Southern’s Kemper County plant may not be cost efficient, analysis says [Seeking Alpha]
Southern Company (The) (SO)
Last southern company (the) earnings: 4/30 06:30 am
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Source: Seeking Alpha
Southern Co. (NYSE: SO ) is on the verge of completing its Kemper County, Miss., "clean coal" facility after nearly seven years and $7.1B, but a required economic analysis of the project concludes that the economics of the plant compare favorably to a gas-burning plant only if natural gas prices are high . SO declines to specify the gas price assumptions it used to determine the Kemper plant’s viability, but said today during its earnings conference call that the scenario included a price above $5//MMBtu in 2020 and trending upward even though the U.S. Energy Information Administration’s forecast does not anticipate gas prices to top $5 until 2030. SO now plans to ask state officials to approve passing on $4.2B in costs to ratepayers of its Mississippi Power. subsidiary, but critics contend the plant was ill conceived and poorly executed, and are expected to ask regulators to approve only part of the costs. Now read: Am I A Dividend Growth Investor? And My New Res
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News
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- The Southern Company (NYSE: SO) had its price target raised by analysts at Barclays PLC from $65.00 to $66.00. They now have an "equal weight" rating on the stock.MarketBeat
SO
Earnings
- 2/15/24 - Beat
SO
Sec Filings
- 4/12/24 - Form ARS
- 4/12/24 - Form DEF
- 4/12/24 - Form DEFA14A
- SO's page on the SEC website