Mississippi Power Co. is warning that costs are still increasing at the power plant it’s building in Kemper County.
The unit of Atlanta-based Southern Co. told stockholders Monday that an ongoing review of costs at the coal-fired plant has preliminarily identified at least another $160 million in cost increases.
That could push the cost of the plant, adjoining lignite mine and associated pipelines to $4.45 billion. That’s more than $1.1 billion over original estimates.
Mississippi Power spokeswoman Amoi Geter says Southern Co. shareholders would absorb any cost increases. The parent company was hit with $540 million in charges in April.