30 Jun '17, 4pm

Major Blow to 'Clean Coal' as 11- Year, $7.5 Billion Flagship Project Fails

In a major blow to proponents of "clean coal" technology, Southern Co., parent company of Mississippi Power, announced in a Securities and Exchange Commission filing Wednesday that it's throwing in the towel on efforts to generate electricity from coal and will instead use only natural gas at its flagship Kemper County, Mississippi power plant. The project, which relied on a "gasifier" to turn a cheap and common grade of coal into fuel, is over, at least for now, Southern said. "On June 28, 2017, Mississippi Power notified the Mississippi PSC that it is beginning a process to suspend operations and start-up activities on the gasifier portion of the Kemper IGCC." Further, Southern warned that it may record a $3.4 billion loss for the project in the second quarter of 2017, depending on how negotiations with state utility regulators unfold. If "Mississippi Power does not ulti...

Full article: https://www.ecowatch.com/clean-coal-project-fail-24503867...

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