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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’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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