Clean Coal

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Another Delay at Kemper ‘Clean Coal’ Project, Another $38 Million

Jackson (Miss.) Clarion Ledger: Mississippi Power Co. is again delaying completion for its $7.3 billion Kemper County power plant. The subsidiary of Atlanta-based Southern Co. says it still can’t reliably run parts of the plant, including units that convert lignite coal into gas. Southern said in a stock filing Monday that it’s pushing back completion […]

May 2, 2017 Read More →

Southern Co. Investors Question Executive Bonuses as Flagship Kemper ‘Clean Coal’ Plant Disappoints

Dow Jones: Several public pension funds and a foundation issued an open letter Monday to Southern Co. criticizing executive compensation at the Georgia-based utility and urging shareholders to vote against two board members because of the issue. The investors, including the California State Teachers’ Retirement System and the Nathan Cummings Foundation, argue executives are being […]

April 25, 2017 Read More →

Industry Intensifies U.S. ‘Clean Coal’ Campaign

SNL: A broad coalition of energy industry leaders are urging President Donald Trump and Congress to include carbon capture and sequestration projects and CO2 pipelines in a national infrastructure initiative. “The expansion of carbon capture from industrial facilities and power plants can enable use of America’s abundant coal, oil and natural gas resources while reducing […]

April 21, 2017 Read More →

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 […]

March 3, 2017 Read More →

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

From 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. […]

March 2, 2017 Read More →

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 →

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 […]

February 27, 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: The ‘Clean Coal’ Controversy in Australia

John Englart for 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 […]

February 3, 2017 Read More →