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.
“Not Cost Efficient?” Well duh, it only costs 10 times as much as a natural gas plant. “I cannot imagine the company is going to be held accountable for a changing gas-price forecast.” Well duh, how about being held responsible for cooking the books?
Southern violates the first law of holes: when you are in a hole, quit digging. It keeps throwing good money after bad at its Mississippi Kemper Lignite Project. That may be because it thinks it’s throwing customer’s money. That will be the case if Mississippi’s Public Service Commission makes customers pay for Southern’s mistakes. The […]
Mississippi Power continues to struggle to get its Kemper Project clean coal power plant operational. None of the issues keeping the facility from getting up and running have easy solutions.
“The review of Mississippi Power’s ratings considers the declining competitiveness of the Kemper Integrated Gasification Combined Cycle (IGCC) plant as project costs have continued to rise, operating costs are increasing, and natural gas prices remain low…” and “The review also reflects the continued inability of the company to place the plant into service, with nine […]
The Kemper Project clean coal power plant has been generating electricity using natural gas since 2014, but now the facility is generating something else for its owner — lawsuits.
Mississippi Power announced Tuesday in a filing with the U.S. Securities and Exchange Commission that the Kemper Project clean coal power plant’s commercial operation date will be pushed back to next month.
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.
Mississippi Power announced Tuesday in an SEC filing that the Kemper Project clean coal power plant will cost an additional $60 million and could be delayed even further.
…the PSC will be looking extensively at safety issues with the first-of-its-kind plant, which is billions over budget and years behind schedule.