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Tag Archives: power plants

Mississippi Power wants rate hike, mainly for Kemper plant

GULFPORT — Mississippi Power Co. has filed documents with state regulators for a net rate increase of 11.35 percent. The company says customer impact will vary with electricity usage. Company spokeswoman Cindy Duvall says Mississippi Power made three separate filings late Tuesday to the Public Service Commission. Duvall says two were for increases and one was for a decrease in ...

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Kemper County power plant construction posing transportation problems

KEMPER COUNTY — The Mississippi Department of Transportation (MDOT) is informing motorists of the upcoming transport of extremely large loads to Kemper County for the construction of Mississippi Power’s new power plant. Beginning tomorrow night, there will be two transport vehicles moving extremely large loads from Big Bee Valley along Highway 388 to U.S. 45, then to Highway 16 west ...

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Entergy buying plant in Rhode Island, credits in New York

NEW ORLEANS — Entergy Corporation has reached an agreement with a subsidiary of NextEra Energy Resources, LLC, to acquire the Rhode Island State Energy Center (RISEC), a 550-megawatt power plant located in Johnston, R.I., for approximately $346 million, subject to closing adjustments. “The acquisition presents an opportunity to create value by acquiring modern, efficient generation at approximately half the new ...

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Day: Kemper County power plant on schedule

KEMPER COUNTY — Mississippi Power Co. president/CEO Ed Day says construction of a coal-fired electricity plant in Kemper County is on schedule. In an interview with The Associated Press, Day said yesterday that he expects Kemper County and Central Mississippi to see expanded economic benefits from the plant’s construction and operation. Mississippi Power has two coal projects on tap. One ...

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TVA to buy Magnolia power plant from Kelson

BENTON COUNTY — The staff of the Tennessee Valley Authority has negotiated an agreement to buy, subject to TVA board of directors’ approval, the 968-megawatt Magnolia Combined Cycle Gas Plant in northern Mississippi from Kelson Limited Partnership, a wholly owned subsidiary of Kelson Energy Inc. Terms were not disclosed. But according to TVA, the purchase price will be less than ...

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Fitch's outlook for Southern Co. is 'negative'

ATLANTA — Fitch Rating has assigned a rating of “A” to the $400 million senior unsecured notes issued by the Southern Company (Southern). The new notes will mature Sept. 15, 2015. The proceeds of the notes will be used for the proposed redemption of all or a portion of $250 million of 5.75 percent senior notes due Nov. 15, 2015, ...

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SMEPA buying interest in Kemper County plant

HATTIESBURG — South Mississippi Electric Power Association will buy a 17.5 percent stake in Mississippi Power Co.’s coal-fired, electric-generating plant in the Kemper County. The Hattiesburg-based power association announced the decision yesterday. SMEPA general manager/CEO Jim Compton says in a statement that the association needs new generating capacity to meet its growing power demand in south Mississippi. He says the ...

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