IEEFA Research

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  

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Report- The Kemper IGCC Project: Cost and Schedule Risks

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

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More News and Commentary

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 […]

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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. […]

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Op-Ed: Mississippi’s ‘Clean Coal’ Boondoggle

Mark Klinedinst for the Hattiesburg American: The Kemper County Energy Facility by Mississippi Power and the Southern Co. is putting an undue hardship on the 23 southern Mississippi counties through higher electric rates. This approximately $7 billion boondoggle will produce, if it ever actually goes online, the same power as a gas plant that might […]

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Mississippi ‘Clean Coal’ Project Delayed Again, $43 Million Added to Cost

Mary Perez for the (Biloxi) Sun Herald: Mississippi Power announced Monday the Kemper County energy facility will take a month longer than last estimated to start generating electricity with lignite and cost an additional $43 million. In a filing with the Securities and Exchange Commission the company said the estimated in-service date has moved to […]

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More Cost Overruns at Kemper Coal-Gasification Plant

Jeff Amy for the Associated Press: Mississippi Power Co. says it will spend another $9 million on its overrun-plagued Kemper County power plant, pushing its total cost toward $6.8 billion. The unit of Atlanta-based Southern Co. will absorb the cost, part of $2.5 billion it’s absorbing. Southern Co. will write off $38 million before taxes […]

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On the Blogs: An ‘Unraveling’ at Southern Company’s Kemper Experiment

Matt Kasper for EnergyPolicy.org: Southern Company has unveiled a new corporate brand. This comes a week after the monopoly utility was the center of a New York Times investigation revealing poor company management and potential fraud, according to a whistleblower and numerous previously undisclosed documents. In the wake of acquiring the natural gas company, AGL […]

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On the Blogs: Electric Cooperatives in Southern U.S. ‘Frozen in the 1950s’

From ChiefOrganizer.org: Looking at all available information on 313 cooperatives and their governance and representation structure in the twelve-state southern region, the Rural Power Project found that time had stopped and the leadership structure of many of rural electric cooperatives seemed “frozen in the fifties.” The report examined available documents revealing governance and representation patterns […]

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Editorial: Mississippi Deserves a More Modern Solar Policy

The Northside Sun (Jackson, Miss): The United States Energy Information Administration has concluded that the “levelized cost of energy” is about the same for solar and natural gas. The panels allow any homeowner to become a power producer. Solar has the added advantage of being carbon neutral. I am a man-made global warming skeptic, but […]

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Costs Continue to Mount at Kemper Coal-Gasification Project in Mississippi

Steve Wilson for Watchdog.org: Mississippi Power announced Friday the Kemper Project coal gasification power plant will cost an additional $18 million and could be delayed even further. The total estimated cost of the plant now stands at $6.6 billion. More delays — which the company says will add up to $25 million to $35 million […]

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Southern Company’s Kemper County Folly

A ‘Clean Coal’ Electricity Plant in Mississippi Offers an Abject Lesson in Costly Failure

Chalk up some new setbacks for Southern Company for its poorly conceived and wildly expensive Kemper County coal gasification power plant in eastern Mississippi. In a ruling last week, the Mississippi Public Service Commission ordered Southern to refund $350 million in Kemper cost overrun charges it had levied against ratepayers. Standard and Poor’s promptly put […]

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