Tuesday, 12 September 2017

Southern still quarrels with Regulators over recouping costs for failed Kemper gasifier

Kemper County IGCC Power Plant Kemper County IGCC Power Plant

Southern Co. has rejected a revised offer on rates for the Kemper County power plant. The offer would have enabled Mississippi Power to collect an additional $100 million in assets. After abandoning efforts to complete the Kemper gasifier, Southern had to take up nearly $6 billion in losses on the $7.5 billion project – but the regulator say some of the costs it now wants to recoup are “unjustified.”

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