Southern Co. moves startup date for Kemper County plant
Published: April 30,2014
KEMPER COUNTY — The Southern Co. says the expected startup date of its coal gas-fired power plant in Kemper County is being pushed back to the first half of 2015.
In a regulatory filing yesterday with the Securities and Exchange Commission, the company also says the plant’s cost is expected to rise by $196 million to a total of about $5.4 billion.
The Atlanta-based company says it will take a pre-tax charge of $380 million — $235 million after taxes — against its income for the first quarter of 2014.
A spokesman for Southern-affiliate Mississippi Power Company says the utility will not seek to recover the increased costs from ratepayers.
Earlier this month the company blamed poor weather, unexpected turnover of construction employees and installation inefficiencies for contributing to extra costs.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Southern Co. moves startup date for Kemper County plant”
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Mississippi no longer has highest unemployment rate in nation
- Grain buyer’s bankruptcy could take steep toll on Delta farmers
- HCC works deal with MSU Extension Service for land to expand
- McDaniel cites Gunn's challenge in his attempt to overturn loss to Cochran
- UPDATE — David Watkins says JRA left him in dark about HUD's Farish St. involvement
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- Report: Mississippi has worst child poverty rate in U.S.
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- Education leaders applying for $15M in grants for pre-kindergarten program