Kemper County power plant cost overrun (2017)
Mississippi Power's Kemper 'clean coal' gasification project was abandoned after costs ballooned past $7.5 billion, years late and far over budget. The company switched the plant to run on natural gas instead.
Ratepayers and shareholders absorbed billions in losses on the failed technology.
Kemper became a warning about how big generation projects can spiral past their budgets.
It grounds the cost-overrun scenario. JEA's board set a $1.57 billion cap, but large power builds have a history of breaking through such limits.
