Kemper about 99% complete. And that’s the easy part.
Another way to lose the trust of real investors is to give MDA bureaucrats money to invest in the name of jobs. They don’t try to pick losers. They just do it a lot. Why? No skin in the game?
FUNDRAISER: A fundraiser for Mississippi Public Service Central District commissioner was hosted by several contractors on the Kemper Project in violation of state law.
Mississippi Power admitted in a filing with the U.S. Securities and Exchange Commission Tuesday that the Kemper Project clean coal power plant could be completed later than expected — and costs are rising yet again.
Mississippi Power said Tuesday it still expects the startup of the Kemper lignite plant in the first half of 2016 — but not by April 19…
“O what a tangled web we weave when first we practice to deceive.”… Kemper’s justification is based on deceptive cost and revenue projections. Two lame duck PSC commissioners went along.
“The war on carbon literally hurts, sickens, and kills poor people all over the world. And I can assure you … the poor are not amused.”
Mississippi Power, in asking for the most recent increase, said it needed cash immediately because it had reached its borrowing capacity and could not count on its parent company, Southern Company, to infuse anymore revenue.
Denbury Resources says it still plans to buy carbon dioxide from the Kemper Project integrated gasification power plant despite the company’s recent tumbling fortunes.
“What Could Change the Rating – Down? … if there are additional material delays, cost increases, or other problems associated with the plant;” In other words, if the future is like the past.