Posts Tagged ‘cost overrun’

Fitch gives Mississippi Power a negative outlook due to Kemper plant

GULFPORT — Fitch Ratings has affirmed the issuer default rating (IDR) and security ratings for Southern Company, and has affirmed the IDRs and debt ratings for Southern Company’s subsidiaries. The rating outlook for all of the subsidiaries is stable, except for Mississippi Power, which remains negative. Fitch wrote: “The key near-term uncertainty at Mississippi Power […] [...]

Health Department issues CONs, including one for cost overrun

CORINTH and CLINTON — The Mississippi State Department of Health (MSDH) has issued certificates of need (CONs) for two projects. Magnolia Regional Health Center of Corinth received CON authority for the amendment/cost overrun to CON #HG-RC-0910-032; R-0828 (construction, renovation, relocation and expansion of a health care facility). The original capital expenditure for this project was […] [...]

CONs issued for two hospital projects; one for $1.2M cost overrun

SOUTHAVEN and GREENWOOD — The Mississippi State Department of Health has issued certificates of need (CONs) for projects at two Mississippi hospitals. MSDH issued a CON to Baptist Memorial Hospital-DeSoto in Southaven to add therapeutic radiation equipment to its existing radiation services at the hospital. Baptist Memorial Hospital proposed to increase the number of radiation […] [...]

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 […] [...]

Could better interest rates, sales offset Kemper plant cost overruns?

KEMPER COUNTY — Lower interest rates and higher sales of byproducts could allow Mississippi Power Co. to make up for higher costs at the power plant it’s building in Kemper County. Officials say customers won’t have to pay more to cover the plant’s cost, which has risen from $2.4 billion to more than $2.8 billion. […] [...]

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