Posts Tagged ‘coal’

TVA to discuss long-range energy resources plan

NORTH MISSISSIPPI — The Tennessee Valley Authority is set to discuss progress in updating the utilities long-range energy resources plan along with more than 1,100 comments from the public. The forum is scheduled for Wednesday at 7 p.m. EDT at TVA’s Missionary Ridge office building in Chattanooga, Tenn., and through a simultaneous online webinar link. […] [...]

House backs bill to block EPA power plant rule

by For the MBJ Published: March 6,2014

Tags: Business, coal, energy, Mississippi, technology

WASHINGTON — The Republican-controlled House moved Thursday to block President Barack Obama’s plan to limit carbon pollution from new power plants, an election-year strike at the White House aimed at portraying Obama as a job killer. Ten coal-state or Southern Democrats joined with Republicans to approve the bill, 229-183. Supporters said the measure was part […] [...]

Fitch takes no action after Kemper plant cost, schedule changes

by MBJ Staff Published: November 4,2013

Tags: coal, construction, credit, debt, Fitch ratings, Kemper plant, Mississippi Power Co., Southern Co.

KEMPER COUNTY — Fitch Ratings is not taking any rating actions following the latest cost revisions and schedule extension for the Kemper integrated gasification combined cycle (IGCC) project. Last week, Mississippi Power Company (Mississippi Power) announced a revision in the scheduled in-service date for Kemper IGCC. The operational date is delayed to the fourth quarter […] [...]

Mississippi Power’s Ed Holland is a high-energy CEO in action

by Alan Turner Published: October 25,2013

Tags: Business, coal, energy, Mississippi, power

In a recent meeting with Ed Holland, president and CEO of Mississippi Power, we discussed Mississippi’s energy future and how it will impact people and businesses in the Magnolia State. Ed is fairly new to the job, but he said he has “fallen in love” with Mississippi since moving here a few months ago. “I’ve […] [...]

Mississippi Power to account for repayment if Kemper plant construction runs long

KEMPER COUNTY — If Mississippi Power Co. misses a May deadline to complete construction of a $4.3-billion power plant in Kemper County, it will be forced to repay $133 million in federal tax credits. However, the company says that because of accounting rules, it wouldn’t write the amount off from profit and wouldn’t add it […] [...]

Mississippi Power CEO talks about rate hike for Kemper plant

KEMPER COUNTY — Mississippi Power Co. CEO Ed Holland has told a Mississippi newspaper that if a 22 percent rate hike is approved to pay for its Kemper County power plant, the company won’t try to hit up customers for more. Holland told The Clarion Ledger in a meeting yesterday that shareholders will eat hundreds […] [...]

JobKeeper accuses Bigger Pie of using public money to oppose Kemper

by Associated Press Published: August 20,2013

Tags: Bigger Pie Forum, coal, electricity, energy, JobKeeper Alliance, Kemper County, power, Power plant

KEMPER COUNTY — A group opposing Mississippi Power’s $4.7 billion power plant under construction in Kemper County finds itself on the defensive. » READ MORE: No public money funding Bigger Pie, organization claims … JobKeeper Alliance, a union-linked group based in Montgomery, Ala., claims the nonprofit Bigger Pie Forum is using public money held by the […] [...]

After abrupt retirement, Mississippi Power still paying Day as consultant

GULFPORT — Even though Ed Day retired abruptly as Mississippi Power’s president earlier this year, he’s still getting paid. Day is being paid $150,000 a year for three years as a consultant, according to a stock filing by the Southern Co., the Atlanta-based parent of Mississippi Power. That’s in addition to his company retirement. The […] [...]

Southern Co. shareholders to feel losses from Kemper plant

KEMPER COUNTY — Southern Co. shareholders will absorb $450 million in losses incurred while building a new coal-fired power plant in Mississippi, raising the total write-offs on the construction project to nearly $1 billion, utility officials said today. The utility announced the pre-tax write-off on its massive project in Mississippi’s Kemper County before releasing its […] [...]

Southern Co. faces questions in Georgia related to Kemper plant

KEMPER COUNTY — A decision to absorb losses on an over-budget power plant in Mississippi may haunt Southern Co. now that it wants regulators to raise its budget for a costly nuclear power plant in Georgia. Southern Co. executives fielded hostile questions today during their first testimony before utility regulators since announcing the firm could […] [...]

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