JACKSON, Miss. (AP) — Mississippi Power Co. says it needs one more month and another $99 million to finish its $7.2 billion Kemper County power plant.
The subsidiary of Atlanta-based Southern Co. said in a stock filing Monday that it has finished repairs from a March tubing leak. The company aims to have the plant fully running by April 30, completing work more than three years behind schedule.
Mississippi Power says it will absorb $70.2 million in additional costs announced Monday, while customers could be asked to pay $28.6 million.
Overall, customers could be asked to pay $4.3 billion for Kemper. Southern shareholders have taken $2.8 billion in losses.
Mississippi Power must submit a rate plan to the state Public Service Commission by June 3. That elected body will decide how much customers pay.
Copyright Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Comments
Use the comment form below to begin a discussion about this content.
comments powered by Disqus