Alarming News: Mississippi Power Co’s Coal Plant (prt 2)
August 1, 2011 Leave a comment
A Kemper County land owner has reported that the CO2 capturing coal plant being built is acquiring more land through leases. They are telling the land owners that they need the additional land because they will add another turbine.
The plant is already expanding before it has even been built. The high-voltage wires are running due North and due East into Alabama but as of today no power lines are running South or West into Mississippi. Let us be clear, the people of Mississippi are the ones responsible for paying for this plant. Never before has an electrical plant been built out of the pockets of rate payers. Usually investors, banks, and industry are responsible for the risks involved in building unproven technology.
Unfortunately, Obama, Steven Chu, Haley Barbour, Van Jones, the Mississippi Senate, Leonard Bentz, and Lynn Posey felt there was nothing ethically wrong with bankrupting Mississippians. Yes, those are strong words but just imagine the cost of living increase that will occur across the board as Mississippi becomes the state with the most expensive electricity. The Obama administration plans to bankrupt every coal plant that is built through ever-growing, ever-changing, increasing government regulations. That’s very well-documented even with video.
We want ratepayers to understand this; the Public Service Commission determines what percentage of profit (10%) the electric companies can make. This straight percentage is from their operating expenses. As the operating expenses of Mississippi Power skyrocket so will their profits. Perhaps this is why they feel so confident that they can lease additional land for another turbine before one is even built. Meanwhile other carbon dioxide capturing coal plants around America are changing directions or expressing deep regret for entering into the CO2 capturing-global warming scheme. One plant is $900 million over budget and is warning others.