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De Omnibus Dubitandum - Lux Veritas

Monday, July 11, 2016

Kemper Project costs increase another $9.8 million

By   /   July 5, 2016  /   News  /   No Comments

Normally going 10-for-10 is a cause for celebration — unless you’re Mississippi Power reporting another month with another cost increase for its Kemper Project clean coal power plant.  The utility announced in an SEC filing that the plant will cost an additional $9.8 million in its May report, bringing the new estimated total to $6.751 billion.  The plant is designed to convert the second-lowest grade of coal, lignite, into a natural gas-like substance called synthesis gas to fuel its electricity-generating turbines while removing 65 percent of the carbon dioxide with its carbon capture system.  It has been generating power on natural gas since August 2014......To Read More.....

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