The court refused Thursday to reconsider its February ruling, despite requests from the power company, regulators and some business groups.
That leaves standing an order to the Public Service Commission to reverse an 18 percent rate increase and refund $337 million that’s been collected from 186,000 customers since 2013. The Thursday order instructs the commission to make refunds immediately.
The court found the increase illegal because regulators didn’t conduct hearings to ensure Mississippi Power was spending prudently on the $6.2 billion Kemper plant. It also ruled regulators used an illegal rate structure, didn’t notify all ratepayers and broke public meetings law by negotiating a deal in private.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info