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On the Blogs: The Undoing of the Kemper ‘Clean Coal’ Project

From InsideSource.com: Originally, the project was budgeted for $2.8 billion. Today, the plant is still not fully operational, and construction costs are nearly $6.9 billion. Some of that cost was borne by taxpayers. Mississippi Power received a $270 million grant from the Department of Energy and $133 million in tax credits when the project began. […]

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IEEFA Update: Kemper, Edwardsport, and ‘Clean Coal’

Construction Delays and Budget Overruns; Productivity Problems; High Operating Costs

If the “clean coal” integrated gasification combined cycle (IGCC) technology promoted at home and abroad by the U.S. utility industry sounds too good to be true, it’s because it is. That’s why Moody’s Investors Services warned the other day that it might downgrade the credit of Mississippi Power Company because of the declining competitiveness of […]

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Southern Company’s ‘Clean Coal’ Flop

Russell Gold for the Wall Street Journal: Southern Co. said it has nearly completed a first-of-its-kind “clean coal” power plant, though a new analysis suggests it might not make sense to burn coal in it. After taking nearly seven years and $7.1 billion to build, the Kemper County, Miss., facility, which can burn coal and […]

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Moody’s Weighs Another Downgrade of Faltering ‘Clean Coal’ Project in Mississippi

Mary Perez for the (Gulport, Miss.) SunHerald: Moody’s Investors Service placed Mississippi Power Company’s ratings on review for another downgrade after the company last week announced a ninth extension for placing the now $7 billion Kemper energy facility into service using lignite. About $800 million of debt securities are affected by the possible downgrade, including […]

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On the Blogs: Three Lawsuits Question Forthrightness of Kemper Project Developers

Steve Wilson for Mississippi Watchdog: The Kemper Project clean coal power plant has been generating electricity using natural gas since 2014, but now the facility is generating something else for its owner — lawsuits. The Southern Company is embroiled in three lawsuits active in courts in Georgia and Mississippi over alleged fraud in the protracted […]

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Kemper ‘Clean Coal’ Plant, $4 Billion Over Budget and Two Years Behind Schedule, Delayed Again

Jeff Amy for the Associated Press: More than $4 billion over budget and more than two years late, Mississippi Power Co. announced Tuesday that its $7.1 billion Kemper County plant is finally making electricity from gasified lignite coal. But the unit of Atlanta-based Southern Co. said that after achieving the goal Sunday, it must make […]

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Lawsuit Alleges Deception by Southern Company on Kemper ‘Clean Coal’ Project in Mississippi

Mary Perez for the (Gulfport, Mississippi) Sun-Herald: A class-action lawsuit has been filed against Southern Co. over Mississippi Power’s construction of the Kemper County energy plant. The suit charges Southern Co. and some of its officers and directors with violations of the Securities Exchange Act of 1934. Robbins Geller Rudman & Dowd LLP filed the […]

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Rural Mississippi Electricity Coop Bails Out of Kemper ‘Clean Coal’ Project and Gets a Ratings Upgrade

Ted Carter for Hattiesburg Business Today: Bailing out of its 15 percent ownership stake in Mississippi Power’s Kemper gasification plant has helped Hattiesburg-based Cooperative Energy gain a ratings upgrade on a $35.4 million bond issue. The electric power co-op, which changed its name to Cooperative Energy from South Mississippi Electric Power Association in November, received […]

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Battered Kemper Coal Project May Get a ‘New Lifeline’

Rebecca Smith for the Wall Street Journal: The most expensive fossil-fuel power plant ever built in the U.S. could soon get a financial lifeline thanks to President-elect Donald Trump, who has signaled interest in clean-coal initiatives as a way to preserve mining jobs. Buoyed by Mr. Trump’s enthusiasm for the U.S. coal industry, several congressional […]

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Coal Makes Poor People Poorer

Dana Nuccitelli for The Guardian: A dozen international poverty and development organizations published a report last week on the impact of building new coal power plants in countries where a large percentage of the population lacks access to electricity. The report’s conclusions are strikingly counter-intuitive: on the whole, building coal power plants does little to […]

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