MS SB2093

Authorizes generation and transmission electric corporations to undertake economic development activities directly, indirectly, or with other entities, including providing capital, acquiring business or industrial sites, developing infrastructure, and attracting new businesses or industry.

Declares it state policy to support and augment economic development activities of rate-regulated public utilities and directs the Public Service Commission to advance the economic development of Mississippi.

Allows rate-regulated electric public utilities with certificated service areas to undertake economic development activities within their service territories to create employment opportunities or promote electric energy sales.

Permits facilities developed for economic development activities and capital investments in natural gas reserves to be deemed used and useful for electric service and recoverable through utility rates if commission approval was granted after the effective date.

Effective July 1, 2015.