Earlier this month, a blogger by the name of Eddie Curran divulged the details of an on-the-record conversation he had with Blanton. Curran spent much of his reporting and blogging career railing against Mississippi Power, which might explain why Blanton was so shockingly candid. If Curran’s account is true, Blanton’s motivations for securing a seat on the PSC are far from pure.
Blanton intends to take over Mississippi Power and has lined up a $600 million payment-to-arbitrage loan to do so, according to Curran. Blanton indicated the PSC has the power to revoke Mississippi Power’s certificate which enables them to operate. Should Mississippi Power conveniently fail to meet the requirements of the certificate, interested parties will move to right the ship. Those involved (Blanton’s statements imply a bevy of co-conspirators) in the electric coup are quietly lawyering up behind the scenes.
On his campaign’s Facebook page Blanton denounced Curran’s allegations, saying he has “no secret agenda.”
Blanton’s crusade against Mississippi Power is curious in its own right. That he’s seeking an office that would grant him regulatory control over a company with which he harbors either extreme animus or business interest? Worrisome at best. If Curran is right and Blanton plans to leverage his power as a Public Service Commissioner to squash, gut, and then purchase Mississippi Power, the ramifications to consumers and to the community Blanton would be “serving” are incalculable.