Southern Co. CEO Defends Kemper Plant

By: The Associated Press
By: The Associated Press

Pine Mountain, Ga. The head of Southern Co. says no one is happy with cost overruns at a Mississippi power plant, but he defends the project as a long-term investment.

Southern Co. CEO Tom Fanning Wednesday called the decision to absorb $540 million in costs "a bitter pill to swallow."

Still, Fanning told an annual meeting of shareholders that the lignite coal-burning plant in Mississippi's Kemper County still makes business sense.

Fanning says Mississippi would be too dependent on natural gas plants if the new coal plant were not built.

The president of Southern Co. subsidiary Mississippi Power, Ed Day, abruptly retired this week and was replaced by general council Ed Holland. Company officials say the departure was probably motivated by project pressures.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WTOK-TV 815 23rd Ave Meridian, Ms. 39301 Phone: (601) 693-1441
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 208555971 - wtok.com/a?a=208555971
Gray Television, Inc.