Southern Co to take $278 Mln Q2 charge as Kemper coal costs rise

HOUSTON, July 30 Tue Jul 30, 2013 6:07pm EDT

HOUSTON, July 30 (Reuters) - Southern Co will take a $278 million charge in the second quarter as costs continue to rise at its controversial coal-gasification power plant in Kemper County, Mississippi, the company said in a filing with regulators on Tuesday.

Southern took a $333 million charge related to cost overruns at the 582-megawatt Kemper County plant in the first quarter.

It is one of only two integrated gasification combined-cycle (IGCC) plants to be built in the country.

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