Archive for the ‘ENERGY – Market Sector’ Category

Judge refuses to dismiss oil spill settlement administrator

NEW ORLEANS — BP’s call for the ouster of the administrator of damage settlement claims arising from the 2010 Gulf of Mexico oil spill was rejected yesterday by a federal judge. BP lawyers had said Patrick Juneau should be removed for a variety of reasons, among them that he had a conflict of interest because […] [...]

Ergon to restart the ethanol facility in Vicksburg

by Published: November 10,2014

Tags: Business, energy, Ergon, Mississippi, VICKSBURG

Ergon BioFuels LLC, a subsidiary of Flowood-based Ergon, Inc., announced Monday plans to restart the ethanol facility in Vicksburg in May. With nearly 60 million gallons of annual production capacity, Ergon BioFuels is one of the largest ethanol producers in the Southeast. The facility will purchase feedstock from local suppliers, providing substantial new market opportunities for […] [...]

Jack Weatherly joins MBJ editorial team — Pulitzer nominee to cover economic development, among other things

Who says you can’t come home again? Jack Weatherly is doing just that this week as the veteran journalist has become the newest reporter for the Mississippi Business Journal. Weatherly — who has been cited for excellence in writing everywhere he has ever been including a nomination for a Pulitzer Prize — has worked for newspapers across the […] [...]

KiOR files for bankruptcy, but Columbus plant isn’t included

COLUMBUS — Biofuel maker KiOR Inc. has filed for bankruptcy, although its Mississippi subsidiary has not, preserving the chance that its Columbus plant could be sold quickly. The company, based in Pasadena, Texas, filed for Chapter 11 bankruptcy protection late Sunday in U.S. Bankruptcy Court in Delaware, where it’s incorporated. KiOR defaulted on a loan from […] [...]

Amite, Wilkinson plan to use treated sewage to spur fracking operations

Officials of Amite and Wilkinson counties are preparing a plan for a water district they say will enhance hydraulic fracturing operations in their region while generating dollars for sorely needed road and bridge maintenance. A central feature of the plan: Pipe five million gallons of treated sewage daily from McComb, Liberty, Gloster and other Southwest […] [...]

Appeals panel rules that BP is responsible for oil spill damages

NEW ORLEANS — A federal appeals court panel has re-affirmed its ruling that BP is liable for federal Clean Water Act damages stemming from the 2010 Gulf of Mexico oil spill. The three-judge panel of the 5th U.S. Circuit Court of Appeals rejected arguments that there were errors in its June 4 ruling. BP and […] [...]

Entergy’s earnings miss Wall Street’s expectations

NEW ORLEANS — Entergy Corp. today reported third-quarter earnings of $230 million. The New Orleans-based company said it had profit of $1.27 per share. Earnings, adjusted for non-recurring costs, came to $1.68 per share. The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings […] [...]

KiOR could owe state entire $69.4M debt plus interest

COLUMBUS — Mississippi has warned biofuel maker KiOR that it could demand immediate repayment of the company’s entire $69.4 million debt to the state, plus $8 million in interest, if the company doesn’t make its loan payment before a grace period runs out. Marlo Dorsey, a spokeswoman for the Mississippi Development Authority, said the state […] [...]

Deadline passes and state receives no payment from KiOR

COLUMBUS — Mississippi officials say they didn’t get any money from faltering biofuel firm KiOR on Friday, the deadline for the company to make a $1.9 million debt payment. KiOR, based in Pasadena, Texas, has a grace period of three business days to make the payment, so it wouldn’t officially break its agreement until midnight […] [...]

Entergy agrees to cut $35M from its new rate plan

JACKSON — Entergy Corp. has agreed with Mississippi regulators to cut $35 million from the amount it is seeking from customers under a new rate plan, dropping the total to $14 million annually and setting the stage for the Public Service Commission to approve the plan by Dec. 9. Mississippi’s largest private utility also agreed […] [...]

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