Lord Protector Jim Hood issued the following statement.
The
United States District Court will hear Attorney General Jim Hood’s case
against Entergy beginning Monday, April 1, at 9:00 a.m. The case will
be tried before District
Judge Carlton Reeves. The State intends to prove the following at
trial:
Entergy
owes Mississippians approximately $1 billion. When a state grants an
electric utility a monopoly, the company agrees to provide its customers
power at the lowest reasonable
cost available and to open its books. Entergy didn’t keep its promise
and violated the Consumer Protection Act by refusing to buy the cheap
electricity generated by newer, more efficient independent gas powered
generators owned by its competitors, which drove
them out of business. At the same time, Entergy sold its Mississippi
ratepayers (almost a half million), including the state of Mississippi,
the most expensive power generated from its old, antiquated electrical
generating plants and purchased from its affiliates.
Entergy’s actions made Mississippi a dumping ground of high-cost
electricity. Entergy settled two cases in Louisiana involving similar
claims for over $150 million.
As
the result of a meeting between Attorney General Hood and the
Department of Justice, the DOJ launched an investigation into Entergy’s
conduct at issue in this case. Because
of that investigation and this suit, Entergy was forced to cease its
anti-trust activity by turning over control of its transmission system
and operation of its generating units to an independent, non-profit
entity. This is the reason our electrical rates
have decreased, not because of Entergy’s benevolence as it claims.
General
Hood stated, “For years, Entergy was more interested in paying billions
in dividends and buy-backs to its shareholders instead of its duty to
provide
its Mississippi customers with electricity at the lowest reasonable
cost. I have been fighting this case for a decade. It’s time for Entergy
to stop being a poor corporate citizen and pay what they owe
Mississippians. They’ve wined and dined legislative leadership
to try to stop this case from going to trial, but its day of reckoning
has come. I’m confident the facts will prevail in court.”
26 comments:
Which of Hood's mercenaries is representing the state?
The Little Emperor (aka Pillsbury Dough Boy) is not going to be happy.
I am so fucking tire of having to click on buses, bicycles, fire hydrants, and bridges to post a comment.
And crosswalks!
And chimneys!
...and tractors and traffic signals and store-fronts and...
Entergy is a monopoly with no integrity.
They lie like a broken clock.
Hood only has to deal Entergy one time on a new construction scenario because they never, ever, ever do what they say they are going to do, when they say it will be done.
Entergy even has a lack of checks and balances system in place so they can deny having received a permit, i.e. make excuses for not getting started.
Entergy is a pathetic joke…GO HOOD!
To everyone complaining about clicking. You are doing your part to help the root less globalist Alphabet, Inc (Google) train their self driving AI. Feel bad for the 25+ million truck drivers and delivery drivers who will he out of work whenever they are replaced by progress!
Setiously, the only thing holding them back is the AIs inability to identify what you are training it to identify. Staircases, crosswalks, fire hydrants, traffic lights, etc.
when Hood wins do we get this money or does it go to the state?
scuse me but would somebody that is totally smart about that stuff explain what clicking on any of those things - or google - has to do with entergy or hood?
the federal government has effectively granted BLUE CROSS a monopoly on health insurance coverage in mississippi........when is someone gonna do something about that ????????????????????????????????????
When MPL built Grand Gulf, approval was dependent on the promise that Mississippians would be the first to benefit from cheap power once the construction of Grand Gulf was " paid for". Indeed, Mississippians were to receive power from Grand Gulf before it could be sold to neighboring states at a higher cost.
If one looks at news archives during the proposal for Grand Gulf, MPL promised electricity it would produce would be the cheapest in the country and almost " free".
Entergy bought MPL.
Apparently, Entergy didn't think they were bound by that agreement ( but then, MPL didn't honor it in spirit either as rates should have fallen over time).
At any rate, we paid the cost of building Grand Gulf and yet we didn't profit from our forced investment, only the shareholders did.
Don't we all wish we could start a new business or expand our old business with interest free money from taxpayers and without having to reward taxpayer investment?
Every business in the history of the world has brought " jobs and taxpayers" to a community. Only in the last couple of decades has that reason been used to make citizens pick up the start up tab.
How stupid are we to accept this criminal mutation of capitalism?
to 9:09pm............arnt you just too witty? mercenaries dont always win. look what washington did to the hessians at trenton during the revolutionary war.
Entergy should sue Hood for defamation for this garbage. Don’t assume it is true just because Jimmy from Houston says so.
to 12:44pm.....sorry mr legal expert, but defamation suits went out with harry truman. everything is fair game, including you.
9:38 - just what "taxpayer money" do you think went into "our" building Grand Gulf?
Twaint none, is the correct answer.
I'm not sure where you get the premise that Mississippi would get 'the first' or 'ahead of others' of power from Grand Gulf. Granted, by PSC rules, MP&L, now Entergy, is bound to buy energy at the cheapest rate, and at the time (late 70's) it was thought that GC energy would be the cheapest. But I don't think there was anything included in the deal that we would get it ahead of anyone else.
And I know that the plant was not built with taxpayer dollars. Just another fabrication of many pickled memories, or fantasies, equal to the 'taxpayer dollars' lost on Kemper (agian, twaint none.)
Funny how Hood is finally taking this case to court. He first filed it over a decade ago. Guess either his mercenaries want to get their share (for those who asked who got the money, ratepayers or the state, the answer is the lawyer buddies who finance Hood's campaigns is the answer) while Hood is around to insure they get their cut - or of course, there is the populism side of the case that he feels he might need as he tries to catch up with Tater.
9:38; Your post is largely accurate; however, where you insinuate the wrong fork in the road was taken by MP&L, that's inaccurate. MP&L did not mislead or misrepresent. Entergy bought them out, as you say, but chose to take another course with Grand Gulf. That would be a PSC issue. Did the PSC even exist back then?
9:38 am
You are spot on.
The race to the bottom incentivized with public dollars.
9:15 am You make it clear you have never taken a civics class or a political science class or studied history or sociology .
If you had, you'd know that for a government and society to function, there has to be government control over those areas essential to a society. Defense is the obvious one, but how well do you think country's without access to power or clean water or means to transport goods and services or a monetary system do?
You. like many, have misunderstood privatization and don't have a clue when it maybe inappropriate not to have a profit system but rather a break even system. It cost and delivery of government services are equal, your tax dollars aren't going into someone's pocket for to pay them beyond the value of the job they do.
Our society is in trouble because those talking heads with no education about government or systems or how things work are becoming millionaires by influencing others that have no real knowledge about any of those things. You believe high school graduates and former drug addicts and someone who just presented " psychosis" as a legal defense about complex subjects.
Cue Mara Hartmann to smugly tell us how we should actually be grateful to Entergy for not charging us more.
9:23 - Slow down and take your meds. It's your bedtime so don't forget those PM meds you usually skip.
... but how well do you think country's without access to power or clean water or means to transport goods and services or a monetary system do? ... You. like many, have misunderstood privatization and don't have a clue when it maybe inappropriate not to have a profit system but rather a break even system.
How's that non-profit water and sewage system in the City of Jackson working out?
Okay Entergy is "regulated" in this State and has pulled off raping poor customers for years and giving away power and incentives to out of state corporate industrialists and over paying Fizackerly and company. So then how damn bad do you suppose it is with the backwoods rube coops that are unregulated and hiding in the shadows while subsidizing certain rate schedules by overcharging other rate schedules??? Entergy is now having it's Kemper moment. The fucking coops wouldn't have to give me back my capital credits if I wasn't being overcharged in the first place, to pay for board director trips and "foundation" support for political a l l i e s ..... mfrs
Which out of state plaintiffs' law firm that contributed to Hood is representing Mississippi in this lawsuit?
T9:38. Still wait in for you to tell us how 'we' paid for Grand Gulf, and what 'taxpayer dollars' were spent on its construction. Running your mouth, or in this case fingers, about cap that you obviously know nothing about must be a fun pastttime for you, but evidently it loses its enjoyment when your stupid statements get called out as such.
Just because MP&L has the word Mississippi in its name doesn't mean it is owned or paid for by Mississippi.
Will assume your alligator mouth got your Jay bird ass into a crack again.
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