Miss. Power says more overruns likely at Kemper

Miss. Power says more overruns likely at Kemper

Mississippi Power Co. warned Monday 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 Geter said Southern Co. shareholders would absorb any cost increases. The parent company was hit with $540 million in charges in April, although the after-tax cost to shareholders was lower. In a January settlement with Mississippi regulators, the company agreed to shield customers from further cost increases.

Sun Herald
7/1/13