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.
“Kelley Williams, chairman of the Bigger Pie Forum…said he suspects even the current estimate is a ‘low-ball number.’”
Kemper flunks Economics 101. The PSC flunks Human Nature 101. Customers don’t want to pay more to make environmentalists happy – or to pay for the PSC’s and Mississippi Power’s mistakes. They shouldn’t have to.
It’s a clever dodge designed to cover up one fact…
When Mississippi Power needs something from the Legislature, it isn’t bashful about spending the lobbying dollars needed to get it done.
Southern buried the investigation in the last paragraph on page 25 of its 303 page 10Q quarterly report filed Thursday May 5. But Bloomberg and other news services found it anyway.
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.
By Kendra Ablaza | www.mississippitoday.org | March 16, 2016 Documents regarding the $6.6 billion Kemper County Energy Facility will soon be easier for the public to access. The Mississippi Public Service Commission on Thursday directed its staff to post on the commission’s website executive summary updates detailing the power plant’s construction progress. The plant is scheduled […]