Posts Tagged ‘Power plant’

SMEPA to buy power plant; county watching with concern

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. […] [...]

Mississippi Power appealing PSC’s rate increase rejection

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 […] [...]

Fitch downgrades Mississippi Power after PSC blocks rate hike

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 […] [...]

PSC could rule on Mississippi Power rate-hike request today

by Associated Press Published: June 22,2012

Tags: coal, electric, electric generation, electricity, power, power generation, Power plant, rate, ratepayer, state agency, utility

KEMPER COUNTY — A rate increase for Mississippi Power Co. customers could be approved today. The Mississippi Public Service Commission will consider a request by the company to raise rates by $58.6 million over the last six months of 20102. That money would start paying debt costs for the $2.76 billion coal-fired power plant the […] [...]

Mississippi Power petitions for rate hike to pay for Kemper plant

KEMPER COUNTY — Mississippi Power Co. wants a 6 percent rate increase to pay for the coal-fired power plant it is building in Kemper County. Jeff Shepard, a spokesman for the Gulfport-based unit of Southern Co., said yesterday that would increase the company’s overall revenue from its 193,000 customers by about $50 million. The Mississippi […] [...]

Environmentalists back in court to fight Kemper coal plant

KEMPER COUNTY — Environmentalists have gone back to court with their continued opposition to construction of a coal power plant in east Mississippi. In the latest court filing in Harrison County Chancery Court, the Sierra Club of Mississippi wants the plant’s builder, Mississippi Power Co., to assume the risk of construction while the appeal proceeds. […] [...]

TVA revises of cost of nuclear plant construction to $4.5B

by Associated Press Published: April 8,2012

Tags: construction, costs, electricity, energy, nuclear energy, power, power generation, Power plant, utilities

NORTH MISSISSIPPI — The Tennessee Valley Authority says the revised total cost to complete Unit 2 at Watts Bar Nuclear Plant in Spring City, Tenn., is up to $4.5 billion. The earlier estimate in 2007 had been $2.49 billion. The federal utility, in a statement yesterday, blamed the increase on poor previous estimates and that […] [...]

PSC gives temporary approval to Kemper coal plant construction

by Associated Press Published: March 30,2012

Tags: coal, construction, courts, electricity, energy, Power plant, state agency, utility

JACKSON — Utility regulators say Mississippi Power Co. can continue temporarily to build its Kemper County coal-fired power plant. In a meeting today that lasted less than a minute, the state Public Service Commission voted 2-1 to give temporary construction authority to the unit of Atlanta-based Southern Co. The vote came weeks after the state […] [...]

Regulators meeting now to consider Kemper coal plant construction

JACKSON — State utility regulators are in session now (Friday) in Jackson to consider issuing a temporary certificate sought by Mississippi Power Co. to continue work at its Kemper County coal-fired power plant. They began at 9 a.m. The Mississippi Supreme Court ruled March 15 that the Public Service Commission failed to lay out its […] [...]

(UPDATED) PSC wants proposals from MPC, Sierra Club on Kemper plant

>> SEE UPDATE AS OF THURSDAY MORNING …. KEMPER COUNTY — State utility regulators have asked Mississippi Power Co. and the Sierra Club to submit proposals on how to proceed with the Kemper County coal-fired power plant. The Mississippi Supreme Court ruled March 15 that the Public Service Commission failed to lay out its reasoning […] [...]

« Previous Page Next Page »

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments