Mississippi

IEEFA Research

Report – No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity

Report – No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity

No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity (pdf) By Tom Sanzillo, Director of Finance, IEEFA  

November 19, 2014 Read More →
Report- The Kemper IGCC Project: Cost and Schedule Risks

Report- The Kemper IGCC Project: Cost and Schedule Risks

Report- The Kemper IGCC Project: Cost and Schedule Risks (pdf).    

December 3, 2012 Read More →

More News and Commentary

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 […]

February 28, 2017 Read More →

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 […]

February 23, 2017 Read More →

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 […]

February 7, 2017 Read More →

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 […]

February 3, 2017 Read More →

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 […]

January 26, 2017 Read More →

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 […]

January 5, 2017 Read More →

Lingering Questions on ‘Clean Coal’ Plant in Mississippi

Kendra Ablaza, Mississippi Today: Brandon Presley, chairman of the Public Service Commission, this afternoon talked about next steps for the Kemper County energy project and spelled out other utility-related legislative priorities he’d like to see take off in 2017. Presley, who represents the commission’s Northern District, laid out the commission’s priorities at a luncheon for […]

December 14, 2016 Read More →

More Delays at Mississippi Coal Gasification Project

Robert Walton for Utility Dive: The oft-delayed 582 MW Kemper coal gasification facility in Mississippi has been delayed again, with owner Southern Co. now saying it expects to begin full operations in January, the Atlanta Business Chronicle reports. In an 8-K filing with the U.S. Securities and Exchange Commission, the company said delays could cost […]

December 7, 2016 Read More →

On the Blogs: Operating Costs for Kemper Plant Going Up by 288 Percent

By Steve Wilson for MississippiWatchdog.org: When talking about the Kemper Project clean coal power plant, it’s easy to get hung up on the plant’s capital costs, now up to nearly $6.9 billion. Like an iceberg, there is a cost category lurking below the surface that could add up to even higher utility bills for Mississippi Power’s 186,000 customers in […]

October 20, 2016 Read More →

Kemper’s Troubled Coal-Gasification Plant Goes Further Over Budget, Misses Another Completion Deadline

From the Associated Press: Mississippi Power Co. is adding another month to the construction schedule and another $62 million to the cost of the power plant it’s building in Kemper County. Atlanta-based Southern Co., the parent of the electrical utility, announced Monday that it’s pushing back the completion date from Oct. 31 to Nov. 30. […]

October 4, 2016 Read More →