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Tag Archives: Kemper

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 operation of the coal-gasification operations at the Kemper County power plant will be suspended and natural-gas operations would continue. The statement came as the Mississippi Public Service Commission’s hearing approaches. It will be held Thursday, July 6, to determine the ...

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PSC to Mississippi Power: enough is enough on Kemper

By JACK WEATHERLY Years of construction delays and huge cost overruns at Mississippi Power Co.’s Kemper County clean-coal gasification plant have reached the breaking point, as far as state regulators are concerned. The Mississippi Public Service Commission voted unanimously Wednesday to issue an order on July 6 giving the utility 45 days to comply with the order that would allow ...

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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 ...

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Kemper not finished, but Mississippi Power to file rate plan

Mississippi Power Co. says it will file plans Monday for customers to pay their share of its $7.3 billion Kemper County power plant, even though the plant isn’t finished. The unit of Atlanta-based Southern Co. didn’t yet have a cost update in a Wednesday statement, after Mississippi Power pushed back Kemper’s completion date for the 10th time in 18 months. ...

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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 ...

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Report warns of possible tax subsidy for Kemper plant

A report released Tuesday warns Congress against tax changes that could subsidize Mississippi Power Co.’s Kemper County power plant by an additional $700 million to $4.5 billion. Environmental group Friends of the Earth and anti-subsidy group Taxpayers for Common Sense say members of Congress could try to enact changes before year’s end as part of a larger tax bill. Lukas ...

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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 ...

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Utility projects operation costs to quadruple estimate after Kemper County power plant starts up

Associated Press The ballooning cost of building Mississippi Power Co.’s Kemper County power plant won’t end when construction is done. The company now projects operation and maintenance costs will total $1 billion in its first five years — four times what regulators approved. The gasified coal-burning plant’s equipment, material and workforce have increased sharply during this building phase, raising the ...

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MDEQ reissues discharge permit for Kemper plant

State officials are affirming a permit that allows Mississippi Power Co.’s Kemper County power plant to discharge water into a creek during high rainfall. The Mississippi Department of Environmental Quality’s Permit Board voted unanimously Tuesday to reissue the permit with minor changes in how on-site sewage is treated and monitored. The vote comes after a Meridian man challenging the permit ...

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Kemper overrun reaches $81 million for second quarter

By JACK WEATHERLY  As expected, Mississippi Power’s coal-gasification power plant has missed another deadline. The utility on Monday moved back the start-up of the commercial operation of the plant in Kemper County another month, till Oct. 31. Time delayed is cost accumulated. The latest postponement will add $43 million to the price tag on the plant, which originally was projected ...

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