The Kemper Plant was designed to maximize capital investment so as to maximize the company’s rate of return on capital from ratepayers in the form of rate hikes. Confidentiality of certain key documents played a major role in the plant clearing several early regulatory hurdles. Changing the process by which documents are kept out of the public eye will be essential to preventing another Kemper like disaster from happening again.
BPF’s Supplemental Testimony by Mr. Erik Randolph was filed with the PSC on August 23rd.
The MS Public Service Commission is investigating implementing an integrated resource planning (IRP) process for electric utilities. As described by the PSC, IRP is “a long range planning process that requires a utility to forecast it’s future energy demand and evaluate how that demand can most efficiently and cost-effectively be met.”
Bigger Pie Forum was approved Friday to participate in a docket with the Mississippi Public Service Commission that will decide how the commission reviews the future generation needs and capacity of the state’s two investor-owned utilities, Mississippi Power and Entergy.
The PSC will now hire outside firms to audit Entergy and Mississippi Power whenever they come before the commission with a rate case to make sure the company is spending its money prudently on capital costs, salaries and other expenses.
Bigger Pie Forum commissioned a study of the structure of PSCs around the country. Among its many discoveries, the study found that Mississippi’s arrangement, which has an investigative staff that is a separate entity from the PSC, is unique among the states.