The Clarion Ledger selectively cut and pasted my article, It’s still a good idea, to change the message. It seems as though the Clarion Ledger buried the point that customers should only pay for the turbines on natural gas ($800 million) and omitted entirely the point that the company should pay for the gasifier ($5.4 […]
The fight over Mississippi Power’s proposed rate increase to help pay for at least part of the troubled Kemper Project power plant gained an important intervenor with the Mississippi Public Service Commission.
Kemper and NYC yellow taxis have something in common. “Government-enforced cartels fall faster and harder to disruptive innovation than most businesses. When change comes, it is more dramatic than in industries that already have competition.” Fracking is a disruptive innovation that makes natural gas and electricity cheap. The Kemper lignite plant is a wanna’ be […]
The power company filed a court-ordered plan Tuesday with the Mississippi Public Service Commission on how it will refund money billed to customers since 2013 to help fund the controversial Kemper Project integrated gasification power plant, now billions over budget and two years behind schedule.
Mississippi Power Co. is telling regulators that the company wants bill credits to be the default option when refunding the $350 million the company collected from customers for its Kemper County power 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%
Bad news for Mississippi Power. Good news for its customers. The Mississippi Public Service Commission met recently to implement the Mississippi Supreme Court’s orders issued six months ago to rescind the 18% rate increase and refund the $350 million the company illegally collected for its Kemper lignite project.
Mississippi Power Co. is trying again for a rate increase to help pay for the $6.2 billion power plant it’s building in Kemper County.
A compromise proposed in a meeting of the Mississippi Public Service Commission would allow the PSC to punt on a move to approve spending on the most controversial component of the Kemper Project.
Running an electric utility in the 21st century should be a reasonable and stable business…It is high time for Mississippi Power and Southern Company to pull the plug on Kemper and move on.