Abandon ship! Abandon ship! Will Southern’s CEO Tom Fanning go down with the ship? He commanded Kemper’s boondoggle to work. It hasn’t anyway. King Canute commanded the tide not to come in. It did anyway. Two egomaniacs? No. Just one. King Canute knew better.
We predicted Mississippi Power and Southern Cos would opt for a negotiated settlement of Kemper cost recovery if the free pass from Mississippi Regulators ended.
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.
According to this, there was some politics involved. Shocking!
It might be cheaper to run the Kemper Project clean coal power plant’s turbines on natural gas, but Mississippi Power wants customers to pay most of the cost for the coal gasification part of the plant.
“Not Cost Efficient?” Well duh, it only costs 10 times as much as a natural gas plant. “I cannot imagine the company is going to be held accountable for a changing gas-price forecast.” Well duh, how about being held responsible for cooking the books?
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 […]
“This is just one of the tricks the NOAA “scientists” employed to exaggerate warming: “Sounds like some of Mississippi Power’s tricks to exaggerate Kemper’s benefits.