by Associated Press Published: January 29,2014
Tags: Christy Ihrig, coal gassification, construction, construction cost, electricity, energy, Mississippi Legislature, Mississippi Power Co., Mississippi Public Service Commission, Plant Ratcliffe, power, Power plant, Southern Co.
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 […] [...]
by Associated Press Published: October 30,2013
Tags: construction, COST, electricity, energy, Louie Miller, Mississippi Power Co., Mississippi Public Service Commission, Plant Ratcliffe, power, Power plant, sierra club, Southern Co.
KEMPER COUNTY — Mississippi Power Co. says the expected cost of the power plant it’s building in Kemper County has risen another $150 million because of schedule delays. That pushes the total cost of the plant, a coal mine and associated pipelines to almost $5 billion. The complex was originally projected to cost about $2.8 […] [...]
by Associated Press Published: July 30,2013
Tags: coal, construction, COST, Ed Holland, electricity, energy, Mississippi Power Co., Plant Ratcliffe, pre-tax, publicly traded company, shareholder, Southern Co., stock, stockholder
KEMPER COUNTY — Southern Co. shareholders will absorb $450 million in losses incurred while building a new coal-fired power plant in Mississippi, raising the total write-offs on the construction project to nearly $1 billion, utility officials said today. The utility announced the pre-tax write-off on its massive project in Mississippi’s Kemper County before releasing its […] [...]
by Associated Press Published: July 18,2013
Tags: coal, electric generation, electricity, energy, Georgia Power Co., Kemper County, Mississippi Power Co., plant, Plant Ratcliffe, power, regulator, Southern Co., Tim Echols
KEMPER COUNTY — A decision to absorb losses on an over-budget power plant in Mississippi may haunt Southern Co. now that it wants regulators to raise its budget for a costly nuclear power plant in Georgia. Southern Co. executives fielded hostile questions today during their first testimony before utility regulators since announcing the firm could […] [...]