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.
Kemper has a long tail. Customers, PSC and MPUS must be patience and remain diligent.
MPCO brazenly threatens recovery of all costs associated with the gasifiers, definitely not in the best interests of its customers. The PSC tilts the scales toward the consumer threatening a Show Cause Order which demands MPC prove the need of the Kemper Project in the first place or risk having the entire site closed resulting in total write offs of $7.6 billion.
It’s not a fair fight. It’s not a fight at all because there is no one representing the little guy. Who should? The AG? He could, but he’s AWOL. Or a consumer advocate?
I don’t always believe stories from Mississippi Power or from its parent Southern Company about the Kemper Lignite Plant. But when I do, it’s because I’ve been kidnapped, tortured, drugged, and forced to watch endless video loops of CNN and MSNBC and Chris Mathews.
This piece from Seeking Alpha is designed to be the “chicken soup for the soul” for potential Southern Company investors. The piece says that the utility presently has the “blues” with billions in cost overruns for the Kemper Project coal gasification power plant…