Mississippi Power will not build coal-fired plant

JACKSON, Miss. (AP) - Mississippi Power Co. will not build a $2.4 billion coal-fired generating plant in Kemper County.

State regulators on Thursday approved the company's plan, but with a lengthy set of conditions.

Company officials say those conditions make it impossible to finance or construct the plant.

The three-member Mississippi Public Service Commission voted 2-1 for the project, detailing its decision in a 50-page document.

The most significant condition was a $2.4 billion cap in the amount of construction costs the company would be able to charge to rate payers. The amount could have been increased under certain rules.

Opponents, including the Sierra Club, say the plant north of Meridian is not needed and that it would be dirty and expensive.

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