Jackson Jambalaya

More windmills

"Incentive package" = corporate welfare.

Brown outs...I know you can say brown outs.

5:32
This isn’t some green energy bs

A few billion solar panels should provide sufficient power.

Well Played Amazon!
Money for nothing and the chick are free!

PAYING A BIG PRICE FOR DATA CENTER JOBS
Forbes conducted interviews and reviewed documents and news reports to obtain complete tax break, employment and project information for 15 projects launched since 2015 that were anonymous at the time they received tax incentives. The combined $10 billion in value of the projects, which created approximately 837 permanent jobs, was offset by at least $811 million in tax abatements, penciling out to almost $1 million for every permanent job created.

We just got sold out again. Thanks, Tater.

https://www.forbes.com/sites/davidjeans/2021/08/19/data-in-the-dark-how-big-tech-secretly-secured-800-million-in-tax-breaks-for-data-centers/?sh=60d066b26b43

Tate just had to get him his own mega beef plant or KIOR....

Folks like 8:03PM seem to be confused about what a tax abatement is. If government decides to not tax something - something that wouldn't be there at all without the tax abatement - there is no conceivable "loss" there. Foregoing taxes can't be a loss to government, so its at worse a net zero if all taxes are forgiven.

In this case all the construction costs and taxes on those wages and the wages of permanent employees, plus the non-abated taxes, and the secondary effects of buying houses, spending money, etc. by employees make this look like a very good thing for the state and the area.

This is the RINO equivalent to Obama's "shovel ready jobs."

Amazon was running out of suckers so they came here.

Is the nuclear plant in Port Gibson still having issues?

The Port Gibson Nuclear Plant was built FIFTY years ago this year.

Conveniently there is a solar farm being built close by.

Every time a wind blows in central Mississippi we have an electrical outage. How does that play into effect with a number of data storage centers that require vast amounts of power? The Chinese bitcoin servers that were built are using a great deal of our much needed electricity. One is on Highway 61 South near the Vicksburg Municipal Airport hidden behind a derelict building out of plain sight and the other is in plain sight in Meridian sitting next to the substation on I-20 as you travel East. Another question is how will Entergy keep and maintain the power needed for these Data Centers? They have already had issues with storms by not removing vegetation near the transmission lines.

The future is investing in Chinese language schools.

Talking about power, no one is mentioning all the dead pine trees from the drought and beetles that are fixing to start falling all across above ground power lines. The next 24 months are fixing to be pretty interesting.

@10:14
Every time the wind blows…
You wonder why the world works!

Facts are that Entergy is required to incorporate this all into their planning for both future generation, transmission, and distribution. They evaluate everything with respect to grid stability and reliability during all conditions. This is dictated by national norms (NERC Reliability Standards), adherence to which adresses all of your concerns.

The funny exception to this is Texas’ ERCOT which is not commited to the same reliability standards (NERC) as the rest of the USA (hence massive grid failures three times in 20 years for the exact same cause). ERCOT has done better by improving winterization reuirements across its supplier resources since their last failure.

This is not a Mississippi problem.

Plus: The newest web servers use solid state drives that use less than one tenth that of disc drives resulting in a much smaller electrical demand.

@3:45 It is not really the disk drives and data storage that is a worry. It is the cooling that sucks up the most power. The cooling for such a data center will be a HUGE demand. Yes solid state is used for many things such as the main boot drives of the servers but the main amount of drives used for data storage are not solid state drives. By far the most used drives in a data center are still standard HDDs when it comes to standard storage options used for cloud storage and archival data.

@3:35, I’m 10:14. Don’t insult my knowledge or common sense approach. I made a valid statement and 12:15 made a more valid comment. We may have some of the infrastructure in place but the maintenance is not being performed as needed. Although, I have noticed many new Entergy Subcontractors have relocated to the area recently so that being said, let’s see how Entergy plans on addressing this issue. Here is something that needs to be addressed also. The Legislature should pass a law very soon to address the issue of any and all vegetation that’s within close proximity of power lines.
All trees should be cut within the fall radius of any power lines and the state should give authority to any Utility company by eminent domain (I know that will piss many of you off) to remove trees for the benefit and safety of all. I notice as I drive the stupidity of how people will plop a sapling down under a power line and then dare anyone to touch it knowing they are actually creating problems for other people near them in the community when their trees they plant under the power line grows to maturity and is the cause of a power outage.

"Folks like 8:03PM seem to be confused about what a tax abatement is. If government decides to not tax something - something that wouldn't be there at all without the tax abatement - there is no conceivable "loss" there. Foregoing taxes can't be a loss to government, so its at worse a net zero if all taxes are forgiven."

If a taxing entity foregoes future taxes on a parcel of land developed for a new, higher tax rate status usage, it does lose something if the land previously produced tax revenue, even for at a lesser rate (which is likely in most cases). For example, if a timber tract taxed as ag is developed into a data center that without abatement would have been assessed at a higher tax rate, and therefore a larger tax revenue stream, the tax formerly paid on it is now lost and the abatement prevents some future revenue. That said, if the numbers make sense, tax abatement can be a win for everyone, including the average citizens of the tax district affected, because to continue to cite the above-quoted comment:

"In this case all the construction costs and taxes on those wages and the wages of permanent employees, plus the non-abated taxes, and the secondary effects of buying houses, spending money, etc. by employees make this look like a very good thing for the state and the area."

This is broadly accurate and doesn't even cover all the other monetary benefits that something like this can inure to the tax district. It does make the assumption that the foregone tax revenue will be less than the increases it engenders, which isn't an unreasonable presumption (it may not turn out to be accurate but it isn't unreasonable). One reason it can work for all is that while AMZN avoids the taxation, its presence creates an "atmosphere" in which increased taxable events (property status conversion, sales tax, income tax, etc.) occur and accrue, the reasonably presumed result is a net overall tax revenue increase. It would be up to the "locals" - the county officials and those who vote for them - whether to increase spending or "spread the wealth" by, for example, reducing the tax burden on residential property. If they choose to increase spending, that isn't on AMZN. Whatever state income tax AMZN will pay, or the taxes on direct or indirect wages paid, is up to the legislature. The only interest AMZN would have in the income tax on wages issue would be if it were so high that it made attracting workers from lesser-taxing states difficult.

Will the increased economic activity be as great as implied/hyped (but not _promised_)? Probably not. Will there be an increase in regional economic activity and therefore an increase in taxable events, and a likely increase in property tax revenue from other property development/use conversion? Yes. In simpler terms, will this thing by itself and as it has been outlined bring $10 billion in actual "outside/new" money to the area or even the entire state in the next couple of years? Probably not. Will it increase the amount of real money coming into the area by a noticeable amount? Yes.

It is a reasonable projection that a net-positive economic effect will occur when this individual project is considered as a catalyst factor in overall development in the area. A couple of data centers from AWS for which it has the necessary funds readily at-hand looks a hell of a lot more promising than a giant "travelball" complex from folks who need something close to 100% layered/structured financing in a tough RE finance market to even break ground, plus it wholly relies on an accurate forecast as to the continuing desire and ability of its intended audience. The data centers would also reasonably be projected to be a more-stable long-term operation and presence than a consortium venture to build batteries for electric semis.

I know that Entergy can't keep my one house in Hinds County continuously lit up for any length of time, including nice sunny wind-free days. It's so bad I spent 5 figures on a generator.

And, being powered by solar energy and batteries. So much for the MEI pearl clutching about the evils of renewable energy. Total hogwash from the dying fossil energy greed barons.

https://www.msn.com/en-us/money/markets/new-report-leads-to-closure-of-massive-coal-power-plant-no-reason-why-the-taxpayer-should-be-on-the-hook/ar-BB1hknW0?ocid=msedgntp&pc=DCTS&cvid=161f00f6056c4fafa16d862a8fcdd2a1&ei=129