Home » Tag Archives: Kemper

Tag Archives: Kemper

ALAN TURNER: Kemper coal plant essentially complete

View of plant facing west at sunset.

We had an opportunity recently to visit with Lee Youngblood, who handles communications for Mississippi Power Co., and learned that the Kemper facility is essentially complete and ready for final testing and certification. “Once that’s done, we expect to see the facility up and running and doing what it’s supposed to do, by early 2016,” he said. Earlier in his ...

Read More »

Fitch cuts Mississippi Power credit rating on Kemper issues

kemper

JACKSON — Fitch Ratings lowered its credit rating for Mississippi Power by one notch from A- to BBB+ Friday, saying there remain “elevated risks” of financial, regulatory and construction trouble at the $6.2 billion Kemper County power plant. The rating agency, which had warned of the action, said its outlook for Mississippi Power is still negative, raising the risk of ...

Read More »

Kemper plant employee gag order continued

  Jack Weatherly A Jefferson County, Ala. judge on Friday extended for another month a gag order preventing  a key manager at Mississippi Power Co.’s Kemper County coal-fired power plant from making public statements about the facility. The parent of Mississippi Power Co., Atlanta-based Southern Co., contends that the information would do great harm to the company. The case is ...

Read More »

Refund ordered for Kemper power customers

Associated Press Mississippi Power Co. has been ordered to refund its customers for a rate increase put into effect in 2013 to begin paying for Kemper County power plant it is building. The Mississippi Supreme Court ordered the refund Thursday. In a 5-4 ruling, the Supreme Court said the state Public Service Commission erred in granting the increase. The PSC ...

Read More »

Kemper power plant overruns climb another $45 million

JACKSON — Southern Co. said it will spend at least another $45 million to finish the power plant it’s building in eastern Mississippi’s Kemper County, pushing total costs to nearly $6.2 billion. The Atlanta-based parent of Mississippi Power Co. said the additional money will pay for further construction costs and fuel during plant startup. Mississippi Power said it, and not ...

Read More »

Fitch gives Mississippi Power a negative outlook due to Kemper plant

GULFPORT — Fitch Ratings has affirmed the issuer default rating (IDR) and security ratings for Southern Company, and has affirmed the IDRs and debt ratings for Southern Company’s subsidiaries. The rating outlook for all of the subsidiaries is stable, except for Mississippi Power, which remains negative. Fitch wrote: “The key near-term uncertainty at Mississippi Power remains the execution risk associated ...

Read More »

Mississippi Power, Sierra Club reach settlement in Kemper plant case

KEMPER COUNTY — Mississippi Power will convert from coal to natural gas or retire several units at plants in south Mississippi and Greene County, Alabama, as part of an agreement to end litigation over construction of a coal-fired power plant in Kemper County. The company and the Sierra Club announced yesterday that they are ending the litigation. “The Sierra Club ...

Read More »

Area Development Magazine ranks Mississippi as second in the nation for competitive utility rates

  JACKSON, Mississippi — Public Service Commissioner Brandon Presley announced today that Area Development, a national site selection publication, recently ranked Mississippi as second in the nation for competitive utility rates related to economic development and job growth. “I am proud that the economic development community around the country is taking note of the pro-jobs efforts of the Mississippi Public ...

Read More »

Read June 18, 2012 issue of the MBJ

>> INSURANCE INSTITUTE: Lack of codes makes Mississippi Coast … MOST VULNERABLE — By Ted Carter Also in this week’s paper: >> LAST AGAIN: Insurance Institute gives state nation’s lowest grade for hurricane-resistant structures — by Ted Carter >> REPORT: 70,000 coastal properties at risk to storm — by Ted Carter >> AGRICULTURE: Southern senators: Farm Bill boosts Midwest, leaves ...

Read More »

(UPDATED) PSC requests proposals for Kemper County coal plant

>> SEE UPDATE AS OF THURSDAY MORNING …. JACKSON — State utility regulators have asked Mississippi Power Co. and the Sierra Club to submit proposals on how to proceed with the Kemper County coal-fired power plant. The Mississippi Supreme Court ruled on March 15 that the Public Service Commission failed to lay out its reasoning clearly when it changed the ...

Read More »