It has been a long, contentious dispute and the legal battle between Mississippi Attorney General Jim Hood and Entergy Corp. seems to have no end in sight.
Ever since Hood filed a lawsuit in December, claiming the New Orleans-based utility and its subsidiaries illegally manipulated the purchase and the sale of electricity to maximize profits – both sides have issued strong opinions about its merits.
A ruling is pending on whether the trial should be held in chancery or federal court. But Hood said he doesn’t expect the case to go to trial this year.
Meanwhile, Entergy has repeatedly denied any wrongdoing.
Before the suit was filed, Hood was already at odds with the utility who he claims for years has overcharged ratepayers by buying electricity from sister companies at a higher rate than on the open market, then passing the inflated costs along to customers.
AP, via Clarion-Ledger 4/13/9
Magnolia Tribune
