Monday, January 9, 2017

Update On Federal Government's "Science Project" In Missississississippi -- January 9, 2017

The story is tracked here

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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