The price of power: local schools, governments would feel crunch of proposed rate hike

Feb 22, 2013 | Posted by: roboblogger | Full story: The Mississippi Press

The 18 percent rate increase proposed by Mississippi Power and currently under consideration by the Mississippi Public Service Commission would certainly be felt by residents and businesses across the state.

Comments
1 - 2 of 2 Comments Last updated Feb 26, 2013
justthinkin

Houston, TX

|
Report Abuse
|
Judge it!
|
#1
Feb 26, 2013
 
What DOES the City of Ocean Springs leadership intend / plan on doing to absorb this cost.

With pending Civil litigation and now substantial increases in energy costs,.... will the ultimate / standard cure of employee furloughs or layoffs be their solution.

This increase should not come as a surprise. Fortunately, it could have been worse - and could very well be in the future.

With MPC's successful track record with the PSC, rates could very well go even higher - when the Final Construction Bill is "known.

Once again, a Corporate / Too Big To Fail bailout.... the small guy gets pickpocketed once again.

Many many pay,.... the investor is protected !!!
Gulf

Pascagoula, MS

|
Report Abuse
|
Judge it!
|
#2
Feb 26, 2013
 
This is Mississippi lol, what do you expect. Agree with everything else you said.

As for what will Moran & company & every other city do? Lay off people or cut payroll until they can't any more & then disincorporate or file Ch. 9 muni bankruptcy protection.

There is no solution. They'll gouge people until demand falls & then they'll ask for a federal bailout, & probably get it.

The feds should seize the utility & make it a public TVA type authority.

Tell me when this thread is updated: (Registration is not required)

Add to my Tracker Send me an email

Type in your comments below
Name
(appears on your post)
Comments
Characters left: 4000
Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Other Recent Gautier Discussions

Search the Gautier Forum:
Title Updated Last By Comments
Scott Walker Day Of Reckoning July 23 Jul 25 Walker Watch 4
Dog, team gone? (Sep '06) Jul 24 Venom 706
Greywood Glen Apts Are A Slummy Roach Den Jul 24 For the People Bullsht 10
MS Mississippi judge jails attorney for not reciti... (Oct '10) Jul 24 OS Resident 1,964
Historian, dedicated to telling Mississippi's s... Jul 24 Jim 1
Greywood Glen Apts Being Investigated by Health... Jul 23 MaintenanceSupvGG 6
Eye doctor wins recognition for patient care Jul 23 Jane 4
•••
•••
•••
Gautier Dating

more search filters

less search filters

•••

Gautier Jobs

•••
Enter and win $5000
•••
•••

Gautier People Search

Addresses and phone numbers for FREE

•••

Gautier News, Events & Info

Click for news, events and info in Gautier
•••

Personal Finance

Mortgages [ See current mortgage rates ]
•••