Archive for the ‘ENERGY – Market Sector’ Category

More than half latest round of oil spill seafood claims paid

by Published: February 13,2015

Tags: Business, Deepwater Horizon, Mississippi, NEWS

NEW ORLEANS — The administrator of claims arising from the 2010 Gulf of Mexico oil spill says more than half the payments from a $500 million second round of seafood industry claims have been distributed. Patrick Juneau said in a news release that the program has resulted in $296 million in payments to 2,647 claimants. […] [...]

Judge dismisses suit over Paradise plant’s switch to gas

by Published: February 9,2015

Tags: Business, Mississippi, NEWS, Tennessee Valley Authority, TVA

DRAKESBORO, Ky. — A federal judge says the Tennessee Valley Authority conducted a proper environmental impact study when it decided to install natural gas burning units at a western Kentucky coal-fired power plant. The Kentucky Coal Association and a group of landowners near the Paradise Fossil Plant sued TVA in July. They argued that TVA […] [...]

UPDATED — Republican Rep. Alan Nunnelee of Mississippi dies

JACKSON — U.S. Rep. Alan Nunnelee of Mississippi, a fiscal and social conservative elected to Congress in a Republican wave of 2010, died. He was 56. Elizabeth Parks, the spokeswoman in Nunnelee’s congressional office, said he died at his home in Tupelo, Mississippi. Parks released a statement from Nunnelee’s family: “Congressman Alan Nunnelee has gone home […] [...]

Kemper power plant overruns climb another $45 million

by Published: February 4,2015

Tags: Business, Kemper, Mississippi, NEWS, Southern Company

JACKSON — Southern Co. said it will spend at least another $45 million to finish the power plant it’s building in eastern Mississippi’s Kemper County, pushing total costs to nearly $6.2 billion. The Atlanta-based parent of Mississippi Power Co. said the additional money will pay for further construction costs and fuel during plant startup. Mississippi […] [...]

Trial ends over how much BP should pay for Gulf oil spill

by Published: February 3,2015

Tags: BP, Business, Deepwater Horizon, Mississippi, NEWS, oil spill

NEW ORLEANS — The latest phase of a trial to determine how much BP should pay in Clean Water Act penalties for the 2010 Gulf of Mexico oil spill — which could reach $13.7 billion — ended Monday, but a decision from the judge is not expected for months. The trial closed after two weeks […] [...]

Anadarko argues against $1B penalty in 2010 Gulf oil spill

NEW ORLEANS — An energy company that invested in the ill-fated Macondo well in the Gulf of Mexico is arguing in court that it should not face steep federal Clean Water Act penalties for the 2010 BP oil spill. The government has suggested a penalty of more $1 billion for Anadarko Petroleum Corp. Anadarko lawyers […] [...]

D’Iberville man sentenced for oil spill fraud conspiracy

GULFPORT — A 34-year-old D’Iberville man has been sentenced to 10 years in prison for conspiracy to commit mail fraud and wire fraud. U.S. District Judge Sul Ozerden this week also ordered Jason Richard Woodcock to pay $105,383 in restitution to the Gulf Coast Claims Facility and $17,092 to the Mississippi Department of Employment Security. […] [...]

BP to sell part of its Gulf of Mexico stake to Chevron

NEW YORK — BP is selling part of its stake in an emerging oil-producing region in the Gulf of Mexico to Chevron, and the two companies, along with Conoco Phillips, will work to develop the fields together. Terms of the deal were not disclosed. The joint-development agreement is a way for the companies to try […] [...]

Executive: No guarantee BP would help pay subsidiary’s fines

NEW ORLEANS — An executive for the BP subsidiary that faces billions of dollars in possible fines for the 2010 Gulf of Mexico oil spill testified Tuesday that it is uncertain whether other BP entities would step in to help pay a steep penalty. The day’s first witness was Richard Morrison, regional president and chairman […] [...]

Judge names receiver for KiOR plant, but tax payment unclear

JACKSON — A Lowndes County judge has appointed a receiver to watch over KiOR’s Columbus biofuel refinery, as owners and creditors seek a buyer. Chancery Judge Kenneth Burns on Monday named Derek Henderson, a Jackson lawyer who serves as a trustee in bankruptcy cases, as the receiver for the plant. The move came at the […] [...]

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