Mississippi’s attorney general filed a lawsuit against Entergy Corp. and its subsidiaries Tuesday, alleging the companies illegally manipulated the purchase and sale of electricity to maximize profits.
The fraud and antitrust lawsuit filed in Hinds County Chancery Court alleges Entergy buys electricity from sister companies at a higher rate than it could on the open market, then passes the inflated costs along to consumers.
“Entergy’s duty to Mississippi rate-payers is that they have to provide us with the cheapest energy that is reliably available,” Attorney General Jim Hood said.
Entergy spokeswoman Mara Hartmann would not comment on the lawsuit, saying the company is reviewing it. However, the company previously has said its practices were sound and Hood’s allegations of wrongdoing were without merit.