planned installed capacity of the Kemper Clean Coal Power Plant. It was supposed to be the nation’s first new “clean coal” power plant, capable of turning lignite coal into gas and remove at least two-thirds of the carbon dioxide emissions, roughly the same as natural gas.
Initial project cost, as estimated in 2006. In comparison, a typical 700 MW natural gas plant would have cost roughly $700 million to build.
Plans for the project were first announced by Southern Co. and its subsidiary Mississippi Power.
Number of year by which the project completion has been delayed.
Revised project cost.
Anticipated loss that Southern Co. has warned it may record in 2Q2017.
29 Jun 2017
Southern Co. announced in a Securities and Exchange Commission filing that it’s throwing in the towel on efforts to generate electricity from coal and will instead use only natural gas.
Additional amount required to rip through a dense labyrinth of steel pipes to replace crucial equipment that’s already started leaking, adding up to two years of additional work.
06 Feb 2018
The Mississippi Public Service Commission approves a settlement between Mississippi Power and stakeholders over cost recovery.
Losses to be borne/absorbed by shareholders. As part of the agreement, the company will not ask to recover any of these losses from
ratepayers now, or in the future.
Mississippi Power customers will be charged annually over a period of 8 years, for the plant’s natural gas, which they have used since 2014.