Mississippi Power announces additional $9M Kemper overrun
JACKSON, Miss. (AP) – Mississippi Power Co. says it will spend another $9 million on its overrun-plagued Kemper County power plant, pushing its total cost toward $6.8 billion.
The unit of Atlanta-based Southern Co. will absorb the cost, part of $2.5 billion it’s absorbing. Southern Co. will write off $38 million before taxes from its quarterly earnings, which will be announced Wednesday.
Mississippi Power says it still plans to complete the plant before Sept. 30, but is running tests and could announce further delays in August. The company said July 15 that it had successfully produced synthetic gas from lignite coal.
The plant and associated coal mine were originally supposed to cost $2.9 billion at most, and earliest estimates were lower. Customers could be asked to pay as much as $4.2 billion.
