Mississippi Business Journal » Power plant

Mississippi Power shuts down old plant in Pine Belt

Associated Press — Thu, 07 Feb 2013 17:26:01 +0000

PETAL — Mississippi Power Co. has shut down a generating plant in Petal. Mississippi Power says in a news release that Plant Eaton — named for the company’s first president, Barney E. Eaton Sr. — began operation in March of 1945. Ed Day, president and CEO of Mississippi Power, says when the 67.5 megawatt plant [...]

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Legislators pushing for bonds to cover Kemper plant costs

Associated Press — Wed, 30 Jan 2013 19:25:43 +0000

KEMPER COUNTY — Lawmakers are advancing a proposal to let Mississippi Power Co. sell bonds to cover expenses above $2.4 billion at the Kemper County power plant it’s building. They also want to allow the Mississippi Public Service Commission to approve a multi-year rate plan, to prevent a rate spike when the plant begins operation. [...]

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Refueling of nuclear reactor completed ahead of schedule

Associated Press — Fri, 11 Jan 2013 16:50:49 +0000

NORTH MISSISSIPPI — The Tennessee Valley Authority has refueled its Unit 2 reactor at the Sequoyah Nuclear Plant ahead of schedule. In a statement, TVA also said the refueling came in under budget. The reactor at the plant in Soddy-Daisy, Tenn., near Chattanooga, Tenn., was scheduled to be down for 90 days when the planned [...]

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Commissioners approve second part of Entergy’s rate increase

Associated Press — Tue, 08 Jan 2013 19:33:27 +0000

JACKSON — Entergy Corp. will raise customer bills again starting later this month to pay the costs of Entergy Mississippi buying a share of the Grand Gulf nuclear plant from sister company Entergy Arkansas. A residential customer who uses 1,000 kilowatt hours per month will see his or her bill increase $2.78 per month from [...]

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Utility reports all nuclear plants safely weathered Sandy

MBJ Staff — Tue, 30 Oct 2012 17:03:56 +0000

JACKSON — Entergy Nuclear reports its Indian Point Energy Center and James A. FitzPatrick Nuclear Power Plant in New York, Pilgrim Nuclear Power Station in Massachusetts and Vermont Yankee Nuclear Power Plant in Vermont have all safely weathered Hurricane Sandy. Indian Point 2, FitzPatrick and Pilgrim remained at full power while Vermont Yankee reduced power [...]

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Commissioners give nod to co-op’s purchase of power plant

Associated Press — Tue, 30 Oct 2012 12:27:40 +0000

BATESVILLE and HATTIESBURG — The Mississippi Public Service Commission has approved the $286-million sale of bankrupt LSP Energy to South Mississippi Electric Power Association. Commissioners voted 3-0 yesterday to give Hattiesburg-based SMEPA the right to operate the natural gas-fired power station in Batesville. The order also gives SMEPA the right to acquire any rights of [...]

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Fitch gives Mississippi Power ‘negative’ outlook; cites Kemper costs

MBJ Staff — Tue, 21 Aug 2012 15:21:50 +0000

GULFPORT — Fitch Ratings has rated Mississippi Power Company’s (MPC) issuance of $200 million series 2012A 4.25% senior notes due March 15, 2042 as “A.” These notes are part of the same series of debt securities as the $250 million senior notes issued on March 9, 2012. These notes are senior, unsecured obligations of MPC. [...]

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SMEPA to buy power plant; county watching with concern

Associated Press — Wed, 15 Aug 2012 12:54:20 +0000

BATESVILLE — South Mississippi Electric Power Association plans to buy a Batesville power plant for almost $286 million, a spokeswoman said yesterday. SMEPA spokeswoman Sara Peterson said the utility won a bankruptcy auction Monday to buy the assets of LSP Energy. Hattiesburg-based SMEPA generates and transmits power to 11 cooperatives in southern and western Mississippi. [...]

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Mississippi Power appealing PSC’s rate increase rejection

Associated Press — Tue, 10 Jul 2012 12:29:33 +0000

GULFPORT — Mississippi Power Co. asked the state Supreme Court yesterday to overturn regulators’ rejection of a rate increase. And while that appeal is going on, the company wants the high court to allow it collect the additional $55 million from customers. The unit of Atlanta-based Southern Co. would have to refund the money if [...]

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Fitch downgrades Mississippi Power after PSC blocks rate hike

MBJ Staff — Tue, 03 Jul 2012 20:36:21 +0000

GULFPORT — Fitch Ratings has downgraded the Issuer Default Rating (IDR) of Mississippi Power Company (Mississippi Power) to “A-“ from “A” and revised the Rating Outlook to “negative” from “stable.” Fitch wrote: “The downgrade is driven by the recent Mississippi Public Service Commission (MPSC) order to deny Mississippi Power’s revenue increase request to earn a [...]

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