Mississippi Power rate settlement

Regulators have reached a settlement with Mississippi Power Company on how much customers should pay for the $7.5 billion power plant once touted as the future of coal.
The unit of Atlanta-based Southern Company is agreeing to lower the price tag on its Kemper County Power Plant by $85 million, its second round of concessions in two weeks. Shareholders have already lost $6 billion.
Virden Jones, executive director of the public utilities staff, said the last parties signed the deal today, days before rate hearings were scheduled to start Monday.
Customers could soon pay less than they’re now paying for the plant’s natural gas burning portion.