Posts Tagged ‘Power plant’

Kemper plant will not meet construction schedule

KEMPER COUNTY — Mississippi Power Co. says its Kemper County power plant won’t be finished by the original May 2014 deadline, but will start service sometime later that year. The unit of Atlanta-based Southern Co. will have to repay $133 million in federal tax credits it received with the condition of meeting the May deadline. […] [...]

Mississippi Power to account for repayment if Kemper plant construction runs long

KEMPER COUNTY — If Mississippi Power Co. misses a May deadline to complete construction of a $4.3-billion power plant in Kemper County, it will be forced to repay $133 million in federal tax credits. However, the company says that because of accounting rules, it wouldn’t write the amount off from profit and wouldn’t add it […] [...]

Mississippi Power CEO talks about rate hike for Kemper plant

KEMPER COUNTY — Mississippi Power Co. CEO Ed Holland has told a Mississippi newspaper that if a 22 percent rate hike is approved to pay for its Kemper County power plant, the company won’t try to hit up customers for more. Holland told The Clarion Ledger in a meeting yesterday that shareholders will eat hundreds […] [...]

JobKeeper accuses Bigger Pie of using public money to oppose Kemper

KEMPER COUNTY — A group opposing Mississippi Power’s $4.7 billion power plant under construction in Kemper County finds itself on the defensive. » READ MORE: No public money funding Bigger Pie, organization claims … JobKeeper Alliance, a union-linked group based in Montgomery, Ala., claims the nonprofit Bigger Pie Forum is using public money held by the […] [...]

TVA buys majority share of power plant for $400M

SOUTHAVEN — The Tennessee Valley Authority has made a lease-purchase agreement to buy the majority share of a natural-gas fired power plant in Southaven. TVA and Seven States Power Corp., a group owned by TVA distributors, had bought the Southaven Combined Cycle Plant just south of Memphis in 2008. TVA owned 10 percent, while Seven […] [...]

Kemper coal plant now faces spending review

KEMPER COUNTY — The next battle over a Kemper County power plant will hinge on whether Mississippi Power Co.’s spending on the project was prudent — and that decision may come months later than a July 24 date that state regulators had agreed to earlier this year. The utility recently asked the state Public Service […] [...]

Mississippi Power reports escalating construction costs at Kemper plant

KEMPER COUNTY — Mississippi Power Co. warned yesterday that costs are still increasing at the power plant it’s building in Kemper County. The unit of Atlanta-based Southern Co. told stockholders that an ongoing review of costs at the coal-fired plant has initially identified at least another $160 million in cost increases. Mississippi Power spokeswoman Amoi […] [...]

Burkhalter moving ‘large vessels’ to Kemper coal plant

ACROSS MISSISSIPPI — Weather permitting, Burkhalter Rigging will move two “large vessels” today along a designated route from Bigbee Valley at Highway 388 to the Kemper County Power Plant site on Highway 493. According to the Mississippi Department of Transportation, each load will be 18 feet wide, 21 feet high, 132 feet long and weigh […] [...]

Mississippi Power shuts down old plant in Pine Belt

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 […] [...]

Legislators pushing for bonds to cover Kemper plant costs

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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