Posts Tagged ‘Ed Holland’

Kemper County plant will cost at least another $496M to complete

KEMPER COUNTY — Southern Co. says it will cost at least another $496 million to finish the power plant it’s building in eastern Mississippi’s Kemper County, pushing the total cost above $6.1 billion. And, unlike other recent overruns, customers could have to pay $167 million of the charges if regulators agree. The Atlanta-based parent of […] [...]

Mississippi Power, Sierra Club reach settlement in Kemper plant case

KEMPER COUNTY — Mississippi Power will convert from coal to natural gas or retire several units at plants in south Mississippi and Greene County, Alabama, as part of an agreement to end litigation over construction of a coal-fired power plant in Kemper County. The company and the Sierra Club announced yesterday that they are ending […] [...]

PSC asking for more information on Kemper coal plant

KEMPER COUNTY — Regulators say Mississippi Power Co. needs to submit more evidence that it has spent money prudently on the power plant it’s building in Kemper County. The state Public Service Commission voted 3-0 yesterday to require more information from Mississippi Power on the $4.75 billion it is spending to build the coal-fueled power […] [...]

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 […] [...]

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 […] [...]

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments