Regulated monopolies are largely protected from competition and are great for their shareholders. Not so great for their customers though. Especially if the regulator (the Public Service Commission) has its thumb on the scale for the monopoly.
What’s wrong with how Mississippi regulates electricity rates? The short answer: No one in the process represents only the customers – the everyday Mississippians who pay their electric bill.
What do the Mississippi Public Service Commission (PSC) and the Mississippi River Commission (MRC) have in common? Both have presided over multi-billion dollar project failures.
What do Donald Trump, the Kemper County Lignite Plant, and Mississippi River floods have in common? The Overton Window explains all three. Yeh, sure. What’s the Overton Window?