Environmental Group Has Questions for Utility Execs

But questions Sierra’s Mississippi members intend to raise about a nearly $1 billion construction overage at Plant Ratcliffe in Kemper County, Miss., may be on the minds of every investor in the room. The company has told regulators there that it would absorb $540 million in overruns, effectively coming out of shareholders’ pockets.
The president of Southern’s Mississippi Power subsidiary abruptly quit Monday amid company admissions that he failed to respond to regulators’ information requests.

Southern Political Report
5/22/13