A Place Where Electricity Costs More than your Mortgage Payment

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In Itta Bena, Mississippi, it is not uncommon to receive an electricity bill that is more than you pay for a monthly mortgage.

Questions:

  1. When residents complained about the high cost of electricity, what did they find out?
  2. What type of structural changes are contributing to the high utilities prices in this small town?
  3. What is the historic background of Itta Bena?
  4. Did you get a clear understanding of why the city was so much in debt? What could be the possible reasons from a control risk point of view?
  5. What types of resolutions do you see possible regarding the problems raised in this article?

Source:

Waller, A. (2020). Mississippi City Spared Loss of Electric Service. The New York Times, Nov. 1 (Retrievable online at https://www.nytimes.com/2020/11/01/us/itta-bena-mississippi-debt.html)