Government proposes first carbon limits on power plants

I wonder if Southern Company was the company singing the praises of the new EPA regulations.  Southern Company through Mississippi Power’s new demonstration lignite coal plant in Kemper County, Mississippi will be voluntarily participating in the proposed EPA CO2 regulations and plays an pro-active roll in helping the EPA gain the numbers needed to implement the new regulations.

 

By Timothy Gardner

WASHINGTON | Tue Mar 27, 2012 4:19pm EDT

(Reuters) – The Obama administration proposed on Tuesday the first rules to cut carbon dioxide emissions from new U.S. power plants, a move hotly contested by Republicans and industry in an election year.

The Environmental Protection Agency’s proposal would effectively stop the building of most new coal-fired plants in an industry that is moving rapidly to more natural gas. But the rules will not regulate existing power plants, the source of one third of U.S. emissions, and will not apply to any plants that start construction over the next 12 months.

The watering down of the proposal led some ardent environmentalists to criticize its loopholes, but a power company that has taken steps to cut emissions praised the rules.

While the proposal does not dictate which fuels a plant can burn, it requires any new coal plants to use costly technology to capture and store the emissions underground. Any new coal-fired plants would have to halve carbon dioxide emissions to match those of gas plants.

“We’re putting in place a standard that relies on the use of clean, American made technology to tackle a challenge that we can’t leave to our kids and grandkids,” EPA Administrator Lisa Jackson told reporters in a teleconference.

Jackson could not say whether the standards, which will go through a public comment period, would be finalized before the November 6 election. If they are not, they could be more easily overturned if Obama lost.

Republicans say a slew of EPA clean air measures will drive up power costs but have had little success in trying to stop them in Congress. Industries have turned to the courts to slow down the EPA’s program.

Some Democrats from energy-intensive states also complained. “The overreaching that EPA continues to do is going to create a tremendous burden and hardship on the families and people of America,” said Senator Joe Manchin, a Democrat from West Virginia.

REGULATORY CERTAINTY

The EPA’s overall clean-air efforts have divided the power industry between companies that have moved toward cleaner energy, such as Exelon and NextEra, and those that generate most of their power from coal, such as Southern Co and American Electric Power.

Ralph Izzo, the chairman and CEO of PSEG, a utility that has invested in cleaner burning energy, said the rules provide a logical framework to confront the emissions. The rules provide the industry with “much needed regulatory certainty,” that is needed to help guide future multi-billion dollar investments in the U.S. power grid, he added.

Under the new standards, coal plants could add equipment to capture and bury underground for permanent storage their carbon emissions. The rules give utilities time to get those systems running, by requiring they average the emissions cuts over 30 years. Still, the coal-burning industry says that carbon capture and storage, known as CCS, is not yet commercially available.

Jackson said the EPA believes the technology will be ready soon. “Every model that we’ve seen shows that technology as it develops will become commercially available certainly within the next 10 years”.

The National Mining Association said the rules can only hurt industry. “This proposal is the latest convoy in EPA’s regulatory train wreck that is rolling across America, crushing jobs and arresting our economic recovery at every stop

The portion of U.S. electricity fired by coal has slipped from about 50 percent to 45 percent in the last few years as hydraulic fracturing, or fracking, and other drilling techniques have allowed access to vast new U.S. natural gas supplies.

NO PLAN FOR EXISTING PLANTS

The EPA is the main tool President Barack Obama has left to reduce greenhouse gas emissions which he pledged at an international climate meeting to cut by about 17 percent by 2020 from 2005 levels.

But the agency’s moves are also met by challenges by industry in the courts and have been under withering criticism from Republicans, who have made environmental regulations a big campaign theme ahead of the November 6 elections.

Environmentalists are part of Obama’s base and the administration has tried to walk a tightrope with its “all of the above” energy strategy that includes tougher energy regulations and support for renewable energy, while also supporting drilling for oil and gas.

Greens who were stung by Obama’s decision last September to delay a major smog rule, mostly cheered the EPA on Tuesday.

“The bottom line for our country is that cleaner power will cut harmful carbon dioxide pollution, protect our children and help secure a safe prosperous future,” said Vickie Patton, the general counsel for the Environmental Defense Fund.

But others bemoaned a concession to industry that left existing plants without limits. The EPA’s Jackson said the agency has no current plans to issue rules on those plants, which backers of climate action say are essential to tackle climate change.

Obama “should stand by EPA Administrator Jackson and her team as they push corporate polluters to reduce the CO2 spewing from smokestacks today,” said Kyle Ash of Greenpeace.

An industry analyst said the proposal gives power companies a break as the rules would not regulate the existing plants subject to other EPA rules on mercury and other emissions. “We think this is very reassuring news to an industry on the cusp of investing billions to meet,” those other limits, said Christine Tezak, an energy policy analyst at R.W. Baird & Co.

“Moving forward, it will be important for EPA to address carbon emissions for existing power plants as well,” said Kevin Kennedy, the U.S. climate director at the research group World Resources Institute. “Existing plants represent a significant opportunity to improve efficiency and reduce U.S. greenhouse gas emissions.”

 

Original post Here

Mississippi Kemper coal Power PSCs Failed to Satisfy State Law Now Will Face More Exposure

The Mississippi Supreme Court reversed a lower court’s ruling that approved construction of Southern Co’s USD 2.8 billion coal gasification project in Kemper County, Mississippi.

In a 9-0 voter, the state supreme court said the Mississippi Public Service Commission’s May 2010 approval of the project failed to satisfy state law and sent the case back to the PSC.

Source – Reuters

(www.steelguru.com)

Mississippi Power & Southern Company’s FRAUD on Local Radio

I bet this topic will NOT be brought up in Mississippi Supreme court since the Sierra Club is a Non-Government Agency for the United Nations.   My understanding is the Sierra Club is a tool used to put laws into place by bringing litigation to UN connected programs and then settling or causing  decisions to be placed into law moving the Agenda of the UN forward.  We will see.  If they really cared they would demand to have the CO2 controversy proven in court to settle the science.

From Youtube

Mississippi Power‘s CO2 Capturing Lignite Coal Plant in Kemper County is based on FRAUDULENT SCIENCE. My favorite Gulf Coast Morning Radio Show host Kipp Greggory, interviewed former NASA scientist and White House Adviser, John L Casey, Author of COLD SUN. This is a portion of the exchange.
The Space and Science Research Corporation, (SSRC) is an independent scientific research organization in Orlando, Florida, USA. It has become the leading research organization in the United States on the subject of the science and planning for the next climate change to a long lasting cold era especially with regard to alerting the government, the media, and the people of the need to prepare for this new climate era.

Its staff of Supporting Researchers includes some of the world’s best in the fields of solar physics and geology including earthquake science and volcanism.

The SSRC and its President, Mr. John L. Casey, have an established record of accuracy in climate change predictions using the Relational Cycle Theory or RC Theory of climate change, a theory based on solar cycles as the main drivers behind the Earth’s variations in climate.
The Mission of the SSRC Is: To provide an independent un-biased resource for the government, media, corporations, and the people on important areas of scientific research and engineering, especially the science behind the next climate change and measures that can be taken to prepare for it.

Supreme court will hear Kemper Coal Plant arguments Mississippi Power & Southern Company

Supreme court will hear Kemper Coal Plant arguments

by MBJ Staff  (Mississippi Business Journal)

Published: November 4,2011

The Mississippi Supreme Court will hear arguments from the Sierra Club challenging the state Public Service Commission’s approval of the project in Kemper County by Mississippi Power Co. Mississippi Power has started construction of the $2.4 billion coal plant.

Oral arguments are scheduled for Dec. 14.

The suit was filed and heard in Harrison County Chancery Court. Judge Jim Persons ruled in favor of the Commission and Gulfport-based Mississippi Power in February.

Mississippi Power began building the Kemper plant after the Commission passed a second conditional approval of the facility with 2-1 vote in May 2010.

The Commission’s first conditional approval was passed in April of 2010 and capped the project at $2.4 billion, among other restrictions. The second order, passed approximately one month later, limits the plant’s cost overruns to $2.88 billion and also allows the utility to charge customers for financing costs before the plant becomes operational.

The Sierra Club believes the Commissions’ second conditional approval of the plant is arbitrary and  unsupported by evidence presented in extensive hearings regarding the project.

The suit says that the Commissioners “did not explain how their finding that a $2.88 billion cost was acceptable could be squared with their previous finding that there is no evidence to support a cost of over $2.4 billion.”

State Sierra Club director Louie Miller said the club has taken on the unexpected role of consumer advocate in addition to environmental advocate in this case.

Included in the suit is an effort to make customer rate impacts from the plant available to the public.

Mississippi Power sells $300 million in 2 parts

New Issue-Mississippi Power sells $300 mln in 2 parts

REUTERS — 10/11/11
Mississippi Power Co , a unit
of Southern Company (Symbol : SO) on Tuesday sold $300 million of
senior unsecured notes in two parts, said IFR, a Thomson
Reuters service.
     Barclays Capital, Deutsche Bank, and Mitsubishi were the
joint bookrunning managers of the five-year issue. Barclays
Capital, Deutsche Bank, and Scotia Capital were the joint
bookrunners of the 30-year tranche.
BORROWER: MISSISSIPPI POWER CO
TRANCHE 1
AMT $150 MLN      COUPON 2.35 PCT     MATURITY 10/15/2016
TYPE SR NTS       ISS PRICE 99.832    FIRST PAY 4/15/2012
MOODY'S A2        YIELD 2.386 PCT     SETTLEMENT 10/19/2011
S&P SINGLE-A      SPREAD 125 BPS      PAY FREQ SEMI-ANNUAL
FITCH A-PLUS      MORE THAN TREAS     MAKE-WHOLE CALL 20 BPS
TRANCHE 2
AMT $150 MLN      COUPON 4.75 PCT     MATURITY 10/15/2041
TYPE SR NTS       ISS PRICE 99.921    FIRST PAY 4/15/2012
MOODY'S A2        YIELD 4.755 PCT     SETTLEMENT 10/19/2011
S&P SINGLE-A      SPREAD 165 BPS      PAY FREQ SEMI-ANNUAL
FITCH A-PLUS       MORE THAN TREAS    MAKE-WHOLE CALL 25 BPS
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