MS HB130

Reenacts sections 77-1-1 through 77-1-49 of the Mississippi Code that create the Public Service Commission and define its powers, duties, structure, and operations.

Extends the repeal date for sections creating the Public Service Commission from July 1, 2013, to July 1, 2016.

Extends the repeal date for section 77-1-55 (authorizing the Public Service Commission and Public Utilities Staff to hire attorneys and consultants for interstate rate proceedings) from July 1, 2013, to July 1, 2016.

Maintains the $1,500,000 annual cost cap per agency per regulated utility for professional services contracts with attorneys and consultants, with utilities recovering costs through rate riders including true-up provisions.

Takes effect July 1, 2013.