Mississippi Power says Kemper plant on track to open in 2014
Published: August 20,2012
KEMPER COUNTY — Mississippi Power says its $2.8 billion lignite power plant is on track to open in May 2014.
President and CEO Ed Day tells The Clarion-Ledger construction is about 40 percent complete on the plant north of Meridian in Kemper County.
It’s been a rough year for the project.
Cost overruns increased the price from $2.4 billion and reduced Mississippi Power’s credit rating. The Mississippi Public Service Commission denied a $55 million rate hike to recoup some of the construction costs during construction.
The PSC has set a $2.88 billion cost cap — considered a rare step for utility regulators.
PSC member Brandon Presley, who has consistently voted against the plant, says he is skeptical of whether the utility can keep costs beneath the cap.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Voters to decide whether hunting, fishing is constitutional right
- DAVID DALLAS: You say “Obama”, I say “Ebola”
- MARTIN WILLOUGHBY: Andrew Adams helps grow Addicus
- MISSISSIPPI RISING: Time to sell the image
- C Spire wins national award, cash prize for marketing analytics
- Grand juries charge seven with election violations
- Dak Prescott's autograph fetches a pretty penny
- Butler Snow names Crockoft new office director
- Farm theft investigation recovers $200K in stolen equipment