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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...
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Category:Electronics and Electrical