Archive for the ‘ENERGY – Market Sector’ Category

TVA retiring coal-fired power plant; to build gas-burning facility

MEMPHIS, Tenn. — The Tennessee Valley Authority board of directors today approved replacing the Allen Fossil Plant in Memphis, Tennessee, with a natural gas plant. Following an environmental review that received comments from more than 1,500 people, the board agreed to retire the 55-year-old coal plant and replace it with a 2-on-1, combined-cycle gas plant. […] [...]

PSC’s Brandon Presley calls in-state nuclear waste dump a ‘harebrained scheme’

NETTLETON — Public Service Commissioner Brandon Presley has reached out to President Barack Obama, Mississippi’s congressional delegation and other Washington leaders in an attempt to block any federal government attempts to dispose of the nation’s nuclear waste in Mississippi. In a letter sent this week, Presley shared copies of recent unanimously passed PSC resolutions opposing […] [...]

Kemper power plant goes online burning natural gas

KEMPER COUNTY — Mississippi Power Co. says a key part of its $5.5 billion Kemper County power plant is operational. The unit of Atlanta-based Southern Co. announced yesterday that it has put three power generating turbines into commercial operation burning natural gas piped to the east Mississippi plant. It comes even as Mississippi Power completes […] [...]

Treasury Department sets rules for BP oil spill money

GULF OF MEXICO — The U.S. Treasury has set out 97 pages of rules for investing and allocating money that BP PLC and other defendants will pay in Clean Water Act fines for the Gulf of Mexico oil spill of 2010. The rules released yesterday formally set up a trust fund for money that state […] [...]

KiOR: Money will run out next of money month, bankruptcy possible

COLUMBUS — Struggling biofuel firm KiOR says in a financial filing that it will run out of money by September and that bankruptcy could follow. The company, which built a refinery in Columbus to turn wood chips into synthetic oil, owes Mississippi $69.4 million. The Mississippi Development Authority has agreed to delay payments until the […] [...]

Cochran, Wicker pushing for more liquefied natural gas exports

WASHINGTON, D.C. – U.S. Sens. Thad Cochran, R-Miss., and Roger Wicker, R-Miss., are calling on the Obama Administration to expedite approval of project applications to export liquefied natural gas (LNG). The senators sent a letter to U.S. Department of Energy Secretary Ernest Moniz regarding the issue. The letter sent by the senators states, “LNG exports […] [...]

TVA cutting 2,000-plus jobs in massive cost-saving effort

CHATTANOOGA, Tenn. — The nation’s largest public utility is eliminating more than 2,000 jobs as part of a $500 million cost-cutting campaign. The Chattanooga Times Free Press reports the Tennessee Valley Authority is making the cuts this year to pare expenses and make electric rates in the Tennessee Valley more competitive with neighboring utilities. Most […] [...]

PSC delays Kemper power plant hearing; Blanton files motion

JACKSON  — The Mississippi Public Service Commission today delayed hearings on whether Mississippi Power Co. has spent prudently in building the $5.5 billion Kemper County power plant. Prudency hearings are a key step in the company collecting from its 186,000 ratepayers to pay for the plant, even though rates have already risen 18 percent. The […] [...]

Mississippi Power, Sierra Club reach settlement in Kemper plant case

KEMPER COUNTY — Mississippi Power will convert from coal to natural gas or retire several units at plants in south Mississippi and Greene County, Alabama, as part of an agreement to end litigation over construction of a coal-fired power plant in Kemper County. The company and the Sierra Club announced yesterday that they are ending […] [...]

BP wants Supreme Court to toss part of oil spill settlement plan

NEW ORLEANS — BP PLC has asked the U.S. Supreme Court to throw out part of its settlement of claims for damage from its enormous oil spill in 2010 — a section saying businesses don’t have to prove that the spill directly harmed them to be eligible for payment, only that they lost money afterward […] [...]

« Previous Page Next Page »

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments