Now past the 45-day deadline, a settlement agreement has not been reached for Mississippi Power’s $7.5 billion Kemper power plant.

“The separate filings made Monday afternoon by the Public Utilities Staff and Mississippi Power Company indicate that a settlement has yet to be reached,” the Mississippi Public Service Commission said Monday in a news release.

Mississippi Power Co., however, maintains that it filed an agreement that “fully complies with the Mississippi Public Service Commission’s directives,” including no rate increase.

In its filing, Mississippi Power says it wants customers to pay for $277 million more in assets than Public Utilities Staff deems necessary, the Associated Press reported on Tuesday.

This will have little impact on rates in the beginning, but Public Utilities Staff Executive Director Virden Jones said customers over time would pay more under this plan, the AP reported.

”By Friday, the Commission will review all filings and order a status conference in which parties will update the Commission on the status of negotiations as well as provide direction to parties of record moving forward,” the release said.

The AP report also said that commissioners could try “to revoke the license for the entire Kemper facility” if Mississippi Power does not settle.

The PSC on July 6 ordered Mississippi Power and “other parties” to reach a settlement within 45 days. The order included relicensing the plant as a natural gas facility and ensuring that rates do not increase. The PSC also suggested that customers see a decrease in rates.

According to a Mississippi Power news release, its settlement agreement includes “the removal of risk to our customers for the gasifier and related assets, no rate increase to customers and operation of Kemper as a natural gas facility.”

“The company believes this is a fair resolution that will make sure customers are not subjected to a rate increase related to the Kemper gasifier,” Mississippi Power Chairman, President and CEO Anthony L. Wilson said in the release. “It is unfortunate that some parties are more interested in proposals that could decrease the strength of the company and place our operations at risk. We stand ready to continue discussions with other parties on this settlement to reach an equitable solution for all.”

Atlanta-based Southern Co., the parent company of Mississippi Power, announced recently that it would absorb an additional $2.8 billion in losses from the Kemper County power plant’s lignite coal operation — bringing the total to nearly $6 billion in losses.

Charges recorded through May 2017 were $3.07 billion, according to a statement from Mississippi Power.

“…[The] company does not expect that the gasification portions of the project are probable of rate recovery,” the release said. “Therefore, Mississippi Power and Southern Company recorded an additional $2.8 billion charge in June 2017, which includes estimated costs associated with the gasification portions of the plant and lignite mine.”