PSC wants more details on utility fuel buys

JACKSON, Miss. (AP) - State regulators have asked lawmakers to require electric companies to provide more details on fuel purchases in annual audits.

The Public Service Commission on Wednesday refused to adopt annual audits of Entergy Mississippi and Mississippi Power Co. because of unanswered questions about how they purchased power.

The commission wants to have an independent audit done that companies would finance. Currently, taxpayers pay for the audits. House Public Utilities Committee Chairman Tyrone Ellis, D-Starkville, said a bill was in the works to address the PSC's concerns. The audits shows Entergy Mississippi purchased $472.6 million in energy and Mississippi Power purchased $139.8 million from October 2007 to September 2008.

The companies spent $414 million and $87.3 million, respectively, the previous year, the report shows.

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