Southern Co. taking $450M charge for ...

Southern Co. taking $450M charge for Miss. plant

There are 1 comment on the WHIO story from Jul 30, 2013, titled Southern Co. taking $450M charge for Miss. plant. In it, WHIO reports that:

Southern Co. shareholders will absorb $450 million in losses incurred while building a new coal-fired power plant in Mississippi, raising the total write-offs on the construction project to nearly $1 billion, utility officials said Tuesday.

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LessHypeMoreFact

Etobicoke, Canada

#1 Jul 31, 2013
This is all about poor management (i.e they redid the books and found $450M in costs they hadn't accounted for??). The technology is certainly not 'bleeding edge' but they probably don't have the experts in their company as they have never done anything LIKE this before.

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