Archive for the ‘ENERGY – Market Sector’ Category

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 […] [...]

TVA lowering Pickwick reservoir to inspect dam due to earthquake concerns

NORTHEAST MISSISSIPPI — The Tennessee Valley Authority is lowering the water level at Pickwick Landing Reservoir to test the soundness of the dam there. According to the utility, a recent dam inspection showed the possibility that an earthen portion of the dam could be damaged by a large earthquake. The reservoir is located about 120 […] [...]

Callon Petroleum to sell shares to fund acquisition in Texas

NATCHEZ — Callon Petroleum Company is selling stock to pay for new oil and gas properties it plans to buy in the Permian Basin of west Texas. The Natchez-based company will sell 12.5 million shares, giving the brokerages underwriting the sale the option to buy up to another 1.875 million shares. At current prices, Callon […] [...]

PSC approves waiver of utility deposits for domestic violence victims

JACKSON — Mississippi regulators have approved a plan to let victims of domestic violence delay paying utility deposits for 60 days as a way to help victims move away from abusers even if they don’t have enough money to pay deposits. The Public Service Commission voted 3-0 yesterday to approve the waiver, a month after […] [...]

Regulators to look at electric power co-ops’ books

JACKSON — Regulators will review the books of Mississippi’s 25 electric power associations to try to determine whether they are holding money that should instead flow back to customers. The Mississippi Public Service Commission voted 3-0 yesterday for its own legal staff and the freestanding Public Utilities Staff to conduct a joint review, with an […] [...]

Presley calling for investigation of electric power associations

JACKSON — Northern District Public Service Commissioner Brandon Presley wants the utility regulator to investigate whether some electric power associations are holding money they should refund to their member-owners. Presley, a Democrat, said yesterday that he plans to ask the Public Service Commission at its meeting today to launch a formal inquiry. Michael Callahan, CEO […] [...]

BP possibly facing another $18B in fines after Barbier’s oil spill ruling

NEW ORLEANS — BP could be looking at close to $18 billion in additional fines over the nation’s worst offshore oil spill after a federal judge ruled yesterday that the company acted with “gross negligence” in the 2010 Gulf of Mexico disaster. U.S. District Judge Carl Barbier concluded that the London-based oil giant showed a […] [...]

Kemper County power plant costs rise another $30M

KEMPER COUNTY — Southern Co. says it will cost at least another $30 million to finish the power plant it’s building in eastern Mississippi’s Kemper County, pushing the total cost to nearly $5.6 billion. The Atlanta-based parent of Mississippi Power Co. said the additional money will pay for material and labor during the plant’s startup […] [...]

Judge rules BP’s ‘reckless conduct’ caused 2010 Gulf oil spill

NEW ORLEANS — A federal judge has ruled that BP’s reckless conduct resulted in the nation’s worst offshore oil spill, leaving the company open to billions of dollars in penalties. U.S. District Judge Carl Barbier’s ruling today could nearly quadruple the amount of civil penalties for polluting the Gulf of Mexico with oil from BP’s […] [...]

MCCULLOUGH: Common sense energy policy can work for U.S.

by Published: September 4,2014

Tags: Business, energy, Mississippi, natural gas, nuclear

If there’s one reason Washington should keep an eye on legislation south of the border, it’s so that Mexico doesn’t leave the U.S. in the dust when it comes to energy resource development. Yes, the U.S. is in the midst of its own energy boom, but neither oil and gas production nor global energy markets […] [...]

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