PSC asks court to block Miss. Power rate increase

Published July 21, 2012 8:08pm ET



JACKSON, Miss. (AP) — Regulators want the Mississippi Supreme Court to block Mississippi Power Co.’s attempt to raise rates.

Mississippi Power has appealed the Public Service Commission’s denial of a rate increase that would allow it to begin paying off the interest costs of the $2.8 billion power plant it’s building in Kemper County. The company is seeking permission to collect the increase during the appeal, with a promise to repay if it loses.

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