Kemper power plant overruns climb another $62 million - MSNewsNow.com - Jackson, MS

Kemper power plant overruns climb another $62 million

Source: WLBT Source: WLBT

By JEFF AMY
Associated Press

JACKSON, Miss. (AP) - Mississippi Power Co. says it will spend at least another $62 million to finish the power plant it's building in Kemper County, pushing total costs to nearly $6.5 billion.

The unit of Atlanta-based Southern Co. said Tuesday the money will pay for the plant's completion, startup activities and repairs and changes that it decided were needed following testing.

Mississippi Power says it, and not its 186,000 customers, will cover the additional money. Customers are paying 18 percent more for Kemper under an emergency order from the Public Service Commission. That body will meet Thursday to vote on a permanent rate plan that could cut that increase.

The plant and associated lignite coal mine were originally supposed to cost $2.9 billion at most. The utility is absorbing $2.3 billion in overruns.

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