Mississippi Power customers would see their electricity bills remain the same or decrease slightly if the state Public Service Commission approves a settlement agreement reached Friday on the Kemper County energy facility.
Mississippi Power officials reached the agreement with commission staff, Chevron and Federal Executive Agencies on the remaining costs associated with Kemper. With all the key parties in agreement, the announcement represents final terms that are now subject to the approval of the Public Service Commission.
“This agreement represents significant compromise from all parties involved, but is an important step to settle all costs remaining on the Kemper project,” said Mississippi Power President and CEO Anthony Wilson in a news release. “Putting the gasifier portion of Kemper that did not meet our expectations behind us is in the best interest of our customers, company and the state.
“We are pleased to continue operating an efficient natural gas facility at Kemper which has been serving our customers for more than three years.”
Mississippi Power has lost $6 billion on the $7.5 billion Kemper plant. The utility suspended efforts to complete a unit that would gasify soft lignite coal after the Public Service Commission said it didn’t want customers to pay for that part of the plant.
READ: Mississippi Power reaches final settlement on Kemper: Public Utilities Commission must approve