Sunday, June 4, 2017

The Never-Ending Story -- Still Not Finished -- Kemper -- PennEnergy -- June 4, 2017

I track the story here

Wow, this caught me by surprise. I thought it was finally finished. But apparently not.
Mississippi Power Co. says it will file plans Monday for customers to pay their share of its $7.3 billion Kemper County power plant, even though the plant isn't finished. 
The unit of Atlanta-based Southern Co. didn't yet have a cost update in a Wednesday statement, after Mississippi Power pushed back Kemper's completion date for the 10th time in 18 months. The utility is struggling to reliably run the plant. Customers could be asked to pay more than $4.3 billion. Southern shareholders have lost $2.9 billion.

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