Mississippi Power reaches settlement agreement on Kemper County plant costs, seeks PSC approval

Mississippi Power recently announced that it reached a settlement agreement with key parties on the remaining costs associated with the Kemper County energy facility that represents final terms subject to approval from the Mississippi Public Service Commission (PSC).

The Mississippi Public Utilities Staff, Chevron, Chemours, and Federal Executive Agencies agreed to the terms.

“This agreement represents significant compromise from all parties involved, but is an important step to settle all costs remaining on the Kemper project,” Mississippi Power President and CEO Anthony Wilson said. “Putting the gasifier portion of Kemper that did not meet our expectations behind us is in the best interest of our customers, company and the state. We are pleased to continue operating an efficient natural gas facility at Kemper which has been serving our customers for more than three years.”

The agreement includes no customer rate increased related to Kemper, the removal of risk to customers for the gasifier and related assets and operation of Kemper as a natural gas facility.

“If this stipulation is approved, we expect significant changes to our business,” Wilson said. “As we adjust to this considerable loss of revenue, our top priority will be to maintain safe and reliable service to our customers.”

Mississippi Power expects a final order on Kemper from the PSC in January.