Mississippi Business Journal » ENERGY – Market Sector

Genesis Energy doubling capacity, adding workers

Associated Press — Wed, 22 May 2013 11:30:47 +0000

NATCHEZ — Genesis Energy plans to more than double its railcar capacity at its terminal in the Natchez-Adams County Port. The Natchez Democrat reports the expansion will create approximately 20 new jobs, including 15 equipment operators and five professional staff. The announcement comes as the company finalized its first phase — which includes 40 railcar [...]

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LNG facility hoping to begin exporting natural gas

Associated Press — Tue, 21 May 2013 14:02:57 +0000

PASCAGOULA — Big changes may be coming for Gulf LNG, the liquefied natural gas terminal that has two huge storage tanks on the horizon south of Pascagoula. The owners want to begin exporting natural gas. It would be quite the turnaround for the $1.1-billion terminal built more than two years ago to import the super-chilled [...]

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Mississippi Power CEO’s departure due to withholding Kemper information from regulators

Clay Chandler — Mon, 20 May 2013 18:24:26 +0000

Mississippi Power Co. has made an abrupt change at the top. Southern Co.’s board of directors voted Monday to name G. Edison “Ed” Holland the utility’s new leader. Holland replaces Ed Day, who has been CEO since 2010. Day has spent a total of 30 years with Southern Co. >>READ MORE in today’s Magnolia Marketplace [...]

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Senator claims Obama has cost TVA hundreds of millions of dollars

Associated Press — Thu, 16 May 2013 14:00:42 +0000

NORTH MISSISSIPPI — Sen. Lamar Alexander (R-Tenn.) says President Barack Obama’s plan to consider selling the Tennessee Valley Authority has already cost hundreds of millions of dollars — even if the nation’s largest public utility is never sold. The Tennessee Republican said TVA bonds lost about $500 million in value after the president’s announcement last [...]

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Panel rejects appeal in global warming/Katrina lawsuit

Associated Press — Wed, 15 May 2013 16:49:14 +0000

MISSISSIPPI GULF COAST — A federal appeals panel has upheld the dismissal of a lawsuit filed by a group of Mississippi Gulf Coast residents and landowners who alleged that emissions by energy companies contributed to global warming, which intensified Hurricane Katrina, which, in turn, damaged their property. In the lawsuit, the landowners sought compensatory and [...]

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Senator: Is federal bioenergy program undercutting foresters?

MBJ Staff — Mon, 13 May 2013 11:30:33 +0000

WASHINGTON — U.S. Sen. Thad Cochran (R-Miss.) is questioning whether a U.S. Department of Agriculture bio-based marketing program amounts to a bias against traditional forest products and whether such policies are fair. Cochran broached the topic at a Senate Agriculture Appropriations Subcommittee hearing to review the FY2014 budget request for the USDA. The USDA BioPreferred [...]

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Biotech group sends letter to Cochran urging mandatory funding

MBJ Staff — Fri, 10 May 2013 11:52:13 +0000

AROUND MISSISSIPPI — A group of Mississippi biotechnology companies and state associations have written Sen. Thad Cochran (R-Miss.), urging him to support mandatory funding for renewable energy programs in a new Farm Bill. Elevance Renewable Sciences of Natchez and DuPont Corporation, which has operations in Pass Christian and Pascagoula, sent the letter along with supporters [...]

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State leaders ask Washington for more offshore drilling

Associated Press — Mon, 06 May 2013 21:49:48 +0000

GULF OF MEXICO — Six coastal governors have called on Washington to open up more waters to offshore drilling and to make permitting a quicker, more efficient process. The governors of Texas, North Carolina, South Carolina, Alabama, Mississippi and Alaska spoke Monday at the Offshore Technology Conference in Houston. Officials from Louisiana and Virginia also [...]

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Town signs lease deal with biofuels company

Associated Press — Sun, 05 May 2013 18:38:37 +0000

GLOSTER — The town of Gloster has signed a lease with Drax Biomass International for its Amite BioEnergy wood pellet plant. The Enterprise-Journal reports that the 15-year lease calls for the company to pay the town $8,000 per year for the first 10 years and $9,000 for the next five. There are options to continue [...]

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Governor unveils Coast projects funded by BP money

Associated Press — Thu, 02 May 2013 23:52:49 +0000

MISSISSIPPI GULF COAST — BP PLC is paying $69 million for interactive exhibits at a Hancock County science center, a concrete pathway on the beach at Pascagoula, up to six miles of shoreline and improvements at a park as part of Mississippi Gulf Coast restoration from the Deepwater Horizon oil spill, Gov. Phil Bryant said. [...]

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