A utility giant faces a federal investigation over a $7.5 billion coal-fueled power plant that Mississippi regulators pushed the electrical utility into partly cancelling.
Years of contention and threatened electric rate increases ended Tuesday as utility regulators approved a settlement declaring how much Mississippi Power Co. customers should pay for their share of a troubled $7.5 billion power plant.
Facing political pressure to give a utility what it wanted, the Mississippi Public Service Commission on Thursday balked.
It’s beginning to sound like 2010 again at the Public Service Commission.
Mississippi’s three public service commissioners said Tuesday that they would decide by January how much customers should pay for a disputed power plant.
Regulators and Mississippi Power Co. disagree over how much money the company should get for the functioning portion of its Kemper County power plant.
The company that supplies lignite coal to Mississippi Power Co.’s Kemper County power plant says it will lay off 75 workers at the mine.
The man in charge of negotiating a settlement to wind down Mississippi Power Co.’s coal-fueled power plant project says the company has already made proposals.
One of the nation’s largest utilities, faced with an ultimatum from Mississippi regulators, said Wednesday that it will suspend efforts to complete a first-of-its-kind coal-fueled power plant.
Mississippi utility regulators want to pull the plug on costly technology at a first-of-its-kind power plant, saying one of the nation’s largest utilities should absorb more than $6.5 billion in losses and ratepayers should pay nothing more.