SEC investigating Mississippi Power over Kemper

Mississippi Power, Southern Company being investigated by SEC

KEMPER COUNTY, MS (WLOX) – According a federal filing, Southern Company and Mississippi Power are being investigated by the Securities Exchange Commission.

The investigation is due to the ‘estimated costs and expected in-service date’ of the Kemper power plant under construction.

Southern’s quarterly report noted, “Southern Company and Mississippi Power believe the investigation is focused primarily on periods subsequent to 2010 and on accounting matters, disclosure controls and procedures, and internal controls over financial reporting associated with the Kemper IGCC.”

WLOX
5/5/16