Now that regulators have ruled in favor of ratepayers in Mississippi, the Southern Company needs some cash to cover its losses.
Peak idiocy is an apt description of the Kemper County Lignite craze that possessed a former governor, the Mississippi Public Service Commission before the last election, and other notables. I borrowed the term from a recent article in Investor’s Business Daily entitled “Goodbye, OPEC” which asked this question: “Doesn’t it seem like yesterday when the left was running around shrieking about ‘peak oil?’ More like peak idiocy.” Not just the left, it seems.
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?