Mississippi Power Rate Hike

The state Supreme Court has been asked to halt an emergency rate increase that regulators granted to Mississippi Power.
In a motion filed Friday, Hattiesburg oilman Thomas Blanton argues the rate increase is an illegal end-run around a Supreme Court ruling that lowered rates and ordered the company to make $350 million in refunds.
The Mississippi Public Service Commission voted 2-1 on August 13th to allow the utility company to raise rates. The commission could make the increase permanent in December or order the company to refund all or part of the money. Mississippi Power is posting a $50 million guarantee against possible refunds.

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