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 [...] [...]
by MBJ Staff Published: August 9,2012
Tags: abstinence-only education, banking, Black & White, Brent Christensen, credit unions, Google, home buying, Kemper County, Mississippi Development Authority, Mississippi Power Company, nursing faculty shortage, Yazoo City
>> 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 [...] [...]
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. [...] [...]
by Clay Chandler Published: July 15,2012
Tags: Anthony Topazi, Brandon Presley, Fitch ratings, Leonard Bentz, Lynn Posey, Mississippi Power Company, Mississippi Public Service Commission, public utility, sierra club, Southern Company
A few hours after a second overrun for its Kemper County coal plant was revealed, Mississippi Power Co. said last week it was appealing the Public Service Commission’s denial of a rate increase the company had requested to help pay for the facility. The company appealed the PSC’s order to the Mississippi Supreme Court. On [...] [...]
The Kemper coal plant’s Independent Monitors’ Report for the period through the end of May shows the project has crept closer to the $2.88 billion cap the Public Service Commission imposed on it. Monitors, hired by the Commission to oversee construction, now estimate that the cost to build the lignite coal-fired generation facility will reach [...] [...]
>> A LOSING PROPOSITION Mississippi hospitals face yearly $152M loss if Medicaid expansion rejected — By Ted Carter Also in this week’s paper: >> MEDICAID Health Policy Center, medical groups study Medicaid expansion— by Ted Carter >> ABORTION Fondren businesses tired of politically charged street corner by Stephen McDill >> CONSTRUCTION Kemper coal plant costs surge [...] [...]
Sixteen days after the Mississippi Public Service Commission reapproved the certificate of public convenience and necessity for Mississippi Power Co.’s Kemper County coal plant, the company revealed to independent monitors an anticipated $366 million cost overrun for the project. The revelation was included in monitors’ May report, which says MPC officials broke the news on [...] [...]
JACKSON — A Mississippi Department of Environmental Quality permit board gave final approval Tuesday to a plan by Liberty Fuels to mine lignite, a soft form of coal, from about 1,000 acres in Kemper County over the next five years. The mine would feed the coal-fired power plant that Mississippi Power Co. is building nearby. [...] [...]
Included in the April 24 order granting a new certificate of public convenience and necessity for Mississippi Power Co.’s Kemper County coal plant was a portion of the March report from the project’s independent monitors. The report, which monitors file monthly, said that 91 percent of the company’s contingency has been allocated, with the project [...] [...]
The Mississippi chapter of the Sierra Club is already planning its next challenge to Mississippi Power Co.’s Kemper County coal plant. Public service commissioners voted 2-1 last week to reissue the plant’s certificate of public convenience and necessity. Northern District Commissioner Brandon Presley was the dissenting vote. Last week’s action became necessary March 15, when [...] [...]
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