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PSC approves Xtranet internal asset transfer; staff says no customer impact
Summary
The Mississippi Public Service Commission approved a pro‑forma internal asset transfer between Xtranet Systems and Xtranet Asset Entity; staff found no change in ownership, operating authority, or customer rates and recommended approval.
The Mississippi Public Service Commission approved a joint petition from Xtranet Systems and Xtranet Asset Entity authorizing a pro‑forma internal asset transfer within the same corporate family.
Mr. Jones presented the telecommunications item, describing the transfer as an internal restructuring that realigns passive and active network assets (fiber, antenna infrastructure, customer accounts) with the company’s financing and operational structure. He said there will be no change in ownership or control and no expected impact on customers’ rates, terms, or conditions.
Staff reviewed the petition and supporting exhibits and recommended approval. Commissioners approved the petition by voice vote.
