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.

Join the discussion below, or Read more at WHIO.


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.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Kemper County Discussions

Title Updated Last By Comments
News Republican PSC runoff candidates disagree with ... (Aug '15) Aug '15 State 1
News Power company's latest rate increase proposal c... (Jul '15) Jul '15 State 1
News WSJ: Southern Co. loses backer on delayed $6.2B... (May '15) May '15 jen pletcher 1
News Electrical cooperative pulls out of Kemper powe... (May '15) May '15 jen pletcher 1
News Miss. Power files rate plans to pay for Kemper ... (May '15) May '15 jen pletcher 1
News Kemper Co. plant costs going up another $8 million (Apr '15) Apr '15 jen pletcher 1
News Suit against Kemper employee Brett Wingo is dis... (Mar '15) Mar '15 jen pletcher 1
More from around the web