Miss. Power settles with Miss. PSC, allowing Southern Co. to recoup cost of Kemper Plant

The Mississippi Public Service Commission and Mississippi Power Co. have reached a settlement in the company’s lawsuit over a PSC decision to turn down construction charges for a coal-fired power plant in east Mississippi’s Kemper County.

Commissioners voted 2-1 Thursday to approve the settlement with the subsidiary of Atlanta-based Southern Co. However, the state Supreme Court must bless the proposed deal before it becomes official.
Republicans Leonard Bentz and Lynn Posey voted for it, while Democrat Brandon Presley voted against it.

“I am pleased we are able to agree with the Public Service Commission on a plan to accomplish what our customers need,” Mississippi Power CEO Ed Day said in a statement. “This is truly a win for both this state and our customers.”

AP
1/24/13