Archive for the ‘ENERGY – Market Sector’ Category

4-County Electric gets smart grid product from ACS

COLUMBUS — 4-County Electric Power has reached an agreement with Association Advanced Control Systems (ACS), a global provider of smart grid solutions, to install ACS’ PRISM SCADA system to better serve the cooperative’s 46,000 members in eastern Mississippi. “We selected ACS based upon their longevity, stability and their successful history of serving electrical cooperatives with […] [...]

Judge: Businesses shouldn’t repay oil spill settlement money

NEW ORLEANS — A federal judge has ruled that BP must stand by the agreement made with the companies it compensated for losses after the 2010 Gulf oil spill despite the oil giant saying some claims were overestimated. BP argued that a flawed funding formula enabled nearly 800 businesses to overestimate their spill-related claims. One […] [...]

Barbier to hear arguments over repayment of oil spill settlement money

by Published: September 24,2014

Tags: bench, BP, Carl Barbier, court, energy, judghe, justice, law, legal, oil spill, settlement

NEW ORLEANS — The federal judge for Gulf of Mexico oil spill cases was set to hear arguments today about whether BP PLC should get back hundreds of millions of dollars from businesses that got settlement payments between August 2012 and October 2013. The oil company says that’s only fair because Judge Carl Barbier found […] [...]

State’s universities save $70M over eight years through energy efficiencies

AROUND MISSISSIPPI — The state’s public universities have saved $70 million over the past eight years through efforts to reduce energy consumption and increase energy efficiency, according to a report made recently to the Board of Trustees of the Institutions of Higher Learning. “Many hands were involved in creating these cost savings and they are […] [...]

PSC approves rate hike for Mississippi River Gas

FLOWOOD — Natural gas rates are going up for customers of Mississippi River Gas, LLC. The Flowood-based company serves almost 3,300 customers around Port Gibson, Fayette, Bogue Chitto, Tchula and Natchez. The Mississippi Public Service Commission approved the rate increases earlier this month. Customers will now have to pay a basic charge of $9 a […] [...]

Fitch gives Mississippi Power a negative outlook due to Kemper plant

GULFPORT — Fitch Ratings has affirmed the issuer default rating (IDR) and security ratings for Southern Company, and has affirmed the IDRs and debt ratings for Southern Company’s subsidiaries. The rating outlook for all of the subsidiaries is stable, except for Mississippi Power, which remains negative. Fitch wrote: “The key near-term uncertainty at Mississippi Power […] [...]

MBJ’s Mississippi Marketplace begins Friday as it celebrates 31st year with new name

by Published: September 18,2014

Tags: Business, JACKSON, marketplace, Mississippi, NEWS, Trade Mart

The MBJ Business Marketplace gets under way today at the Mississippi Trade Mart at the fairgrounds in Jackson with a new name and new features. EVENT TICKET (Download, fill out and get FREE admission to the MBJ Business Marketplace) Formerly the Mississippi Business & Technology EXPO, the revamped and renamed Marketplace still is the largest […] [...]

Callon Petroleum stock sale for acquisitions raises $122M

NATCHEZ — Callon Petroleum Co. has raised $122 million from a stock sale, with plans to use the proceeds to pay for new oil and gas properties it plans to buy in the Permian Basin of west Texas. The Natchez-based company announced it has sold 14.38 million shares at $9 per share, paying about $7 […] [...]

CenterPoint Energy consolidates 3 smaller offices into one

by Published: September 15,2014

Tags: Business, energy, Mississippi, NEWS

CenterPoint Energy employees are settling in after moving in July to the company’s new location at 300 Executive Park Boulevard in Byram. The new building has 10,000 square feet of office space and 3,000 feet of warehouse space. There also is a training room and conference room for the staff’s use. “We consolidated the Brookhaven, […] [...]

Entergy again makes top 10 for economic development efforts

NEW ORLEANS — For the seventh consecutive year, Entergy Corporation has been named one of the nation’s top 10 utilities in economic development for 2013 by Site Selection magazine. The company was chosen for its efforts to help attract nearly $21 billion in projects, which could result in as many as 9,200 jobs across its […] [...]

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