|Brisk ticket sales to view rare Kemper White Elephant "will pack" new circus tent.|
Billions of dollars over budget and two years past completion deadline, Mississippi Power Company's "clean coal" Kemper County Energy Facility's spiraling cost overruns have caused a major group of South Mississippi electric power co-ops to bail out of their planned 15 percent share of the Kemper coal burning plant.
Mississippi Power said it was “disappointed” that the major investors were backing out but said it would refund their $275 million in deposits, plus interest, "while continuing to explore its future financing options."
The most promising "future financing option" reportedly involves a quiet partnership between Ringling Brothers, Barnum & Bailey and Mississippi Power Company designed to produce "a projected long term revenue stream."
Top company brass applauded a PR approach which takes advantage of the well established public image of the Kemper project as a "white elephant." The plan calls for actually exhibiting one of the rare pachyderms on lease from Ringling Brothers. In the photo above, the elephant seems to have a free run of the plant's white elephant area and a large circus tent has already been erected. Tickets are reportedly to go on sale "soon" statewide for a chance to "see a white elephant up close" both under the big top . . . and outside of it.