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
- Half century of memories — Christmas on Deer Creek to celebrate 50th anniversary
- Investigators find massive Ag Museum fire was an accident
- Analyst: KiOR Columbus plant may end up sold as scrap
- Bryant wants free tuition for students with technical diploma
- Prison-contract task force working in wake of Epps' indictment
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Former MDEQ Executive Director Trudy Fisher joins Butler Snow
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- State's casinos took in more winnings in October
- Prescott leads field for Conerly Trophy as state's best football player