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Tag Archives: energy

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 to ...

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Auditor: All but $3.6M of $377M in Kemper refunds complete

All but $3.6 million of $377 million in rate refunds related to Mississippi Power Co.’s Kemper County plant are back in the hands of customers, auditors say. The utility has complied with the refund order “in all material respects,” the Hattiesburg accounting firm of Topp McWhorther Harvey told members of the Mississippi Public Service Commission on Thursday. The remaining money ...

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Southern Co. chief calls Kemper plant ‘dual fuel investment’

By JACK WEATHERLY Tom Fanning, chief executive and chairman of the Southern Co., described in a teleconference with analysts last week Mississippi Power Co.’s Kemper County clean-coal power plant as “a dual fuel investment,” relying also on natural gas as needed. Fanning in the past has downplayed the long-term importance of natural gas despite having run the plant on it ...

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Entergy 2Q profit tops Street, lifts 2016 profit outlook

Entergy’s second-quarter profit easily topped Wall Street’s view, and the power company raised its full-year earnings forecast. Entergy’s net income attributable to the company was $567.3 million, or $3.16 per share, for the period ended June 30. A year earlier net income attributable to the company was $148.8 million, or 83 cents per share. Earnings, adjusted for one-time gains, were ...

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Solar-panel maker cuts jobs goal in half, gets more time

By JACK WEATHERLY  Stion Corp. has renegotiated its contract with state in which its commitment of jobs creation has been cut in half and its time limit was lengthened by five years. Its memorandum of understanding with the Mississippi Development Authority, city of Hattiesburg and Forrest County, which was amended in November, was obtained by the Mississippi Business Journal under ...

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