MS Power: More cost overruns at Kemper Plant.

By MississippI PEP Staff | July 2nd, 2013 at 6:57 am

BY: MississippI PEP Staff /

The MS PEP Staff consists of a number of volunteers across the state dedicated to sharing news and commentary important to conservatives.

Filed Under: Energy, Mississippi, MS State Government, Public Service Commission, Spending

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.

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