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Tag Archives: Southern Co.

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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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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Most said to want Kemper refund checks, not credits

  Associated Press The unit of Atlanta-based Southern Co. said Monday that 110,000 customers had contacted it by Friday to ask that refunds be issued as checks, not as bill credits. Customers who didn’t request checks will automatically get credits. The state Supreme Court ordered Mississippi Power in February to refund about $377 million to its 186,000 customers — money ...

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Kemper plant costs parent 11 cents a share for quarter

AP/MBJ staff Mississippi Power Co.’s Kemper County coal-gasification plant cost overruns cost parent Southern Co. 11 cents a share in the third quarter. Southern Co. said Wednesday that wrote down $93 million for the overruns of the plant in the quarter, whose price tag has reached $6.4 billion, compared with the original estimate of $2.8 billion. Mississippi Power said on ...

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Mississippi Power: tax credit likely to be repaid

Associated Press Mississippi Power Co. announced Tuesday it will likely have to repay a $234 million federal tax credit because its Kemper County power plant won’t be in operation by April 19. The unit of Atlanta-based Southern Co. said it probably won’t meet that deadline to start producing carbon dioxide at the $6.3 billion plant it’s building in eastern Mississippi, ...

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ALAN TURNER: Kemper coal plant essentially complete

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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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 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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Mississippi groups attack carbon dioxide limits, say unreasonable

JACKSON — Mississippi regulators and utilities are savaging the federal government’s proposal to force Mississippi power plants to cut carbon dioxide emissions. In comments filed in December, leaders of utilities, state agencies and business groups called the U.S. Environmental Protection Agency’s Clean Power Plan illegal, infeasible and economically unbearable. The EPA announced specific targets for all the states in June, ...

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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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