Clean Coal

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More Fallout Over Kemper ‘Clean Coal’ Project

Biloxi Sun Herald: Moody’s Investors Service on Wednesday downgraded Mississippi Power’s ratings, saying the action in part reflects the expected battle the company will have to wage to recover its costs for “the increasingly uneconomic Kemper integrated gasification combined cycle plant.” The downgrade is on approximately $800 million of debt securities. Moody’s began the rating […]

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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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U.S. Coal Producers Step Up Campaign to Rebrand the Industry as a ‘Clean Player’

From the New York Times: Seeking to shore up their struggling industry, the coal producers are voicing greater concern about greenhouse gas emissions. Their goal is to frame a new image for coal as a contributor, not an obstacle, to a clean-energy future — an image intended to foster their legislative agenda. Executives of the […]

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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: The ‘Clean Coal’ Controversy in Australia

John Englart for NoFibs.com.au: Significantly, this week we have had the Prime Minister Malcolm Turnbull making statements in support of ‘clean coal’ at the National Press Club. Similar to Tony Abbott’s coal lobby line of Coal is good for humanity. The Australian Conservation Foundation were quick to send a Note to PM: clean coal doesn’t […]

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Revisionist Policy Drift in Australia Toward Expanding Definition of ‘Clean Coal’

Michael Slezak for The Guardian: Just a few months ago, the idea that a new coal power station would ever be built in Australia seemed laughable. Banks, energy companies and even the Turnbull government seemed to accept the inevitable decline of the coal industry. But, since then, the Turnbull government has been furiously talking up […]

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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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