Posts Tagged ‘construction cost’

Kemper County plant’s costs continue to rise; completion delayed again

KEMPER COUNTY — Southern Co. said yesterday that it will cost at least another $59 million to finish the power plant it’s building in eastern Mississippi’s Kemper County, pushing the total cost above $5.6 billion. The Atlanta-based parent of Mississippi Power Co. also announced that the work on the parts of the plant that will […] [...]

Southern Co.: Kemper plant construction cost could grow by $40M

KEMPER COUNTY — The Southern Co. says it may cost another $40 million to finish the $5-billion-plus power plant and mine it’s building in eastern Mississippi’s Kemper County. The Atlanta-based parent of Mississippi Power Co. said yesterday that it would set aside money in the plant’s budget to cover possible start-up problems. Critics have warned […] [...]

Mississippi Power reports escalating construction costs at Kemper plant

KEMPER COUNTY — Mississippi Power Co. warned yesterday that costs are still increasing at the power plant it’s building in Kemper County. The unit of Atlanta-based Southern Co. told stockholders that an ongoing review of costs at the coal-fired plant has initially identified at least another $160 million in cost increases. Mississippi Power spokeswoman Amoi […] [...]

Southern’s earnings impacted by increased Kemper plant cost

ATLANTA — Southern Company, the parent of Mississippi Power Co., reports first quarter 2013 earnings of $81 million, or 9 cents a share, compared with earnings of $368 million, or 42 cents a share, in the first quarter of 2012. The first quarter results include two charges against earnings – a $333-million (38 cents per […] [...]

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