They were sponsored by Senator Burton in the Senate and Representative Beckett in the House, chairmen of the Senate Energy and the House Public Utilities committees, respectively. Would anyone dare to guess who wrote those bills for them? Would anyone like to guess what they might have been offered to be sole sponsors of those bills simultaneously and urge quick passage? The purpose of these bills was to offer bonding authority for up to one billion additional dollars to pay for cost overruns that were predicted in the beginning for the Kemper Coal Plant boondoggle and debacle. Would anyone like to guess why the executives at MS Power and the Southern Co. thought these were important? Clue: Their investors and stockholders are not going to be happy if this piece of crap bombs, which is highly likely! The jobs of the CEO and their subordinates of the Southern Co. and the MS Power Co. are on the line. The fact that they could not get private investors in the beginning should have also been a clue. In effect, the MS Power/Southern Co. are trying to shift all of the risk of this boondoggle to the ratepayers and the taxpayers!
Folks, the MS Power Co./Southern Co. may succeed in their financial efforts in the short term, but they will soon be fully disclosed. It's a complicated web of deceit and manipulation by a corporation over a corrupt state government but when examined in detail it's pretty simple. It is the essence of corporate fascism, which we face all over the country, and MS is a great example due to the example set by former Governor Haley Barbour and the fact that MS is the poorest state in the nation as well as least informed.
If many people continue to remain silent about this atrocity, then you should just be ready to put on your high boots and say "Seig Heil" when you pay your electricity bill in Mississippi!!
Postscript--As this blog was about to be published this Letter to the Editor was published in the Sun Herald newspaper: JULIA O'NEAL: Legislators bowing to Southern Company. Read more here: http://www.sunherald.com/2013/02/02/4442683/julia-oneal-legislators-bowing.html#storylink=cpy
About the author; Thomas Baldwin, Ph.D., has a doctorate in Physics and a Masters degree in Management. He has had long careers in both physics and management consulting including university appointments as a professor both at the Southern Illinois University and Colorado Technical University. He has been a corporate consultant to many well known large firms in project management and is current "officially" retired. In the last four years or more he has been focusing on applying his skills to better understand the political sector including socioeconomic conditions that are affecting our welfare and basic economic health.
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).