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Tag Archives: coal

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 private Institute for Technology Development ...

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Southern Co. shareholders to feel losses from Kemper plant

KEMPER COUNTY — Southern Co. shareholders will absorb $450 million in losses incurred while building a new coal-fired power plant in Mississippi, raising the total write-offs on the construction project to nearly $1 billion, utility officials said today. The utility announced the pre-tax write-off on its massive project in Mississippi’s Kemper County before releasing its second-quarter earnings Wednesday. Company officials ...

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Southern Co. faces questions in Georgia related to Kemper plant

KEMPER COUNTY — A decision to absorb losses on an over-budget power plant in Mississippi may haunt Southern Co. now that it wants regulators to raise its budget for a costly nuclear power plant in Georgia. Southern Co. executives fielded hostile questions today during their first testimony before utility regulators since announcing the firm could not meet its state-approved budget ...

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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 Commission to determine if spending ...

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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 Geter said Southern Co. shareholders ...

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Patrick Sullivan says state can have a global energy impact

Patrick Sullivan is president of the Mississippi Energy Institute in Jackson, an energy policy and research and development hub dedicated to helping Mississippi compete in the global energy sector. The institute was founded in 2009 under the Mississippi Economic Council, but is now a standalone, privately funded business. Its mission is to develop policies and strategies to encourage more energy production ...

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Jackson institute provides leadership in finding new sources of energy

With global energy consumption poised to increase by 50 percent over the next 25 years, Mississippi can play a role in supplying that energy and manufacturing related products. The Mississippi Energy Institute, a non-profit, privately funded organization, is providing leadership to capitalize on these opportunities. The organization’s president, Patrick Sullivan, says the group’s core mission is developing a state energy ...

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Southern's earnings impacted by increased Kemper plant cost

ATLANTA — Southern Company, the parent of Mississippi Power Co., reports first quarter 2013 earnings of $81 million, or 9 cents a share, compared with earnings of $368 million, or 42 cents a share, in the first quarter of 2012. The first quarter results include two charges against earnings – a $333-million (38 cents per share) after-tax charge related to ...

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