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

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...

A Traders Guide to Analysis and Research

An e-book dedicated to helping you improve your analysis by looking at RBOB futures performance. ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs