Exhibit 99.01
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Mississippi Power | Table of Contents | MPSC Docket No. 2009-UA-0014 |
Kemper County IGCC Project | | Monthly Status Report Through April 2013 |
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| Project Costs and Summary | 1 |
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| Key Contracts Over $10M | 2 |
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| Project Updates | 3 |
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| Safety | | |
| Schedule | | |
| Permits and Approvals | | |
| Mississippi Economic Impact | 4 |
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| Liberty Mine Summary | 7 |
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Mississippi Power | Project Costs and Summary | MPSC Docket No. 2009-UA-0014 |
Kemper County IGCC Project | Total Project | Monthly Status Report Through April 2013 |
Table 1: Capped Plant Costs (in millions of dollars)
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Cost Category | Current View | Variance from Previous Month | Actuals through April 2013 | Confirmed Cost % |
Land | $32.0 | $0.0 | $31.4 | 98 | % |
EPC | 3,214.1 | 0.1 | 2,443.6 | 78 | % |
Transmission | 91.4 | -0.0 | 85.2 | 93 | % |
Fuel Facilities | 130.0 | -0.0 | 83.6 | 70 | % |
Pre Commercial Operations | 115.9 | 0.4 | 33.1 | 31 | % |
Project Development | 55.9 | -0.0 | 55.1 | 94 | % |
Start Up Fuel / Energy | 10.2 | 0.0 | 0.0 | |
DOE CCPI2 Funding | -250.3 | 0.0 | -245.3 | |
Ad Valorem | 13.5 | 0.0 | 6.5 | 48 | % |
Contingency | 62.0 | -0.5 | 0.0 |
Total Plant | 3,474.7 | -0.0 | 2,493.0 | |
Deduction for Cap Exceptions (BC/FM/CIL) | -54.7 | 0.0 | 0.0 |
Total Plant Subject to Cost Cap (1) | $3,420.0 | $0.0 | $2,493.0 | 77 | % |
(1) Management is currently reviewing additional cost pressures associated with inventory necessary to mitigate startup risk, startup energy costs, and other startup activities, as well as productivity. This review is expected to be completed in July 2013 and any related changes to specific cost categories would be reflected in the Monthly Status Report Through June 2013. On a preliminary basis, such cost pressures are currently estimated at a minimum of $34 million but may increase following completion of the review.
Table 2: Exemptions and Exceptions (in millions of dollars)
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Cost Category | Current View | Variance from Previous Month | Actuals through April 2013 |
Mine (details on p.7) | $244.6 | $0.0 | $196.1 |
CO2 Pipeline | 132.0 |
| -0.0 | 84.7 |
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Regulatory and Other Asset Accounts | 66.3 |
| 0.2 | 41.8 |
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Project AFUDC - Non Mine | 323.5 |
| 0.0 | 168.2 |
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Process Development Allowance | 46.5 |
| 0.0 | 4.3 |
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Beneficial Capital | 47.6 |
| 0.0 | — |
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Force Majeure | 2.7 |
| 0.0 | — |
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Change in Law | 4.5 |
| 0.0 | — |
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Total Exemptions and Exceptions | $867.7 | $0.2 | $495.1 |
Table 3: Total Project Costs (in millions of dollars)
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Cost Category | Current View |
Total Plant Subject to Cost Cap
Total Exemptions and Exceptions | $3,420.0
867.7 |
Total Project Cost(2) | $4,287.7 |
(2) This amount has not been reduced for the Company's $540 million estimated loss on the plant costs in excess of the cost cap.
Major Items and Milestones Achieved
•The purchase of 2,968 acres for the plant site has been completed.
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• | Earthwork has been completed at the water reservoir and lignite delivery facility areas. Concrete work is 97% complete. Underground piping is 98% complete. |
Electrical duct bank installation 99% complete. Structural steel erection is 88% complete.
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• | Construction is complete on the three 115kV line rebuild projects, and the East, West, and East - Vimville 230kV lines are complete and energized. |
Construction is complete on seven substations, the mine service line, and the Sweatt-Sykes fiber line.
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• | The treated effluent pipeline installation is 100% complete. The natural gas pipeline is 100% complete and natural gas was introduced in the pipeline on 03/12/13. The CO2 pipeline system installation is 99% complete; work continues at the mainline valves and meter stations. |
•Steam turbine lube oil flushing started in February 2013 and was completed in March 2013.
•Long term contracts have been signed for the sale of CO2, sulfuric acid and ammonia.
•Subject to Commission approval and the completion of several milestones, SMEPA will have a 15% ownership interest in the Project.
Mississippi Economic Impact
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• | Mississippi workforce contributed 1,914 construction jobs in April for the Project. A total of 435 Mississippi companies have provided construction, equipment, material or professional services for the Project. |
Overall Project Status
•Project is on schedule. 77% of the Plant costs have been confirmed.
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Mississippi Power | Key Contracts over $10M | MPSC Docket No. 2009-UA-0014 |
Kemper County IGCC Project |
| Monthly Status Report Through April 2013 |
Table 4: Key Contracts over $10M
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Mississippi Power | Project Updates | MPSC Docket No. 2009-UA-0014 |
Kemper County IGCC Project |
| Monthly Status Report Through April 2013 |
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Mississippi Power | Total Project | MPSC Docket No. 2009-UA-0014 |
Kemper County IGCC Project | Mississippi Economic Impact | Monthly Status Report Through April 2013 |
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Mississippi Power | Total Project | MPSC Docket No. 2009-UA-0014 |
Kemper County IGCC Project | Mississippi Economic Impact | Monthly Status Report Through April 2013 |
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Mississippi Power | Total Project | MPSC Docket No. 2009-UA-0014 |
Kemper County IGCC Project | Mississippi Economic Impact | Monthly Status Report Through April 2013 |
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Mississippi Power | Liberty Mine Summary | MPSC Docket No. 2009-UA-0014 |
Kemper County IGCC Project | | Monthly Status Report Through April 2013 |
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