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Vermont paper looks at Jim Hood’s...

Vermont paper looks at Jim Hood’s Entergy allegations

By: Magnolia Tribune - March 8, 2010

Vermont paper looks at Jim Hood’s Entergy allegations

BRATTLEBORO — Responding to an allegation raised by Mississippi Attorney General Jim Hood, Entergy fired back, accusing him of conducting “a fishing expedition” into activities he has no business investigating.
On Feb. 26, Hood sent a letter to Vermont Attorney General William Sorrell, in which he claimed Entergy had “wrongfully transferred” $1.3 billion from its regulated utilities to its “troubled nuclear program.”
“He has a history of making allegations against Entergy,” said Michael Burns, senior communications specialist. “The attorney general frequently issues press releases with facts that are taken out of context, on which he bases scurrilous allegations against us.”
In December 2008, Hood filed a lawsuit against Entergy accusing the company of fraud, unjust enrichment, anti-trust violations and other illegal conduct.
In the suit, Hood alleged that Entergy Mississippi is buying gas at an inflated cost from the other Entergy companies and driving prices up for Mississippi consumers.
That lawsuit is pending.

Brattleboro Reformer
3/8/10

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Magnolia Tribune

This article was produced by Magnolia Tribune staff.