MS Watchdog: Southern Company earnings take hit in fourth quarter of 2016 over Kemper

Southern Company earnings slide thanks to Kemper Project woes

The Southern Company’s earnings took a big hit in the fourth quarter of 2016 and the problem-plagued Kemper Project clean coal power plant was a big reason why.

The company reported earnings of $197 million, or 20 cents per share, in the fourth quarter of 2016, compared with $271 million and 30 cents per share in the same period in 2015. Overall, the company’s reported earnings for 2016 were $2.45 billion, or $2.57 per share. In 2015, the company said it earned $2.37 billion, or $2.60 per share

MS Watchdog
2/22/17