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.
We predicted Mississippi Power and Southern Cos would opt for a negotiated settlement of Kemper cost recovery if the free pass from Mississippi Regulators ended.
According to this, there was some politics involved. Shocking!
“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?
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.