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Southern Co Coal Unit Delayed-Reuters

Wednesday, 2 Oct 2013 11:14pm EDT 

Reuters reported that Southern Co $5 billion project to build one of the first coal-fired power plants that captures carbon dioxide emissions will be delayed beyond May and so will miss out on $133 million in tax incentives, the Company said in a filing. Rainy weather in the summer and low labor productivity will delay completion of the plant in Kemper County, Mississippi, until later in the year, Southern said, despite raising the project's budget in July to meet the May deadline. 

Company Quote

-0.22 -0.50%
22 Sep 2014