Watchdog.org reported the SEC is investigating the Kemper project:
The U.S. Securities and Exchange Commission is conducting an
investigation of Southern Company and its subsidiary Mississippi Power
over costs and delays at the Kemper Project clean coal power plant.
The company revealed the investigation Thursday in a 10-K filing.
The Southern Company said in the filing that the investigation
is focused on the pre-2010
timeframe and centers on “accounting matters,
disclosure controls and procedures, and internal controls over
financial reporting associated with the Kemper IGCC (integrated
gasification combined cycle).”
As of March 31, the project has accrued $1.5 billion in cost overruns, according to the filing.
The $6.72 billion plant, which is designed to transform lignite coal
mined on site into synthesis gas for use in the facility’s
electricity-generating turbines, has been beset with delays, litigation
and massive cost increases. Last month, the company revealed another $60
million cost increase and further delays that will push the plant’s
online date to at least September, according to an SEC filing.
The company also says that it will cost between $25 million and $35
million for each month the plant is not in operation. The plant has been
generating power with natural gas since 2014.
Saturday, May 7, 2016
SEC investigating Kemper
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Trollfest '09
Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.
Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).
Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.
Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".
In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.
In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.
Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.
Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!
This is definitely a Beaver production.
Note: Security provided by INS.
Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).
Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.
Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".
In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.
In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.
Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.
Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!
This is definitely a Beaver production.
Note: Security provided by INS.
Trollfest '07
Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.
There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.
If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!
This is definitely a Beaver production.
Note: Security provided by INS.
There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.
If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!
This is definitely a Beaver production.
Note: Security provided by INS.
22 comments:
I can't believe more people aren't outraged by the whole kemper fiasco.
Why's our AG not looked into this yet?
People need to raise hell over this. Look into all the players involved.
Why are the leaders of our state remaining relatively silent about this whole thing? How's southern company managed to pull this over on the poorest state in the country????
If only some will go to prison...
Why's our AG not looked into this yet?
"What's past is prologue". When Hood doesn't get involved it means that a member of his extended family or friends got paid.
^
It does not affect most of the state of MS.
As a result, it gets little real scrutiny.
Its also highly complicated....making it hard to study and dissect.
Once they propose new even higher rates to pay for it...thats when it will get ugliest.
Do you not know who the lobbyist is for Southern Company?
Yeah the same gov who changed the state law in order for the customers of SC to pay for the project.
He wont let the AG investigate because they( the good ole white boy republican club) will lose to much money.
"He wont let the AG investigate because they( the good ole white boy republican club) will lose to much money. "
That's a really, uh, interesting (read: "paranoid") conspiracy theory you're trying to sell there. The AG is elected independently, and is the only Democratic official elected on a statewide vote. It's really a stretch (read: lunacy) to think your 'good ole white boy Republican club' has any control over him.
The base load act that ensures MPC customers will pay an extra $1 Bil in cost overruns by paying back bonds to finance them ($1 Bil in addition to the $2.88 Bil cap) was rammed through the Legislature by voice votes by Phillip Gunn and Tate Reeves. Gunn and Reeves are tied to Kemper up to their necks. Feel also went along. They all did as they were told by Haley. Don't let them ever forget it.
The only way to stop those checks now being paid by ratepayers now is if the MPSC does the right thing and finds MPC's business decisions were imprudent in pushing the building of the lignite portion of the plant. Only the MPSC can save ratepayers now. But they must be willing to let MPC go into Chapter 11 and let SOuthern Company take the hit (MPC is their smallest unit; they can afford it) instead of ratepayers paying for Southen's and MPC's unjustifiable science experiment. I pray the MPSC has the stones necessary to do the necessary. It will not be pleasant but is the only way out for ratepayers.
Sarbanes Oxley are two words that should be keeping MPC and SO execs up at night. Inaccuracies in their SEC reports could make their worst nightmares come true. Clang clang!
Brett Wingo should probably pass up any invitations he might receive to ride on a SO Co. plane.
TO THE IDIOT AT 10:43
You say - "The base load act ........ was rammed through the Legislature by voice votes by Phillip Gunn and Tate Reeves" and go on to smear Gunn and Reeves as being tied to the utility.
The baseload act was passed in 2008. Billy McCoy was Speaker of the House at the time, and Gunn was sitting in the minority at the back of the chamber. Phil Bryant was the Lt Gov, and Tate Reeves was across the street in the Woolfolk Building in the office of the State Treasurer.
I don't know which of these two individuals would have had the hardest time 'ramming through on a voice vote" any bill at that time, but probably Reeves since he wasn't even IN the chamber.
Next time you think about putting your fingers on a keyboard - don't. You can't make much of an argument when you're not even close to the facts.
Sarbanes-Oxley is a federal law regarding publicly held/traded corporations. A federal law doesn't have company planes. Hello.
They were there when the SPE bond provision of the act was passed
Too many crooked politicians and rich people involved in this swindle. Nothing will be done. Exactly the opposite will happen. The people will pay for all of the mistakes, over runs, and bribes involved.
The people will accept it because some of the crooked politicians are a member of their favorite chosen party. The crooked rich people will do as they always do, get away with it.
Look, there goes a squirrel.
Like I said....its complicated and not many people know anything other than its a bad idea and its expensive.
9:26 - Gunn "was there" but he was only one of 122 members. He was not Speaker ramming through a voice vote.
And Reeves was not in the legislature as Lt. Gov. He not only did not 'ram through' a voice vote, he wasn't in the building, much less the chamber.
Get real. You can lie about folks you don't like while sitting outside your trailer, but you can't just make up s**t and expect everybody to believe it when you put it out where others with some sense can point out your stupidness.
Lord Snow was bond counsel on the $1b issue...they win regardless- as they will on Costco!
To stone thrower at 7:55-The bond issue was passed in 2013. http://blog.gulflive.com/mississippi-press-news/2013/02/gov_phil_bryant_signs_bills_ra.html
The 1 Bil bond SPE bill was in 2013 session so yes that part of the act was slammed through by Gunn and Tate. One ember it well.
".....while sitting outside your trailer."
Classic!
The PSC Commissioner from the south part of the state voted for all this. He then resigned and Feel found him a $100,000 plus job at the Planning and Development District in South Mississippi. He was handsomely rewarded for his votes. Those organizations work a lot with counties and cities on complex matters. The ex Commissioner had no experience in this and only had a HS education. Go figure.
Feel does not appoint the heads of the PDDs. They are selected by the board of the PDDs - local officials from the counties.
I never cease to be amazed by a couple of folks who spend their time here speculating about Feel's power to control everything, all the while talking about his incompetence in even running his office. If he can't manage the Governor's office, how the hell do you think he controls all the local board of supervisors, local governments, and now the PDDs?
'Bout time.
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