Posts Tagged ‘Mississippi Public Service Commission’

Mississippi lacks state tax credits, net metering for alternative energy

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 […] [...]

September 24, 2012- Ricky Nobile

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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 […] [...]

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 […] [...]

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. […] [...]

Mississippi Power appeals rate hike denial

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 […] [...]

Kemper coal plant costs surge again

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 […] [...]

PSC looking into timing, amount of Kemper County Coal Plant overrun

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 […] [...]

Independent monitor: Kemper contingency 91 percent gone

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 […] [...]

PSC votes 2-1 to reissue Kemper certificate

In what amounted to a procedural meeting, the Mississippi Public Service Commission voted 2-1 last week to reissue the certificate of public convenience and necessity for Mississippi Power Co.’s Kemper County coal plant. Northern District Commissioner Brandon Presley was the lone dissenting vote. The order granting the certificate is a lot like the 2010 order. […] [...]

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