTHEAST MISSISSIPPI. THE PURPOSE OF THIS PROGRAM IS TO GET SE MS DEVELOPMENT READY IN AN EFFORT TO LURE NEW INDUSTRIES AND BETTER QUALITY JOBS TO THE AREA. PROJECT READY WILL IDENTIFY SITES IN EACH COUNTY THAT ARE APPROPRIATE FOR DEVELOPMENT AND IMPROVE THE READINESS OF THOSE SITES ALREADY IN THE ECONOMIC OPPORTUNITY INVENTORY IN THE REGION. 1023638 false true false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false false X 1 1 false false false false false false false true true false false true false false false false false false MS X MERT TRUST COMMITTEE 2288641211 2992 WEST BEACH BLVD GULFPORT MS 395024079 HANCOCK WHITNEY BANK TRUSTEE X 28767 0 0 28767 0 0 false false false 2000000 2000000 522366 522366 10815749 10227633 588116 588116 588116 68 68 68 3110550 1110550 1023638 1023638 28767 28767 1000 1000 29509 29509 10724 10724 1093638 1023638 70000 0 300747 416254 12774667 14669072 13075414 15085326 0 0 X 13075414 15085327 -1 13075414 15085326 13075414 15085326 X 2016912 -7000 X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true PROJECT READY MISSISSIPPI POWER ECONOMIC DEVELOPMENT DEPARTMENT 2992 WEST BEACH BLVD GULFPORT MS 395024079 640205820 1023638 ATTRACT NEW INDUSTRIES TO SOUTHEAST MS BY IDENTIFYING SITES APPROPRIATE FOR DEVELOPMENT AND IMPROVE THEREADINESS OF THOSE SITES. EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2 THE TRUSTEE SHALL APPLY THE TRUST FUND, AT SUCH TIMES, IN SUCH MANNER AND IN SUCH AMOUNTS AS IT SHALL BE DIRECTED BY THE COMMITTEE. LINE 1a AND LINE 1b HANCOCK WHITNEY BANK IS SOLE TRUSTEE, BUT MISSISSIPPI POWER COMPANY APPOINTS AN ACTION COMMITTEE OF 3 OR MORE INDIVIDUALS. THE ACTION COMMITTEE MAKES DISTRIBUTION RECOMMENDATIONS ANNUALLY AND HELPS SET INVESTMENT OBJECTIVES. FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW HANCOCK WHITNEY BANK AS TRUSTEE AND AS GOVERNING BODY PREPARES AND REVIEWS THE FORM 990 ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST MISSISSIPPI ECONOMIC RESOURCE TRUST WILL MAKE AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. FORM 990, PAGE 7, PART VII, SECTION A HANCOCK WHITNEY BANK TRUSTEE TRUST COMMITTEE COMPOSED OF J. CORLEY, D. MASON, M. WILSON, R. KELLY EXPLANATION FOR FORM 990, PART XI, LINE 9 MUTUAL FUND INCOME TIMING DIFFERENCE ($956), PURCHASE ACCRUED INTEREST ($491), ROC ADJUSTMENT $2,156, AND BASIS ADJUSTMENTS ($3,530). OTHER ADJUSTMENT ($4,179)