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.
Top Posts & Pages
- (UPDATE) Prison won’t interrupt ex-prison chief’s retirement cash flow
- 2014 a good year for filmmaking in Mississippi
- JOSH MABUS — Inbound marketing is fueled by wishful thinking
- MARTIN WILLOUGHBY — Doug Dale’s self-awareness helps lift him to top of his game
- PHIL HARDWICK: When Bill Cooley talks, people listen
- Ex-prison boss and businessman admit to bribery scheme
- MBJ Business Woman of the Year Top 10
- Kemper plant employee gag order continued
- ASA postmortem: industrial recruiting is a constant cycle of death and life