“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 […]
Jackson got some tough love this past November — report cards from the two largest bond rating agencies, Moody’s and Standard & Poor’s. One report was OK, the other not so good.
“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.