Once touted as a model for the future of coal, the state Public Service Commission forced the unit of Atlanta-based Southern Co. quit construction in 2017, with shareholders absorbing about $6 billion in losses.
The move means residential customers could soon pay about $2 less per month than they’re currently paying for the part of the power plant burning natural gas.
One prominent opponent, Hattiesburg oilman Thomas Blanton, still opposes the deal. But most other Kemper foes have signed on.
In a hearing last month, Mississippi Power executives said that because of tax cuts, revenue required from ratepayers would fall a little more.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info