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Tag Archives: Southern Company

Contractors dispute claim of shoddy work at Kemper

Since late March, the projected cost of Mississippi Power Co.’s Kemper County coal plant has gone from $2.4 billion to $2.8 billion. The latest figure is the cap the Mississippi Public Service Commission imposed on the project. David Newell, president of the Central Mississippi Building and Construction Trades Council, said he isn’t surprised. In an interview last week, Newell said ...

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BREAKING NEWS: Second agency cuts Mississippi Power Co.'s credit rating

JACKSON — Another credit rating agency has downgraded its view of Mississippi Power Co. Two of the three major agencies have now cut ratings after the Mississippi Public Service Commission denied Mississippi Power a rate increase to pay off debt during construction of its $2.8 billion Kemper County power plant. Moody’s Investors Service cut its rating on about $1 billion ...

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Supreme Court denies Miss. Power’s rate increase (Updated with clarification)

Mississippi Power is now 0-2 when it comes to collecting money to pay for its Kemper County coal plant. The Mississippi Public Service Commission in June denied a 13 percent rate increase that would have generated about $58 million. The company quickly appealed to the Mississippi Supreme Court, which affirmed the PSC’s ruling Tuesday afternoon. The court voted 8-0 to ...

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Mississippi Power appeals rate hike denial

A few hours after a second overrun for its Kemper County coal plant was revealed, Mississippi Power Co. said last week it was appealing the Public Service Commission’s denial of a rate increase the company had requested to help pay for the facility. The company appealed the PSC’s order to the Mississippi Supreme Court. On June 22, commissioners voted 3-0 ...

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Kemper coal plant costs surge again

The Kemper coal plant’s Independent Monitors’ Report for the period through the end of May shows the project has crept closer to the $2.88 billion cap the Public Service Commission imposed on it. Monitors, hired by the Commission to oversee construction, now estimate that the cost to build the lignite coal-fired generation facility will reach $2.822 billion. It’s the second ...

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MBJ readers vote overwhelmingly against rate increase for Mississippi Power Company

Mississippi Business Journal readers, so far, are overwhelmingly against Mississippi Power Company being awarded a rate increase which would help pay for the Kemper County coal plant. Mississippi Power is appealing to the Mississippi Supreme Court the Public Service Commission’s decision not to act on rate increase requests until the litigation surrounding the facility is finished. To this point, 89 ...

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Natural gas vehicles, like the Toyota Prius, face the chicken-and-egg syndrome

While the push is under way in some states to provide roadside battery-charging for the thousands of electric cars on the highways, another alternative, the natural-gas-powered vehicle, mostly sits idle. Anyone who has watched television in the past decade knows about the Chevy Volt and hybrids like the Ford Fusion or the Toyota Prius. But only Honda sells a natural-gas-powered ...

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STODDER: Natural gas vehicles, like Toyota Prius, face chicken-and-egg syndrome

While the push is under way in some states to provide roadside battery-charging for the thousands of electric cars on the highways, another alternative, the natural-gas-powered vehicle, mostly sits idle. Anyone who has watched television in the past decade knows about the Chevy Volt and hybrids like the Ford Fusion or the Toyota Prius. But only Honda sells a natural-gas-powered ...

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Independent monitor: Kemper contingency 91 percent gone

Included in the April 24 order granting a new certificate of public convenience and necessity for Mississippi Power Co.’s Kemper County coal plant was a portion of the March report from the project’s independent monitors. The report, which monitors file monthly, said that 91 percent of the company’s contingency has been allocated, with the project 26 percent complete. Included in ...

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