Posts Tagged ‘cooperative’

TVA names DayBrite Innovator of the Year

TUPELO — The Tennessee Valley Authority has honored regional businesses, local power distributors and other local leaders for exceptional leadership and participation in TVA’s Green Power Switch renewable energy program in 2012. Green Power Switch Leadership Awards were presented in 13 categories in a special ceremony in Gatlinburg, Tenn. Launched in 2000, Green Power Switch […] [...]

Cooperative raising rates due to Kemper plant costs

MERIDIAN — East Mississippi Electric Power Association is raising rates for some customers because of higher wholesale power rates charged by Mississippi Power Co. to cover the costs of its Kemper County power plant. The Meridian-based electric cooperative says customers in Lauderdale, Clarke, Newton, Wayne and Jasper counties will see power rates rise by 9.3 […] [...]

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 […] [...]

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