Posts Tagged ‘cooperative’

GOP blasts President for looking to sell TVA

NORTH MISSISSIPPI — In a political role reversal, Republicans are blasting President Barack Obama’s plan to consider selling the Tennessee Valley Authority, an icon of the New Deal long targeted by conservatives as an example of government overreach. Obama’s 2014 budget proposal calls for a strategic review of the TVA, the nation’s largest public utility […] [...]

Refueling of nuclear reactor completed ahead of schedule

NORTH MISSISSIPPI — The Tennessee Valley Authority has refueled its Unit 2 reactor at the Sequoyah Nuclear Plant ahead of schedule. In a statement, TVA also said the refueling came in under budget. The reactor at the plant in Soddy-Daisy, Tenn., near Chattanooga, Tenn., was scheduled to be down for 90 days when the planned […] [...]

Fitch Ratings gives TVA bonds ‘negative’ outlook

NORTH MISSISSIPPI — Fitch Ratings has assigned an “AAA” rating to the $1-billion 2012 series B Tennessee Valley Authority (TVA) global power bonds. The bonds were priced Dec. 18, 2012. Proceeds from the 2012 series B bonds will be primarily used to refinance outstanding debt. In addition Fitch awarded a parity global power bond rating […] [...]

MISO board approves Entergy, SMEPA as new members

HATTIESBURG and JACKSON — MISO’s board of directors has approved seven new transmission-owning members, as well as a new transmission-planning portfolio. The additions include six Entergy utility operating companies, including Entergy Mississippi in Jackson, along with Hattiesburg-based South Mississippi Electric Power Association (SMEPA). Full integration of Entergy and SMEPA is planned for December 2013. [...]

TVA holding meeting to discuss new CEO’s authority

NORTH MISSISSIPPI — The Tennessee Valley Authority is expected to have a special meeting today to discuss delegating authority to the utility’s new chief executive until it fills several vacancies on its board. The board is made up of nine members and five seats are pending congressional action, including one that’s up for reappointment. Congress […] [...]

NRC wants more info from TVA on flood protection for reactors

NORTH MISSISSIPPI — Nuclear power plant regulators want more specific information from TVA on how the utility plans to protect reactors in case of severe flooding. According to the Chattanooga (Tenn.) Times Free Press, the Nuclear Regulatory Commission heard TVA’s flood plans and scheduled another meeting on Dec. 13, seeking more information. An NRC project […] [...]

Southern Pine to refund $2.5M in capital credits

by Published: November 13,2012

Tags: capital credit, cooperative, electricity, energy, power, refund, utility

TAYLORSVILLE — Southern Pine Electric Power Association has announced $2.5 million in capital credit refunds for the 2011 fiscal year. SPEPA general manager Donald L. Jordan says refund checks will be mailed starting in mid-December. Jordan says checks will be issued for amounts $25 and over. Customers getting less than $25 will receive a credit […] [...]

Commissioners give nod to co-op’s purchase of power plant

BATESVILLE and HATTIESBURG — The Mississippi Public Service Commission has approved the $286-million sale of bankrupt LSP Energy to South Mississippi Electric Power Association. Commissioners voted 3-0 yesterday to give Hattiesburg-based SMEPA the right to operate the natural gas-fired power station in Batesville. The order also gives SMEPA the right to acquire any rights of […] [...]

SMEPA to move forward on Kemper power plant deal

KEMPER COUNTY and HATTIESBURG — The South Mississippi Electric Power Association says it will go through with its planned purchase of 15 percent of a Kemper County power plant. The group, which generates and transmits power to 11 electric cooperatives in southern and western Mississippi, says it will pay $500 million for its share of […] [...]

County could lose millions if SMEPA buys power plant

BATESVILLE — Panola County could lose as much as $4.4 million in future property taxes if South Mississippi Electric Power Association succeeds in its bid for LSP Energy. South Mississippi Electric Power Association (SMEPA) has entered into a purchase agreement in federal bankruptcy court in Delaware to buy all assets of LSP Energy for $249 […] [...]

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