Mississippi Power elected G. Edison “Ed” Holland as president and CEO effective immediately after Ed Day announced his retirement.
The Jackson Free Press says the change is due to more than $1 billion in cost overruns at the company’s Kemper County integrated gasification combined-cycle (IGCC) power plant in Mississippi and for stonewalling regulators with the state Public Service Commission when they requested information about a previous $376 million overrun announced in May 2012. Holland in the article denied that Day purposely tried to withhold information from commissioners.
Holland previously was the company’s executive vice president, general counsel and chief compliance officer with parent company Southern Co. (NYSE: SO). He was also the CEO of Savannah Electric and the vice president of power generation and transmission with Gulf Power.
This story was originally published by Power Engineering online. It is republished with permission.