Southern Company is struggling to complete two nuclear plants under construction. So it pulls the plug on a planned new nuclear plant. It’s struggling with the Kemper “clean coal plant” too. No announcement yet about all its touted future “Kempers.”
…the more states support renewables, the more they pay for conventional power plants, too, using “capacity payments” to alleviate intermittency. In effect, politicians rather than markets are once again deciding how to avoid blackouts.” And we know politicians are really smart about energy as Kemper proves.
While energy research is important, there are some experiments that the federal government needs to stop funding.
Southern violates the first law of holes: when you are in a hole, quit digging. It keeps throwing good money after bad at its Mississippi Kemper Lignite Project. That may be because it thinks it’s throwing customer’s money. That will be the case if Mississippi’s Public Service Commission makes customers pay for Southern’s mistakes. The […]
“The review of Mississippi Power’s ratings considers the declining competitiveness of the Kemper Integrated Gasification Combined Cycle (IGCC) plant as project costs have continued to rise, operating costs are increasing, and natural gas prices remain low…” and “The review also reflects the continued inability of the company to place the plant into service, with nine […]
The Mississippi Public Service Commission approved a 15 percent rate increase Thursday for Mississippi Power, to help pay for the gas-fired portion of the Kemper plant that is producing electricity.
Mississippi Power and state utility are close to an agreement that would defer some regulatory costs on the Kemper Project power plant in exchange for a power rate reduction.
Mississippi Power customers should have kept the champagne on ice to celebrate the end of an 18 percent rate increase. Turns out their bills will increase by the same amount in September, barring another court order.
Hello Kemper. “Shale drilling is a young industry, and there’s still plenty of fat to trim and processes to refine. For OPEC, this serves as a reminder: you bet against American innovation at your own risk.” Except the PSC puts the customer at risk for Mississippi Power’s bad bet on the Kemper Lignite Plant.
Mississippi Power Company’s 2014 Retail Customer Breakdown Dollars and KWH (Millions) Revenue KWH Residential $239 30.1% 2,126 21.3% Commercial 257 32.3% 2,860 28.7% Industrial 291 36.6% 4,943 49.6% Other 7 0.9% 41 0.4% Total Retail $795 99.9% 9,969 100.0%