Posts Tagged ‘cost overrun’

Southern’s earnings impacted by increased Kemper plant cost

by MBJ Staff Published: April 25,2013

Tags: coal, construction, construction cost, cost overrun, earnings, electric generation, electricity, energy, income, lights, plant, power, publicly traded company, utility

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 [...] [...]

Could better interest rates, sales offset Kemper plant cost overruns?

by Associated Press Published: August 7,2012

Tags: byproducts, coal, construction, cost overrun, electricity, energy, interest rate, plant, power, ratepayer, sales, state agency

KEMPER COUNTY — Lower interest rates and higher sales of byproducts could allow Mississippi Power Co. to make up for higher costs at the power plant it’s building in Kemper County. Officials say customers won’t have to pay more to cover the plant’s cost, which has risen from $2.4 billion to more than $2.8 billion. [...] [...]

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