Posts Tagged ‘Southern Co.’

EPA wants deep cut in state’s carbon emissions from power plants

WASHINGTON — The federal government is proposing that Mississippi’s carbon dioxide emissions from power plants be 38 percent lower by year 2030 compared to 2005. The U.S. Environmental Protection Agency announced specific targets for all states today as part of the Obama administration’s effort to reduce carbon dioxide emissions nationwide. Mississippi’s 2012 carbon emission rate […] [...]

Fitch Ratings taking no action due to Kemper plant delay

KEMPER COUNTY — Fitch Ratings is not taking any rating actions following the latest cost revisions and schedule extension for the Kemper integrated gasification combined cycle (IGCC) project. On April 28, Mississippi Power announced another revision on the scheduled in-service date for Kemper IGCC and a further increase in the construction costs. Further cost increases […] [...]

Southern Co. moves startup date for Kemper County plant

KEMPER COUNTY — The Southern Co. says the expected startup date of its coal gas-fired power plant in Kemper County is being pushed back to the first half of 2015. In a regulatory filing yesterday with the Securities and Exchange Commission, the company also says the plant’s cost is expected to rise by $196 million […] [...]

Judge to rule on release of Kemper power plant data

KEMPER COUNTY — A judge will sort out which records about Mississippi Power Co.’s Kemper County power plant should be released to a group that opposes the plant. The Mississippi Supreme Court ruled Thursday that Hinds County Chancery Judge Dewayne Thomas should release information sought by the Bigger Pie Forum, while withholding other information about […] [...]

Southern Co.: Kemper plant construction cost could grow by $40M

KEMPER COUNTY — The Southern Co. says it may cost another $40 million to finish the $5-billion-plus power plant and mine it’s building in eastern Mississippi’s Kemper County. The Atlanta-based parent of Mississippi Power Co. said yesterday that it would set aside money in the plant’s budget to cover possible start-up problems. Critics have warned […] [...]

Mississippi Power asks for rate hike to meet fuel costs

GULFPORT — Mississippi Power Co. says it needs to charge more in 2014 for fuel as part of its yearly rate evaluation. The unit of Atlanta-based Southern Co., in a filing with the Mississippi Public Service Commission, says it wants to raise rates by 3.35 percent. For residential customers, bills would go up 2.66 percent […] [...]

Fitch takes no action after Kemper plant cost, schedule changes

KEMPER COUNTY — Fitch Ratings is not taking any rating actions following the latest cost revisions and schedule extension for the Kemper integrated gasification combined cycle (IGCC) project. Last week, Mississippi Power Company (Mississippi Power) announced a revision in the scheduled in-service date for Kemper IGCC. The operational date is delayed to the fourth quarter […] [...]

Price tag for Kemper plant grows by another $150M

KEMPER COUNTY — Mississippi Power Co. says the expected cost of the power plant it’s building in Kemper County has risen another $150 million because of schedule delays. That pushes the total cost of the plant, a coal mine and associated pipelines to almost $5 billion. The complex was originally projected to cost about $2.8 […] [...]

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. […] [...]

After abrupt retirement, Mississippi Power still paying Day as consultant

GULFPORT — Even though Ed Day retired abruptly as Mississippi Power’s president earlier this year, he’s still getting paid. Day is being paid $150,000 a year for three years as a consultant, according to a stock filing by the Southern Co., the Atlanta-based parent of Mississippi Power. That’s in addition to his company retirement. The […] [...]

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