Congress Could Send More Cash to Kemper Plant

A massive federal spending bill could channel tens of millions more to Mississippi PowerCo. to aid construction of its $6.5 billion power plant in Kemper County.

The language, engineered by U.S. Sen. Thad Cochran, R-Miss., could ultimately hold down rates that the company’s 186,000 customers will have to pay.

Mississippi Public Service Commissioner Brandon Presley said Wednesday that he and other members of the utility regulatory body wrote to Cochran asking him to redirect unused funds from other “clean coal” projects to Kemper. Up to $160 million is available, although Presley says $80 to $100 million is likely to be directed to Kemper.

WTOK
12/17/15