Home » Tag Archives: coal

Tag Archives: coal

PSC starts clock ticking on resolution of Mississippi Power case

  By JACK WEATHERLY The latest chapter in the saga of Mississippi Power Co.’s troubled 582-megawatt “clean coal” power plant in Kemper County started Thursday. “The clock starts ticking today,” Public Service Commission Chairman Brandon Presley said of the order laying out what the PSC says are Mississippi Power’s options. The plant, construction of which began in 2010, was initially ...

Read More »

Mississippi Power suspending Kemper coal operation pending PSC showdown

  By JACK WEATHERLY Mississippi Power Co. and its parent, the Southern Co., issued a statement Wednesday saying that the coal-gasification operations at the Kemper County power plant will be suspended and natural-gas operations would continue. The statement came as a Mississippi Public Service Commission hearing approaches on Thursday, July 6, to determine the future of the project that is years behind ...

Read More »

Mississippi power plant costs cross $7.5B; rate plan delayed

A Mississippi utility on Monday delayed making proposals for how its customers should pay for an ever-more-expensive power plant, even as the estimated cost of the facility crossed $7.5 billion. Thomas Fanning, CEO of parent Southern Co., told shareholders in May that Mississippi Power would file rate plans for its Kemper County power plant this month. But still unable to ...

Read More »

Mississippi Power could lose investment-grade credit rating

The increasing price and declining economic competitiveness of its $7.1 billion Kemper County power plant may cost Mississippi Power Co. its investment-grade bond rating from one of the nation’s three main credit rating agencies. Moody’s Investors Service said Monday that it’s considering lowering the electric utility’s credit rating, now at Moody’s lowest investment-grade level, after Mississippi Power announced it would ...

Read More »

UPDATED: Kemper completion pushed back to end of year

MBJ staff and wire   Mississippi Power Co. says it won’t complete its Kemper County power plant until the end of the year, a delay of a month that pushes the price tag up by $25 million, to nearly $7 billion. The company announced the delay Friday as its Atlanta-based parent Southern Co. filed quarterly stock disclosures, saying ratepayers wouldn’t ...

Read More »

Kemper plant costs parent 11 cents a share for quarter

AP/MBJ staff Mississippi Power Co.’s Kemper County coal-gasification plant cost overruns cost parent Southern Co. 11 cents a share in the third quarter. Southern Co. said Wednesday that wrote down $93 million for the overruns of the plant in the quarter, whose price tag has reached $6.4 billion, compared with the original estimate of $2.8 billion. Mississippi Power said on ...

Read More »

Kemper County plant will cost at least another $496M to complete

KEMPER COUNTY — Southern Co. says it will cost at least another $496 million to finish the power plant it’s building in eastern Mississippi’s Kemper County, pushing the total cost above $6.1 billion. And, unlike other recent overruns, customers could have to pay $167 million of the charges if regulators agree. The Atlanta-based parent of Mississippi Power Co. pushed back ...

Read More »

Kemper County plant's costs continue to rise; completion delayed again

KEMPER COUNTY — Southern Co. said yesterday that it will cost at least another $59 million to finish the power plant it’s building in eastern Mississippi’s Kemper County, pushing the total cost above $5.6 billion. The Atlanta-based parent of Mississippi Power Co. also announced that the work on the parts of the plant that will gasify lignite and extract chemicals ...

Read More »

Kemper County power plant costs rise another $30M

KEMPER COUNTY — Southern Co. says it will cost at least another $30 million to finish the power plant it’s building in eastern Mississippi’s Kemper County, pushing the total cost to nearly $5.6 billion. The Atlanta-based parent of Mississippi Power Co. said the additional money will pay for material and labor during the plant’s startup phase, including contract workers to ...

Read More »

TVA retiring coal-fired power plant; to build gas-burning facility

MEMPHIS, Tenn. — The Tennessee Valley Authority board of directors today approved replacing the Allen Fossil Plant in Memphis, Tennessee, with a natural gas plant. Following an environmental review that received comments from more than 1,500 people, the board agreed to retire the 55-year-old coal plant and replace it with a 2-on-1, combined-cycle gas plant. The board authorized up to ...

Read More »