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Mississippi Coal Plant Overruns Show Risks of Carbon Rule

Coal’s future is being built in rural Mississippi, and so far this is what it looks like: a $1 billion cost overrun, a stew of legal battles, a revolt by ratepayers and a credit downgrade for the local utility.

With all those challenges, Southern Co.’s $4.7 billion project in Kemper County may still be coal’s best hope to survive President Barack Obama’s limits on greenhouse-gas emissions.