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Tag Archives: COST

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 ...

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State gets federal funding for test costs of low-income students

JACKSON — The U.S. Department of Education will give Mississippi nearly $55,000 to help pay the costs of low-income high school students taking Advanced Placement and other exams that could help them earn college credit after accelerated high school classes. The money comes at a time when the number of Mississippi students taking advanced placement tests has fallen for two ...

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Report: Mississippians pay some of highest car costs in U.S.

ACROSS MISSISSIPPI — Wyoming is the most expensive state to operate a motor vehicle and Iowa is the cheapest, according to a new Bankrate.com report, but Mississippi is not too far behind. Bankrate factored in the annual costs of gasoline, insurance and repairs. In Wyoming, a typical driver spends $2,705 per year to operate his or her vehicle. In Iowa, ...

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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 and/or schedule extensions cannot be ...

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Kemper plant costs revised upward again

The cost of Mississippi Power’s controversial plant being built in Kemper County is rising again. The Southern Co. says it will cost at least another $177 million to finish the power plant it’s building in eastern Mississippi’s Kemper County, pushing the total cost above $5.2 billion The Atlanta-based parent of Mississippi Power Co. said yesterday that poor weather, unexpected turnover ...

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Construction materials prices show some volatility

WASHINGTON — Construction materials prices expanded just 0.1 percent in December and are up 1.3 percent year over year, according to a Jan. 15 Producer Price Index released by the Department of Labor. Nonresidential construction materials prices also rose only 0.1 percent for the month and are 1 percent higher than the same time one year ago. “Materials prices continue ...

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Entergy reports decreased profit; gives 2014 forecast

NEW ORLEANS — Entergy Corp. said day that its third-quarter profit fell 29 percent on higher costs, and it gave a 2014 forecast with midpoint below analysts’ expectations. Shares of the power generating and distribution company fell $2.05, or 3 percent, to close at $66.06. Net income fell to $239.9 million, or $1.34 per share, compared with $337.1 million, or ...

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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 billion. Atlanta-based Southern Co., the ...

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Hog farmers continue to see obstacles, but market improving

ACROSS MISSISSIPPI — Swine producers are discovering the only constant in their industry is change. John Michael Riley, agricultural economist with the Mississippi State University Extension Service, said a variety of challenges have kept the state’s swine producers adjusting their strategies to avoid financial losses in recent decades. Just when producers adjust to overcome one hurdle, another one develops to ...

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Port, consultant at odds over expenses; contract may be terminated

GULFPORT — The state port of Gulfport is negotiating reductions in contract costs with CH2M Hill, the global consulting and engineering firm that conceived ambitious expansion plans unveiled in 2008 but since curtailed. “It’s my opinion we really don’t need all their services they offer and the expenses that are going along with it,” said Bobby Knesal, an engineer and ...

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