Posts Tagged ‘coal’

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 […] [...]

Kemper coal plant now faces spending review

KEMPER COUNTY — The next battle over a Kemper County power plant will hinge on whether Mississippi Power Co.’s spending on the project was prudent — and that decision may come months later than a July 24 date that state regulators had agreed to earlier this year. The utility recently asked the state Public Service […] [...]

Mississippi Power reports escalating construction costs at Kemper plant

KEMPER COUNTY — Mississippi Power Co. warned yesterday that costs are still increasing at the power plant it’s building in Kemper County. The unit of Atlanta-based Southern Co. told stockholders that an ongoing review of costs at the coal-fired plant has initially identified at least another $160 million in cost increases. Mississippi Power spokeswoman Amoi […] [...]

Patrick Sullivan says state can have a global energy impact

Patrick Sullivan is president of the Mississippi Energy Institute in Jackson, an energy policy and research and development hub dedicated to helping Mississippi compete in the global energy sector. The institute was founded in 2009 under the Mississippi Economic Council, but is now a standalone, privately funded business. Its mission is to develop policies and strategies […] [...]

Jackson institute provides leadership in finding new sources of energy

With global energy consumption poised to increase by 50 percent over the next 25 years, Mississippi can play a role in supplying that energy and manufacturing related products. The Mississippi Energy Institute, a non-profit, privately funded organization, is providing leadership to capitalize on these opportunities. The organization’s president, Patrick Sullivan, says the group’s core mission […] [...]

Southern’s earnings impacted by increased Kemper plant cost

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 […] [...]

Cooperative raising rates due to Kemper plant costs

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 […] [...]

Company recognized for projects, including Kemper plant haul

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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