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PSC unanimously rejects Entergy-ITC proposed merger

JACKSON — Mississippi utility regulators have unanimously rejected a merger proposal by Entergy Corp. and ITC Holdings Corp., saying the deal could have meant a $300-million rate increase for Mississippi customers over 30 years. “We respect Entergy’s desire to improve its organizational effectiveness, but the commission was not persuaded the transfer of ownership would be in the best interest of ...

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