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SPECIAL REPORT: Rising sea levels pose business challenges for the Mississippi Gulf Coast

By BECKY GILLETTE Sea levels around the world are rising at greater rates that were initially predicted. What does that mean for coastal areas like the Gulf Coast? Rising sea levels make the Gulf Coast more vulnerable to storm surge associated with hurricanes, said Dr. Torbjorn Tornqvist, chairman of the Tulane University Department of Earth and Environmental Science, who has ...

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Another month’s Kemper delay adds $38M to power plant’s cost

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 by another month to May 31, more than three ...

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Mississippi Power: Another month, another $99M for Kemper

Mississippi Power Co. said Monday that it needs one more month and another $99 million to finish its $7.2 billion Kemper County power plant. The subsidiary of Atlanta-based Southern Co. said in a stock filing that it has finished repairs from a March tubing leak. The company aims to have the plant fully running by April 30, completing work more ...

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Mississippi Power’s Kemper plant blows deadline after leak

After a tubing leak in part of its Kemper County power plant, Mississippi Power Co. now says it’s unsure when the $7 billion plant will be finished. With the plant three years behind schedule, the Atlanta-based Southern Co. says it won’t meet the latest deadline of mid-March. Mississippi Power will update the schedule and cost of the plant next month. In a ...

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S&P upgrades Cooperative Energy

S&P Global Ratings has raised Cooperative Energy’s issuer credit rating from ‘A-’ to ‘A’. S&P Global Ratings also raised its rating on the cooperative’s series 2009A Mississippi Business Finance Corporation’s $40 million Gulf Opportunity Zone Bonds from ‘A-’ to ‘A’ with a stable outlook. Cooperative Energy (Cooperative), which recently changed its name from South Mississippi Electric Power Association, is a not-for-profit ...

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Mississippi Senate approves bill sending BP damages to coast

Mississippi senators want to create a new savings account channeling damage payments from the 2010 Deepwater Horizon oil spill to projects on the Mississippi Gulf Coast. The Senate voted unanimously Tuesday to approve Senate Bill 2634 , which would create an account to $750 million in receive economic damages that BP has agreed to pay to Mississippi over 17 years. The measure ...

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