Rising Above the Surge

See Ex-Com member Louis Skrmetta and Foundation advisor David Perkes in the MPB documentary: http://video.mpbonline.org/video/2365549233/

RATING ACTION: MOODY'S DOWNGRADES MISSISSIPPI POWER TO Baa2, NEGATIVE

Global Credit Research - 14 Aug 2015
Approximately $2.2 billion of debt securities downgraded
New York, August 14, 2015 --

Moody's Investors Service, ("Moody's") downgraded Mississippi Power Company's senior unsecured rating to Baa2 from Baa1 and its preferred stock rating to Ba1 from Baa3. The rating outlook is negative. This rating action concludes the review of Mississippi Power's rating initiated on 27 May 2015. Moody's affirmed the ratings of The Southern Company (Southern, Baa1 senior unsecured) with a stable outlook.
Ratings Rationale
"The downgrade of Mississippi Power's ratings reflects the lack of permanent cost recovery provisions in place for the Kemper IGCC plant since the Mississippi Supreme Court invalidated the utility's 2013 rate plan earlier this year," said Michael G. Haggarty, Associate Managing Director. "The downgrade also considers the increased concentration risk, financial exposure and liquidity pressure on the utility following the exit of its electric cooperative utility partner from a planned 15% ownership in the Kemper plant," added Haggarty.

POINT-COUNTERPOINT: EPA POLICY'S IMPACT

FROM THE CLARION LEDGER
AUGUST 15, 2015
The Clarion-Ledger invited Ron Aldridge, Mississippi state director of the National Federation of Independent Business, and Louie Miller, state director of the Mississippi chapter of the Sierra Club, to provide their thoughts on this week’s Point/Counterpoint question.

Sierra Club statement on Clean Power Plan

LETTER TO THE SUN HERALD: RENEWABLE ENERGY IS THE KEY TO OUR FUTURE

FROM THE SUN HERALD LETTERS TO THE EDITOR PAGE
BY LOUIE MILLER,
STATE DIRECTOR, MISSISSIPPI SIERRA CLUB
Right now, our Public Service Commission is deciding on Mississippi's energy future. If the commission moves forward with its proposed rooftop solar or "net-metering" program, our neighborhoods could power our homes, boost our economy and provide us with energy independence. READ MORE

STATE DIRECTOR LOUIE MILLER: OUR BEST CHANCE TO BRING SOLAR TO MISSISSIPPI

Mississippi is one of only six states with no net metering policy! Tell the PSC to adopt strong pro-solar policies like net metering. We need to add your voice to the list of public supporters of this crucial step toward a clean energy future for our state. Send in your comment now!

SOUTH MS ELECTRIC BACKS OUT OF KEMPER PARTNERSHIP

SOUTH MISSISSIPPI (WLOX) - A decision by South Mississippi Electric adds even more financial instability to the cloud hanging over Mississippi Power's Kemper County lignite plant. Board members with South Mississippi Electric's 11 cooperatives no longer have an interest in purchasing a 15 percent stake in the Kemper County facility. Their reason for breaking off those talks had everything to do with money.
“It would have led to higher rates for us,” South Mississippi Electric CEO Jim Compton told WLOX News, noting the deal would have cost the 11 cooperatives $620 million. “We determined it wasn't something we could afford in rates.”READ MORE

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TESLA SAYS DEMAND FOR POWERWALL BATTERY STORAGE WILL OUTSTRIP ELECTRIC CARS

FROM FORBES--BY JOANN MULLER
Just one week after Tesla Motors TSLA +1.2% announced a new line of zero-carbon batteries for homes, businesses and utilities, Chief Executive Elon Musk says the company is already overrun with orders

WE HAD A VERY GLASSY EARTH DAY IN JACKSON

Shown in photo: Central Group board members Catherine Lee and Linden Potts of the Mississippi Sierra Club.
The total is in, and we collected 2,713 lbs of glass from City of Jackson residents at Sal and Mookies last week on Earth Day. Thanks to all of those who stopped by for recycling their glass and Door to Door Recycling for the truck to put it in. And congratulations, Jackson, think we had a very successful Earth Day.Let's do it again sometime soon.

EARTH DAY IN JACKSON: CENTRAL GROUP SPONSORS A "STAY GLASSY, JACKSON" RECYCLING EVENT

Got good coverage from WAPT at the end of our glass recycling event at Sal and Mookies on Earth Day. We'll have to get better about making sure reporter gets correct info from us, Linden's credit was incorrect. Happy that Door to Door Recycling got to tell their story. Linden has a bright future as the Central Group's media person
SEE WAPT NEWS STORY

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