Power plant lands $181M loan from USDA
Published: December 16,2013
Tags: Batesville Generating Station, electricity, energy, Entergy, federal government, loan, power, Power plant, South Mississippi Electric Power Association, Tennessee Valley Authority, U.S. Department of Agriculture
BATESVILLE — The U. S. Department of Agriculture is providing a loan for work at an electric power generation facility in Panola County.
The federal agency Friday announced in a news release that it is providing $181 million to the South Mississippi Electric Power Association.
The money will be used to purchase two natural gas-fired combined cycle units for the Batesville Generating Station.
SMEPA bought the facility one year ago.
The generating station is tied into both the Tennessee Valley Authority and Entergy grids.
Mississippi regulators approved the acquisition last year.
SMEPA had been buying a third of the 837-megawatt plant’s power under a long-term contract since 1998.
SMEPA generates and transmits power to 11 cooperatives in southern and western Mississippi, serving more than 400,000 customers combined.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Officials set hunting dates for birds; expands dove season by 20 days
- Ex-state employee gets jail time for embezzling from school
- Madison's Christmas on Ice will not take place this year
- SPECIAL REPORT: Land may hold key to Jackson airport’s success
- Ex-judge disciplined, but not barred, by Supreme Court
- Gunn: State's GOP needs to heal after Senate primary battle
- Bank welcomes Little
- SPECIAL REPORT: A savvy pro is sought for Jackson airport's CEO
- USM Foundation sees second-highest fundraising total in history