Home › Southern Co. absorbs $450M in additional losses for over-budget Mississippi coal plant
 

Keywords :   


Southern Co. absorbs $450M in additional losses for over-budget Mississippi coal plant

2013-07-31 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: 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. The utility announced the pre-tax write-off on its massive project in Mississippis Kemper County before releasing its second-quarter earnings Wednesday. Company officials had earlier estimated the most recent charge would be around $160 million or more, significantly...

Tags: additional southern plant mississippi

Category:Electronics and Electrical

Latest from this category

All news
»
23.09Tropical Depression Ten-E Public Advisory Number 1A
23.09Summary for Tropical Depression Ten-E (EP5/EP102024)
23.09Tropical Depression Ten-E Graphics
23.09Eastern North Pacific Tropical Weather Outlook
23.09Atlantic Tropical Weather Outlook
22.09Tropical Depression Ten-E Forecast Discussion Number 1
22.09Tropical Depression Ten-E Graphics
22.09Tropical Depression Ten-E Wind Speed Probabilities Number 1
More »