Most of last Monday’s hour-long Kemper coal plant hearing at the Mississippi Supreme Court centered on two questions: If the Mississippi Public Service Commission allows Mississippi Power Co. to charge its ratepayers for the facility’s construction, will it constitute a tax, or will it simply be a rate assessment? If it is a tax, does [...] [...]
The Mississippi Public Service Commission unanimously determined in 2009 that Mississippi Power would need additional baseload electric power generation to meet consumer demand in 2014. Baseload generation provides electricity that’s needed every hour of every day, 365 days a year. By 2014 with increasing demand for electricity and no additional baseload generation, Mississippi Power customers [...] [...]
Four years ago, lawmakers in Georgia’s General Assembly approved a bill designed to lessen the rate shock for Georgia Power Co. customers related to the utility’s construction of nuclear power units. Mississippi lawmakers are considering a similar bill for Mississippi Power Co.’s Kemper County coal plant. >> Read complete story here … [...]
Southern Co., the parent company of Mississippi Power Co., is partnering with a Texas based-firm that owns part of the technology that will be used at the Kemper County coal plant to market the technology to power companies worldwide. Southern Co. developed the Transport Integrated Gasification (TRIG) technology with Houston-based KBR. The process uses low-rank [...] [...]
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 [...] [...]
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JACKSON — Another credit rating agency has downgraded its view of Mississippi Power Co. Two of the three major agencies have now cut ratings after the Mississippi Public Service Commission denied Mississippi Power a rate increase to pay off debt during construction of its $2.8 billion Kemper County power plant. Moody’s Investors Service cut its [...] [...]
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. [...] [...]
by Clay Chandler Published: July 15,2012
Tags: Anthony Topazi, Brandon Presley, Fitch ratings, Leonard Bentz, Lynn Posey, Mississippi Power Company, Mississippi Public Service Commission, public utility, sierra club, Southern Company
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 [...] [...]
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 [...] [...]
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