…The Kemper plant is now over three times its announced cost and eleven times the cost of the same size natural gas plant – with more cost increases coming. Kemper Kemper is Mississippi Power’s $5.8 billion experimental plant to produce electricity from lignite (low grade coal). It is under construction, behind schedule, and way over […]
And the big fool said to push on. Pete Seeger’s 1967 song was a metaphor for Lyndon Johnson and the Viet Nam War. It is now shorthand for a blind escalating commitment to a lost cause…Kemper’s Mississippi casualties are likely to include investments, jobs, the economy and the poor – if customers under Mississippi Power’s […]
Kemper in 30 seconds… Fun at lunch I was the speaker at a recent meeting of an old Jackson club. It was like lunch at Animal House. The club was founded in 1923, the year The Hunchback of Notre Dame was released. Lon Chaney was not present. Nor were any original members. However, many members […]
…an economic development policy that encourages private investments by knowledgeable businesses and individuals with skin in the game has a better chance of working than “next generation technology investments” picked by the governor and the Mississippi Development Authority. A better economic development policy I recently wrote about Mississippi’s efforts to create jobs by backing new […]
While the Fairness Police (aka Mississippi Public Service Commissioners) ponder what to do, they should not make any prudence determination until they see the Kemper plant operate routinely and know the cost of its electricity.