“O what a tangled web we weave when first we practice to deceive.”… Kemper’s justification is based on deceptive cost and revenue projections. Two lame duck PSC commissioners went along.
“The war on carbon literally hurts, sickens, and kills poor people all over the world. And I can assure you … the poor are not amused.”
Mississippi Power, in asking for the most recent increase, said it needed cash immediately because it had reached its borrowing capacity and could not count on its parent company, Southern Company, to infuse anymore revenue.
Denbury Resources says it still plans to buy carbon dioxide from the Kemper Project integrated gasification power plant despite the company’s recent tumbling fortunes.
“What Could Change the Rating – Down? … if there are additional material delays, cost increases, or other problems associated with the plant;” In other words, if the future is like the past.
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.
State utility regulators agreed Thursday that Mississippi Power Co. needs more money immediately, granting the company an 18 percent rate increase that, while temporary for now, could become permanent by December.
After having one 18 percent rate increase rescinded, Mississippi Power customers will be hit with another same-sized increase by September after the Mississippi Public Service Commission voted 2-1 Thursday to give the utility emergency rate relief.
State utility regulators plan to decide Mississippi Power Co.’s request for an 18 percent rate increase on Aug. 13.
Bloomberg says Blanton’s sentiment (about Mississippi Power’s rate increase) is spreading: “I’m not going to let anyone take my money and give me nothing in return.”