Archive for the ‘ENERGY – Market Sector’ Category

PSC lawyer: Electric co-ops have less money than thought

JACKSON — That $160 million pile of cash that Northern District Public Service Commissioner Brandon Presley said Mississippi electric cooperatives should be giving back to their customers? Almost everyone agrees now that the state’s 25 cooperatives don’t have nearly that much money lying around. Shawn Shurden, a lawyer for the Public Service Commission, told commissioners […] [...]

Tubular Bells project underway in the Gulf of Mexico

GULF OF MEXICO — The Hess Corporation-operated Tubular Bells deepwater project, located in the Gulf of Mexico, has started crude oil and natural gas production, according to Chevron Corporation. The field is located 135 miles (217 km) southeast of New Orleans, in approximately 4,300 feet (1,310 m) of water in the Mississippi Canyon area. The […] [...]

GoMRI chooses USM for Gulf oil spill research

OCEAN SPRINGS — The Gulf of Mexico Research Initiative (GoMRI) has selected 12 research consortia to conduct scientific studies of the impacts of oil, dispersed oil, and dispersant on the Gulf of Mexico ecosystem and public health.  These research investments focus on improving our fundamental understanding of the implications of events such as the Macondo […] [...]

Southern Pine to cut capital credit refund checks

TAYLORSVILLE — Southern Pine Electric Power Association has announced $3.5 million in capital credit refunds for the 2013 fiscal year. SPEPA general manager Donald L. Jordan says members will be reimbursed through credits on their accounts beginning in December. The amount of the credits is based on the amount of electricity each member used in […] [...]

Barbier reaffirms ‘gross negligence’ ruling against BP for oil spill

GULF OF MEXICO — A federal judge in New Orleans is sticking to his ruling that said BP’s conduct in the 2010 Gulf of Mexico oil rig disaster amounted to “gross negligence.” It could mean close to $18 billion in federal penalties for the oil giant. U.S. District Judge Carl Barbier yesterday rejected BP’s call […] [...]

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 […] [...]

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