Posted earlier:
This debacle, recently described by The New York Times as Obama's energy centerpiece, is tracked here.
Update on the Kemper Mississippi River plant, from Penn Energy:
- Mississippi Power Co to add another month to the construction schedule
- delay will add another $62 million to the cost of the power plant
- new completion date: November 30, 2016
- total price is now nearly $6.9 billion -- let's call it $7 billion, and move on
- original cost estimate: $2.9 billion -- let's call it $3 billion, and move on
- stockholders have absorbed $2.6 billion in losses
Where we are today: bizjournals report that the plant will be operational by January 31, 2017 --
- I see bizjournal is also calling it a $7 billion project (exactly what I posted above some months ago
- most recent delay due to "challenges with the gas clean-up systems for gasifier 'B'"
- this delay has affected integrated operation of both gasifiers
- company says facility will be placed in service by January 31, 2017
- project's cost estimate will rise by $34 million
- any delay after January 31, 2017: $25 to $35 million / month
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