Posts Tagged ‘Mississippi Power Company’

Kemper rate mitigation bill similar to 2009 Georgia law

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 …   [...]

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

by Clay Chandler Published: January 31,2013

Tags: Mississippi Power Company, Mississippi Public Service Commission, sierra club

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 […] [...]

Costs at coal plant won’t rise, union says

by Clay Chandler Published: December 24,2012

Tags: AFL-CIO, Kemper County, Mississippi Power Company

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 […] [...]

PSC to ask utilities to extend small business incentives

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 […] [...]

Contractors dispute claim of shoddy work at Kemper

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 […] [...]

August 20, 2012- Chuck McIntosh

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

by Associated Press Published: August 14,2012

Tags: Mississippi, Mississippi Business Journal, Mississippi Power Company, Moody's, Southern Company

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 […] [...]

PSC to examine formula rate plans for Entergy, MPC

The Mississippi Public Service Commission voted 3-0 last week to begin an examination of the formulas used to calculate return on equity for Mississippi Power Company and for Entergy Mississippi. Return on equity (ROE) is the amount of net income returned as a percentage of shareholders equity. It is used to measure a corporation’s profitability […] [...]

Read August 13 issue of MBJ

>> CLASS CRUNCH Experts: Troublesome nursing faculty shortage to get worse— By Clay Chandler Also in this week’s paper: >> KEMPER UPDATE PSC to examine formula rate plans for Entergy, Miss. Power— by Clay Chandler >>TECHNOLOGY Google shares the ‘how-to’s’ of getting your business online— by Ted Carter >>MDA New chief cites potential in energy, medical […] [...]

Supreme Court denies Miss. Power’s rate increase (Updated with clarification)

Mississippi Power is now 0-2 when it comes to collecting money to pay for its Kemper County coal plant. The Mississippi Public Service Commission in June denied a 13 percent rate increase that would have generated about $58 million. The company quickly appealed to the Mississippi Supreme Court, which affirmed the PSC’s ruling Tuesday afternoon. […] [...]

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