Mississippi Power Co. withheld information, Bentz says

Mississippi Power Co. announced Monday that Ed Day, 52, retired as president and CEO, effective immediately, but the head of the Public Service Commission said his agency is responsible for Day’s departure.

Leonard Bentz, chairman of the PSC, said the issues started last May when Mississippi Power acknowledged the cost of the power plant it is building in Kemper County was $366 million over estimates.

“We had been asking for a timeline from Mississippi Power Co. about when they knew the cost overruns were going to take place and when they reported them to us,” Bentz said. “We had not received that information up until last week.” A power company review determined that information was being withheld from the Public Service Commission, Bentz said.

Sun Herald
5/20/13