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Brain Drain: Engineers and Managers Flee Southern Company’s Troubled Kemper ‘Clean Coal’ Plant

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.

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Clean energy’s dirty secret – Wind and solar power are disrupting electricity systems

…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.

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Workers vehicles fill parking lots at Mississippi Power’s Kemper County energy facility near DeKalb, Miss., in this 2012 photo. Delays and cost overruns at the “clean coal” plant have weighed on Southern Co.’s bottom line. (AP Photo/Rogelio V. Solis, File)

Southern Co.: risky projects undercut profits, stock price

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 […]

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Moody’s places Mississippi Power Company on review for downgrade

“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 […]

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