Posts Tagged ‘Kemper plant’

Mississippi Power asks for rate hike to meet fuel costs

GULFPORT — Mississippi Power Co. says it needs to charge more in 2014 for fuel as part of its yearly rate evaluation. The unit of Atlanta-based Southern Co., in a filing with the Mississippi Public Service Commission, says it wants to raise rates by 3.35 percent. For residential customers, bills would go up 2.66 percent […] [...]

Council gives state high marks for energy-efficiency policies

ACROSS MISSISSIPPI — Mississippi is the most improved state in the nation for energy-saving policies, a ratings group says. The American Council for an Energy-Efficient Economy lauded the state yesterday for efforts in the last year that included lawmakers passing a new energy code for buildings and the Public Service Commission passing requirements for electric […] [...]

Fitch takes no action after Kemper plant cost, schedule changes

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 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 […] [...]

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 […] [...]

Lignite looking more like the wrong horse to have bet on

While the world has been championing natural gas as the savior of the energy crisis, Mississippi Power has insisted that gas prices will be high and volatile — reminiscent of 2009 — for years to come. The 2011 Energy Outlook from the U.S. Energy Information Administration (EIA) projects that natural gas prices will stay around […] [...]

‘About a third’ is really closer to about a half

Despite claims by Mississippi Power Company, Kemper plant could raise ratepayer rates by more than 45%   By its first full year of service in 2014, Mississippi Power Company’s $2.4-billion Kemper County IGCC power plant is expected to raise residential customer rates by more than 45 percent, according to a confidential document released to the […] [...]

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