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New Fraud Allegations Emerge at Troubled 'Clean Coal' Project As Southern Co. Records Multi-Billion Loss

Southern Company CEO Tom Fanning

Southern Co. is accused of fraudulently misrepresenting the prospects for its troubled “clean coal” project in Kemper County, Mississippi in several legal filings this summer.

Southern announced in late July that it was shuttering the troubled “clean coal” part of Kemper after construction ran years behind schedule and the company spent $7.5 billion on the 582 megawatt power plant — over $5 billion more than it first projected.

In a lawsuit filed today, Brett Wingo, a former Southern Company engineer, alleges he warned the company's top executives that it would not be possible to meet key construction deadlines. Management responded by retaliating against him, the complaint asserts, and Southern continued to assure investors and the public that Kemper's schedule and budget targets would be met, then blamed unpredictable factors like the weather when those goals were missed.

After Passenger Train Derailment in Philadelphia Kills At Least 7, Attention Turns to Oil-by-Rail Hazards

This morning, investigators continue to search for missing Amtrak passengers, possibly thrown from a major train derailment and wreck in northeast Philadelphia Tuesday night. Already the casualty toll is one of the worst in recent memory, with at least seven people dead and over 200 injured after Amtrak's Northeast Regional Train No. 188, carrying 258 passengers, derailed.

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