Supreme Court denies Miss. Power’s rate increase (Updated with clarification)
by Clay Chandler
Published: August 1,2012
Tags: Mississippi, Mississippi Business Journal, Mississippi Power Company, Mississippi Public Service Commission, Mississippi Supreme Court, Southern Company
Mississippi Power is now 0-2 when it comes to collecting money to pay for its Kemper County coal plant.
The Mississippi Public Service Commission in June denied a 13 percent rate increase that would have generated about $58 million. The company quickly appealed to the Mississippi Supreme Court, which affirmed the PSC’s ruling Tuesday afternoon. The court voted 8-0 to deny the rate increase. Chief Justice Bill Waller Jr. did not participate.
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