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.
Top Posts & Pages
- Host families prepare for Mississippi Braves’ season
- Ridgeland property rights tussle is expected to have wide impact
- JOSH MABUS — Mississippi’s Healthcare: Not a quality problem, a marketing problem
- HUNTER ARNOLD: Mississippi, Gulf Coast states focus on global business markets
- Mississippi takes an incentives licking, keeps on ticking
- Investors in Northbrook complex say Ridgeland targeting its own collateral for demolition
- AWAITING ITS FATE: Gables complex may have to shrink to meet law
- PHIL HARDWICK: When will Mississippi change its culture?
- Mississippi furniture makers on rebound with more exports