op buys into Southern Co Kemper IGCC plant
The electric association, known as SME, will purchase a 17.5 percent interest in the canada goose factory sale 582 megawatt integrated uk canada goose outlet gasification combined cycle (IGCC) power plant for about $450 million, said SME spokesman Kurt canada goose clearance Brautigam.Brautigam said solid majority of the SME board voted to invest in Mississippi Power Co Kemper County cheap canada goose uk IGCC project.need new canada goose coats generating capacity to meet the growing power demand our our member distribution cooperatives and their consumers, and this is an excellent fit for our system, said Jim Compton, SME general manager, in a release.Compton cited the combination of a Canada Goose online low cost fuel source, support from the Department of Energy, close proximity and the cutting edge environmental technology as important considerations for the board.The two power companies must complete canada goose black friday sale an ownership and operating agreement over the next year. welcome the opportunity Canada Goose Outlet to further our partnership, said Mississippi Power president Anthony Topazi.A bigger challenge for cheap Canada Goose outlet SME may be to secure financing and approval from the Rural Utilities Service, a federal agency that serves as a primary lender to cooperatives.Due to environmental group opposition to all coal plants, canada goose uk shop the agency has mostly stopped lending on coal projects.Brautigam said SME hopes that a $270 million grant from the DOE Clean Coal Power Initiative will convince RUS to support the Kemper project.will cagooseclearance take some change canadian goose jacket in their current position, Brautigam said.Late last month, Mississippi Power, Southern smallest utility, said canada goose clearance sale it will build the Kemper plant Canada Goose Coats On Sale after state regulators loosened restrictions that the utility earlier said would kill the canada goose store project.The purchase will give the co op 103 Canada Goose Online MW of Kemper output, serving to lower the impact of Kemper cost on the existing SME contract with buy canada goose jacket cheap Mississippi Power. The facility is expected to begin operation in 2014.The Sierra Club has appealed the canada goose coats on sale Mississippi Public uk canada goose Service Commission most recent Kemper buy canada goose jacket ruling, saying the commission arbitrarily reversed its earlier action by raising the project price cap and Canada Goose Jackets agreeing to let Mississippi Power charge customers for some Kemper costs during construction.The Kemper project has wide canada goose uk outlet support in Mississippi for the jobs it will create, but the Sierra Club is worried about the rate impact for the utility customer base of fewer than 200,000.SME owns 1,200 MW of generation and purchases wholesale electricity from Mississippi Power to supply its 11 member coops which together have more than 406,000 customers.Mississippi Power has said it Canada Goose Parka expects customer rates to increase by one third over the next decade with or without Kemper as it meets future power needs and complies with environmental regulation.Although several IGCC projects have been canceled due to high cost and regulatory uncertainty, projects are moving forward in Indiana and Illinois.IGCC Canada Goose sale technology heats coal to convert it into a synthesis gas that is processed to remove sulfur, mercury, and other pollutants before being sent to a traditional combined cycle power plant to cheap Canada Goose produce electricity.The Kemper facility will capture 65 percent of canada goose uk black friday the plant carbon dioxide emissions which Mississippi Power hopes to sell for use canada goose in enhanced oil recovery operations. Department of Energy and others. (Editing by Marguerita Choy).