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Mississippi Coal Plant Overruns Show Risks of Carbon Rule http://apocadocs.com/s.pl?1379546219
Coal's future is being built in rural Mississippi, and so far this is what it looks like: a $1 billion cost overrun, a stew of legal battles, a revolt by ratepayers and a credit downgrade for the local utility.
With all those challenges, Southern Co. (SO)'s $4.7 billion project in Kemper County may still be coal's best hope to survive President Barack Obama's limits on greenhouse-gas emissions. "It's a transformative project," said John Thompson, a director of the Clean Air Task Force, a Boston-based environmental group. "It will be the largest and cleanest coal plant in the world, but I don't think it will hold that title for long."
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[Read more stories about:
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'Doc Michael says:
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Even when coal is "clean" it's costly.
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