Bryant signs 2 bills ratifying Kemper settlement

Bryant signs 2 bills ratifying Kemper settlement

Gov. Phil Bryant has signed bills codifying a settlement between the Public Service Commission and Mississippi Power Co. over the company’s Kemper County power plant.

Bryant told The Associated Press Tuesday he supports both measures. Tuesday was the last day for Bryant to act without the bills becoming law without his signature.

One measure allows a multi-year rate plan for the plant. Another bill allows the unit of Atlanta-based Southern Co. to sell up to $1 billion in bonds to pay Kemper costs over $2.4 billion.

Northeast Mississippi Daily Journal
2/26/13