Brandon Presley pleased with Mississippi Supreme Court decision on Kemper plant

Jackson, Mississippi (March 15, 2012) – Today Public Service Commissioner Brandon
Presley issued the following statement in response to the Supreme Court’s reversal of
Mississippi Power Company’s Kemper County Coal Plant:

T

oday’s 9-0 decision by the Mississippi Supreme Court reversing the $2.8
billion Kemper County Coal Plant is a major victory for each and every
customer of Mississippi Power Company and deals a serious blow to the
company’s corporate socialism.

In this case, Mississippi Power Company gave new meaning to the phrase
“We got the gold mine, they got the shaft”.

I’ve argued consistently that customers of Mississippi Power Company
have been mistreated by the company hiding rate impacts in this case and
by putting their shareholders above their customers.

This plant is untried technology. The shareholders have no risks while the
customers have all the risks along with a 45% rate hike to boot. The
company also wanted to raise rates before the plant produced any
electricity. I believe in “pay as you go”, I just don’t believe you should pay
BEFORE you go.

I personally wrote multi-page dissents in this case and am pleased today
to see that those arguments were not in vain.

This $2.8 billion case comes back now to the commission for further
review.

Brandon Presley release
3/15/12