Published 5:28 pm, Wednesday, June 3, 2015
JACKSON, Miss. (AP) — Regulators should block rate increases for Mississippi Power Co.’s Kemper County plant until all the mandates of a stateSupreme Court decision are fulfilled, Hattiesburg oilman Tommy Blanton says.
It was Blanton’s lawsuit that threw financing arrangements for the $6.2 billion plant into doubt. In a Tuesday filing before the Mississippi Public Service Commission, Blanton’s lawyer wrote that the three-member regulatory body shouldn’t enact any of the three recent rate plans proposed by Mississippi Power.
The move comes at a time when Blanton is running as a Democrat for the southern district PSC seat.
Blanton said that before regulators can raise rates, they first must follow the state Supreme Court’s February order to refund $337 million already collected for the plant. He also said the PSC must roll back 18 percent increases it imposed in 2013.
View original post 340 more words