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Tag Archives: Mississippi Power Co.

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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Law to bolster utilities’ economic development efforts gets mixed reactions

A bill to bolster electric utilities’ economic development efforts sailed through the Mississippi Legislature and was signed by Gov. Phil Bryant on March 13. But after-the-fact reaction to the law ranges from suspicion and alarm to a characterization that such an interpretation is merely a tempest in a teapot. It could put customers of the state’s two investor-owned utilities, Entergy ...

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Kemper plant employee gag order continued

Jack Weatherly A Jefferson County, Ala. judge has 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 the latest development in ...

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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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PSC sticks to order allowing domestic violence victims to delay utility deposits

JACKSON — The Mississippi Public Service Commission won’t reconsider its order to let victims of domestic violence delay paying utility deposits for 60 days, setting up a possible legal showdown over the regulator’s authority over rural water association and electrical cooperatives. The commission voted 3-0 yesterday to deny a request from rural water associations and electrical cooperatives to rehear the ...

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Coast cleanup nets 1,600 bags of trash — and a watermelon patch

GULF COAST — Nearly 2,000 volunteers combed the Coast’s beaches, marsh areas and barrier islands Oct. 18, picking up trash at 47 sites during the 26th annual Mississippi Coastal Cleanup. Preliminary numbers show that during the three-hour cleanup, 1,616 people picked up 1,603 bags of trash, including 275 bags of recyclables along 100 miles in Harrison, Hancock and Jackson counties. ...

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Hancock Bank to celebrate its 115th year in operation

GULFPORT — At the turn of the 20th century, 19 South Mississippians envisioned a bank committed to helping local people succeed. So, with $10,000 in capital and a business plan built on core values, they opened Hancock Bank. On Oct. 9, Hancock Bank will celebrate 115 years of serving the Coast with festivities in Lighthouse Park at the bank’s downtown ...

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Kemper County plant's costs continue to rise; completion delayed again

KEMPER COUNTY — Southern Co. said yesterday that it will cost at least another $59 million to finish the power plant it’s building in eastern Mississippi’s Kemper County, pushing the total cost above $5.6 billion. The Atlanta-based parent of Mississippi Power Co. also announced that the work on the parts of the plant that will gasify lignite and extract chemicals ...

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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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Kemper County power plant costs rise another $30M

KEMPER COUNTY — Southern Co. says it will cost at least another $30 million to finish the power plant it’s building in eastern Mississippi’s Kemper County, pushing the total cost to nearly $5.6 billion. The Atlanta-based parent of Mississippi Power Co. said the additional money will pay for material and labor during the plant’s startup phase, including contract workers to ...

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