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
- DeSoto County Supervisor Lee dies in ATV accident on his birthday
- Molpus closes Fund after more than $662M in commitments
- Kemper County plant will cost at least another $496M to complete
- Cochran calls on EPA for review of Yazoo Backwater Project
- State Sen. Gandy hospitalized in South America
- Camgian launches Internet of Things product called Egburt
- Number of requests for general election absentee ballots roughly same as primary
- Former Mississippi First Lady Carroll Waller dies at 87
- After string of losses, O'Hara sees himself as Senate 'protest vote'