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January 25, 2013
10:52 EDTSOSouthern Company discloses Mississippi Power settlement agreement
The Southern Company (SO) disclosed this morning that Mississippi Power and the Mississippi Public Service Commission entered into a settlement agreement. Under the terms of the agreement, Mississippi Power and the Commission shall follow certain agreed-upon regulatory procedures and schedules for resolving the cost recovery matters related to the Kemper IGCC. These procedures and schedules include the following: Mississippi Power’s filing within 30 days of the Settlement Agreement of a new request to increase rates in 2013 in an amount not to exceed $172M of financing costs to be recorded to a regulatory liability to be used to mitigate rate impacts when the Kemper IGCC is placed in service; the Commission’s decision on that matter within 50 days of Mississippi Power’s request; Mississippi Power’s collaboration with the Mississippi Public Utilities Staff to file with the Commission within three months of the Settlement Agreement a rate recovery plan for the Kemper IGCC for the first seven years of its operation, along with a revenue requirement under such plan for 2014; the Commission’s decision on the rate recovery plan within four months of the filing; Mississippi Power’s agreement to limit the portion of prudently incurred Kemper IGCC costs to be included in rate base to the $2.4B certificated cost estimate, plus costs related to the lignite mine and carbon dioxide pipeline; provided that this limitation will not prevent Mississippi Power from securing alternate financing for any prudently incurred Kemper IGCC costs not otherwise recovered in any Commission rate proceeding contemplated by the Settlement Agreement; and the Commission’s completion of its prudence review of the Kemper IGCC costs incurred through 2012 within six months of the agreement.
News For SO From The Last 14 Days
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October 1, 2015
10:37 EDTSOBofA/Merrill's Top 10 US Ideas for Q4 2015
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September 30, 2015
14:47 EDTSOGeorgia Power to open 11 new EV charging islands
Georgia Power announced that the company will open 11 new electric vehicle charging islands to the public on October 1. The new charging islands, located at Georgia Power properties across the state, mark the completion of the first phase of planned charging infrastructure being developed by the company which will include approximately 61 community charging islands for public use statewide by the end of 2016. Georgia Power is the largest subsidiary of Southern Company (SO),
September 29, 2015
17:00 EDTSOSouthern Company subsidiary now sees Kemper County project in service in April
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09:26 EDTSOWolfe Research to hold a conference
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