U.S. taxpayers could be joining Mississippi Power ratepayers on the hook for the soaring costs of the Kemper Project clean coal power plant.
Mississippi regulators are expressing concern about how much it could cost to operate the Kemper Project clean coal power plant after the utility admitted the facility could cost $1 billion to run over its first five years in operation, 288 percent more than original estimates.
When talking about the Kemper Project clean coal power plant, it’s easy to get hung up on the plant’s capital costs, now up to nearly $6.9 billion.
By Steve Wilson / August 30, 2016 / www.MississippiWatchdog.org There was a time when Southern Company dismissed natural gas as an antique of the early industrial age. But that was in 2006, when the powerful regional utility operator was lobbying government officials to subsidize a Kemper County plant. The Kemper project would transform the […]
When Mississippi Power needs something from the Legislature, it isn’t bashful about spending the lobbying dollars needed to get it done.
The Kemper Project is a controversial clean coal power plant that’s designed to convert lignite coal mined on site into a natural gas-like substance called synthesis gas to fuel its electricity-generating turbines.
The U.S. Securities and Exchange Commission is conducting an investigation of Southern Company and its subsidiary Mississippi Power over costs and delays at the Kemper Project clean coal power plant.
“Bill Kelly, a CPA and subcontractor for AECOM who runs the accounting component of the independent monitor team, said the increase amounted to 95 percent of total project cost and amounted to a “material weakness in internal control over financial reporting” You might call this cooking the books.
Mississippi’s Kemper Project integrated coal gasification power plant hasn’t generated any power off its primary fuel, but it has generated one thing in bunches: lawsuits.
As we’ve been saying …