This piece from Seeking Alpha is designed to be the “chicken soup for the soul” for potential Southern Company investors. The piece says that the utility presently has the “blues” with billions in cost overruns for the Kemper Project coal gasification power plant…
Will the DOR draw a legal challenge for their Consumer Use Tax?
Abandon ship! Abandon ship! Will Southern’s CEO Tom Fanning go down with the ship? He commanded Kemper’s boondoggle to work. It hasn’t anyway. King Canute commanded the tide not to come in. It did anyway. Two egomaniacs? No. Just one. King Canute knew better.
According to this, there was some politics involved. Shocking!
It might be cheaper to run the Kemper Project clean coal power plant’s turbines on natural gas, but Mississippi Power wants customers to pay most of the cost for the coal gasification part of the plant.