Mississippi state government ended fiscal 2012 with the same solid credit ratings with which it started the year. Whether the Magnolia State maintains its strong credit in the years to come could hinge on the effectiveness of measures to fund the Public Employees’ Retirement System of Mississippi, or PERS. The pension funding picture is expected [...] [...]
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by Clay Chandler Published: July 15,2012
Tags: Anthony Topazi, Brandon Presley, Fitch ratings, Leonard Bentz, Lynn Posey, Mississippi Power Company, Mississippi Public Service Commission, public utility, sierra club, Southern Company
A few hours after a second overrun for its Kemper County coal plant was revealed, Mississippi Power Co. said last week it was appealing the Public Service Commission’s denial of a rate increase the company had requested to help pay for the facility. The company appealed the PSC’s order to the Mississippi Supreme Court. On [...] [...]
Pearl Mayor Brad Rogers said he expects Fitch Ratings to soon issue a correction to the news today that the company is downgrading the city’s credit rating. Rogers said, “The city of Pearl is in the strongest financial position it’s been in in a long time. There are no problems.” Fitch Ratings withdrew its ‘BBB-’ [...] [...]
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