Posts Tagged ‘Mississippi Power Co.’

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 […] [...]

BBB issues alert involving Mississippi Power scam

ACROSS MISSISSIPPI — The Mississippi chapter of the Better Business Bureau (BBB) BBB is warning of a utility scam targeting Mississippi Power customers. John O’Hara, president and CEO of BBB Mississippi, reports that these type of scams will move from utility company to utility company and spread throughout our state. These scams will also move […] [...]

Price tag for Kemper plant grows by another $150M

KEMPER COUNTY — Mississippi Power Co. says the expected cost of the power plant it’s building in Kemper County has risen another $150 million because of schedule delays. That pushes the total cost of the plant, a coal mine and associated pipelines to almost $5 billion. The complex was originally projected to cost about $2.8 […] [...]

Kemper plant will not meet construction schedule

KEMPER COUNTY — Mississippi Power Co. says its Kemper County power plant won’t be finished by the original May 2014 deadline, but will start service sometime later that year. The unit of Atlanta-based Southern Co. will have to repay $133 million in federal tax credits it received with the condition of meeting the May deadline. […] [...]

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 […] [...]

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 […] [...]

« Previous Page Next Page »

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