Mississippi Business Journal » Mississippi Power Company

PSC approves multi-year rate plan for Kemper coal plant

Clay Chandler — Fri, 08 Mar 2013 21:39:00 +0000

Mississippi Public Service commissioners voted 2-1 last Tuesday to approve a multi-year rate plan for Mississippi Power Co.’s Kemper County coal plant. Terms of the plan call for the utility to receive $99 million in construction-work-in-progress funds for the rest of 2013. That will create a rate increase between 12 and 13 percent for residential [...]

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Mississippi Power files Kemper rate recovery plan

Clay Chandler — Fri, 01 Mar 2013 13:24:01 +0000

A multi-year financing plan for Mississippi Power Co.’s Kemper County coal plant took two steps forward last week. Gov. Phil Bryant signed bills that would give the Mississippi Public Service Commission authority to grant the utility permission to recover costs associated with the project over a number of years. Another bill allows [...]

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Whether CWIP constitutes a tax takes up most of Kemper hearing in front of Supreme Court

Clay Chandler — Fri, 01 Feb 2013 17:30:41 +0000

Most of last Monday’s hour-long Kemper coal plant hearing at the Mississippi Supreme Court centered on two questions: If the Mississippi Public Service Commission allows Mississippi Power Co. to charge its ratepayers for the facility’s construction, will it constitute a tax, or will it simply be a rate assessment? If it is a tax, does [...]

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Kemper rate mitigation bill similar to 2009 Georgia law

Clay Chandler — Thu, 31 Jan 2013 17:53:28 +0000

Four years ago, lawmakers in Georgia’s General Assembly approved a bill designed to lessen the rate shock for Georgia Power Co. customers related to the utility’s construction of nuclear power units. Mississippi lawmakers are considering a similar bill for Mississippi Power Co.’s Kemper County coal plant. >> Read complete story here …

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Sierra Club: Poll shows customer opposition to rate hikes via Kemper coal plant

Clay Chandler — Thu, 31 Jan 2013 14:51:37 +0000

The Sierra Club was supposed to release last Thursday the results of a poll meant to gauge Mississippi Power Co. ratepayers’ attitudes toward the Kemper County coal plant. The environmental group delayed the results because of a hearing in which the Mississippi Public Service Commission reached a rate case settlement with the utility. >> Read [...]

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Costs at coal plant won’t rise, union says

Clay Chandler — Mon, 24 Dec 2012 13:36:32 +0000

If Mississippi Power Co. successfully defends its Kemper County coal plant from litigation that seeks to invalidate it and the facility eventually opens, workers from two labor unions will have played a big role in getting it operational. General laborers and craftsmen are among the membership from the Central Mississippi Building and Construction Trade Council [...]

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PSC to ask utilities to extend small business incentives

Clay Chandler — Fri, 16 Nov 2012 21:50:20 +0000

The Mississippi Public Service Commission’s December meeting will likely contain an agenda item meant to encourage a handful of utility companies in the state to extend incentives for their small business customers. Mississippi Power Co., Entergy Mississippi and CenterPoint Energy Resources all offer some kind of incentives or payment modification plans to small businesses that [...]

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Contractors dispute claim of shoddy work at Kemper

Clay Chandler — Sun, 19 Aug 2012 06:01:57 +0000

Since late March, the projected cost of Mississippi Power Co.’s Kemper County coal plant has gone from $2.4 billion to $2.8 billion. The latest figure is the cap the Mississippi Public Service Commission imposed on the project. David Newell, president of the Central Mississippi Building and Construction Trades Council, said he isn’t surprised. In an [...]

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August 20, 2012- Chuck McIntosh

Chuck McIntosh — Fri, 17 Aug 2012 17:45:14 +0000

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BREAKING NEWS: Second agency cuts Mississippi Power Co.’s credit rating

Associated Press — Tue, 14 Aug 2012 18:49:20 +0000

JACKSON — Another credit rating agency has downgraded its view of Mississippi Power Co. Two of the three major agencies have now cut ratings after the Mississippi Public Service Commission denied Mississippi Power a rate increase to pay off debt during construction of its $2.8 billion Kemper County power plant. Moody’s Investors Service cut its [...]

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