Report warns against further Kemper power plant subsidies

kemper IGCC coal gasification elp

JACKSON, Miss. (AP) — A new report warns Congress against tax changes that could subsidize Mississippi Power Co.'s Kemper County power plant by an additional $700 million to $4.5 billion.

The report, released Tuesday by environmental group Friends of the Earth and anti-subsidy group Taxpayers for Common Sense, says members of Congress could try to enact changes before year's end as part of a larger tax bill.

Mississippi Power isn't immediately responding to a request for comment.

The $7 billion plant has already received $400 million in federal aid. However, Atlanta-based parent Southern Co. repaid $400 million tax credits after the plant missed startup deadlines.

Provisions under discussion are meant to encourage plants, like Kemper, that burn coal and capture carbon dioxide. Opponents say Kemper's huge cost proves such projects are flawed.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs