Mississippi Business Journal » coal

Southern’s earnings impacted by increased Kemper plant cost

MBJ Staff — Thu, 25 Apr 2013 12:27:43 +0000

ATLANTA — Southern Company, the parent of Mississippi Power Co., reports first quarter 2013 earnings of $81 million, or 9 cents a share, compared with earnings of $368 million, or 42 cents a share, in the first quarter of 2012. The first quarter results include two charges against earnings – a $333-million (38 cents per [...]

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Cooperative raising rates due to Kemper plant costs

Associated Press — Thu, 18 Apr 2013 16:41:20 +0000

MERIDIAN — East Mississippi Electric Power Association is raising rates for some customers because of higher wholesale power rates charged by Mississippi Power Co. to cover the costs of its Kemper County power plant. The Meridian-based electric cooperative says customers in Lauderdale, Clarke, Newton, Wayne and Jasper counties will see power rates rise by 9.3 [...]

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Company recognized for projects, including Kemper plant haul

MBJ Staff — Wed, 10 Apr 2013 12:25:56 +0000

COLUMBUS — Burkhalter received both Rigging Job of the Year and Hauling Job of the Year awards from the Specialized Carriers and Rigging Association (SCRA) at its annual awards dinner in Scottsdale, Ariz. Rigging Job of the Year was awarded for Burkhalter’s precision rigging, positioning and setting of the new Galveston Causeway Railroad Bridge and [...]

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Southern decides against federal loan for Kemper coal plant

Associated Press — Wed, 03 Apr 2013 16:09:53 +0000

KEMPER COUNTY — The Southern Co. has withdrawn plans to seek a federal loan guarantee for the power plant its subsidiary Mississippi Power Co. is building in Kemper County. A spokesman for Atlanta-based Southern says Mississippi Power can borrow money elsewhere at a lower rate than available under the loan from the U.S. Department of [...]

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Mississippi Power files Kemper rate recovery plan

Clay Chandler — Fri, 01 Mar 2013 13:24:01 +0000

A multi-year financing plan for Mississippi Power Co.’s Kemper County coal plant took two steps forward last week. Gov. Phil Bryant signed bills that would give the Mississippi Public Service Commission authority to grant the utility permission to recover costs associated with the project over a number of years. Another bill allows [...]

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Governor signs Kemper plant-related bills into law

Associated Press — Wed, 27 Feb 2013 13:21:44 +0000

KEMPER COUNTY — Gov. Phil Bryant signed two bills into law yesterday, codifying a settlement between the Public Service Commission and Mississippi Power Co. over the company’s Kemper County power plant. Mississippi Power, a unit of Atlanta-based Southern Co., filed for a seven-year-rate plan as contemplated under one of the laws less than two hours [...]

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Legislation passes that codifies Kemper plant settlement

Associated Press — Fri, 15 Feb 2013 13:47:51 +0000

JACKSON — The state Senate has approved two House-passed bills that codify a settlement between the Public Service Commission and Mississippi Power Co. over the company’s Kemper County power plant. Meanwhile, state Supreme Court justices want parties to answer more questions about an appeal challenging the constitutionality of a 2008 state law that would allow [...]

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Legislators pushing for bonds to cover Kemper plant costs

Associated Press — Wed, 30 Jan 2013 19:25:43 +0000

KEMPER COUNTY — Lawmakers are advancing a proposal to let Mississippi Power Co. sell bonds to cover expenses above $2.4 billion at the Kemper County power plant it’s building. They also want to allow the Mississippi Public Service Commission to approve a multi-year rate plan, to prevent a rate spike when the plant begins operation. [...]

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More big equipment headed for Kemper power plant

MBJ Staff — Fri, 04 Jan 2013 16:00:20 +0000

ACROSS MISSISSIPPI — Another large piece of equipment will be moved next week to Mississippi Power Co.’s coal-powered power plant under construction in Kemper County. According to the Mississippi Department of Transportation (MDOT), on Jan. 9, a group of four wide loads will begin leaving Big Bee Valley in Noxubee County for the Kemper County [...]

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Judge denies Sierra Club’s challenge to Kemper coal plant

Associated Press — Tue, 18 Dec 2012 15:47:08 +0000

KEMPER COUNTY — Mississippi Power Co.’s $2.8 billion Kemper County power plant is one step closer to legal clearance. Company spokesman Jeff Shepard tells The Associated Press that Harrison County Chancery Judge Jim Persons has denied a Sierra Club challenge to the plant’s license. Shepard says Persons released the ruling late yesterday. The environmental group [...]

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