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 … [...]
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 [...] [...]
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 [...] [...]
Currently it is more profitable for businesses to go “green” by purchasing energy-efficient and alternative energy devices than it is for residents, says Shelley Rhoden, president of Alternative Energy Solutions. “The reason for that is because there are MACR (Modified Accelerated Cost Recovery) tax benefits for businesses,” Rhoden said. “This year businesses have a 50 [...] [...]
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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 [...] [...]
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 [...] [...]
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 [...] [...]
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