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Tag Archives: Kemper

Mississippi Power adds $9 million to Kemper cost

Associated Press Mississippi Power Co. says it will spend another $9 million on its overrun-plagued Kemper County power plant, pushing its total cost toward $6.8 billion. The unit of Atlanta-based Southern Co. will absorb the cost, part of $2.5 billion it’s absorbing. Southern Co. will write off $38 million before taxes from its quarterly earnings, which will be announced Wednesday. ...

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PSC approves Mississippi Power rate cut

Associated Press Mississippi utility regulators are approving a settlement cutting rates for consumers but paying Mississippi Power Co. for part of its Kemper County power plant. The Public Service Commission voted 3-0 Thursday to approve a previously announced agreement between the unit of Atlanta-based Southern Co. and the Public Utilities Staff. A residential customer using 1,000 kilowatt hours monthly, will ...

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LETTER TO THE EDITOR: Thomas Blanton’s response to Bill Crawford column

letter to the editor

Response to Bill Crawford column: July 19, 2015 (BILL CRAWFORD: Blanton, court make higher rates likely for MPC customers) Misinformation is the worst kind. Mississippi Power used to be a beloved part of South Mississippi. However their corporate culture has transformed itself over the past few years. In the past it did not threaten its customers, subject its customers to ...

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Mississippi Power urges PSC for break on refunds

Associated Press Mississippi Power Co. is telling regulators that the company wants bill credits to be the default option when refunding the $350 million the company collected from customers for its Kemper County power plant. The unit of Atlanta-based Southern Co., in a Tuesday filing with the Mississippi Public Service Commission, said it only wants to issue checks when customers ...

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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 ...

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Fitch cuts Mississippi Power credit rating on Kemper issues


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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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