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MISSISSIPPI POWER COMPANY ACHIEVES NEW MILESTONE:...JUNK BOND STATUS
There is a high degree of uncertainty with regard to regulatory treatment of the plant, as increased capital costs, higher projected operating costs and the continued inability of the utility to put the plant into service has increased the possibility that the IGCC portion of the plant may not be economic to operate at all. Despite substantial ongoing financial and liquidity support from The Southern Company (Baa2 stable), Mississippi Power's risk profile has deteriorated markedly as the Kemper plant has proceeded.
