Posts Tagged ‘demand’

TVA loses $67M in first quarter of 2014

KNOXVILLE, Tenn. ― The Tennessee Valley Authority reports that operating expenses declined and its bottom line results improved in the first quarter of fiscal year 2014 compared with the same quarter a year ago. “Our efforts to keep rates low and reliability high for our customers by working more efficiently helped to offset lower sales […] [...]

TVA, emergency officials braced for another arctic blast

NORTH MISSISSIPPI — The Tennessee Valley Authority is once again preparing for colder-than-normal temperatures that will create greater demands on its electric system. TVA reports its power system “remains secure and stable at this time, and steps are being taken to keep it that way.” On Monday, TVA issued an internal “Conservative Operation Alert,” which […] [...]

TVA reports increase in net income despite lower demand

KNOXVILLE, Tenn. ― The Tennessee Valley Authority reports that the public-owned utility ended fiscal 2013 with net income of $271 million on $11 billion in operating revenues despite a decline in sales, while record levels of low-cost hydroelectric generation helped offset higher fuel costs. TVA president and CEO Bill Johnson said, “We experienced lower demand […] [...]

Agents arrest ex-park employee for embezzlement

GREENVILLE — State Auditor Stacey Pickering reports special agents have arrested Yvette Yeager, a former employee of the Greenville Parks and Recreation Department, following a one count indictment of embezzlement. Over a five-year period from October 2007-September 2012, Yeager is charged with embezzling $85,155.65 from the City of Greenville. As the Parks Commission director, Yeager was […] [...]

Executive: Parts suppliers struggling to meet new-car demand

ACROSS MISSISSIPPI — The rising demand for new cars is creating a problem for parts suppliers — and that, in turn, could hurt the growth of car plants in Mississippi, a trade association official says. Many suppliers already are running near full capacity, J. Scot Sharland, executive director of the Detroit-based Automotive Industry Action Group, […] [...]

Ex-coroner gets demand for nearly $400K; PERS alerted

UNION COUNTY — State Auditor Stacey Pickering says special agents have served a demand to former Union County coroner Mark Golding in the amount of $398,418.83. The Auditor’s Office began an investigation on Golding May 28 and determined that Golding submitted false claims, totaling $276,591.56, to the Union County Board of Supervisors requesting fees for […] [...]

Demand waning, TVA won’t ask to raise loan limit

by Associated Press Published: September 3,2013

Tags: borrowing cap, Congress, demand, electricity, energy, federal governmwnt, loan, power, Tennessee Valley Authority, utility

NORTH MISSISSIPPI — The Tennessee Valley Authority won’t ask Congress to raise its borrowing cap for at least the next 10 years. The Chattanooga Times Free Press reports that the federal utility says it anticipates being able to reduce its net borrowing in the next two years and reduce its debt over a decade by […] [...]

Sanderson outperforms Wall Street forecast

LAUREL — Sanderson Farms Inc. said today that its fiscal second-quarter net income rose 2 percent thanks to higher demand for poultry products. Its performance topped Wall Street’s view. Shares climbed in premarket trading. The poultry company earned $24.4 million, or $1.06 per share, for the three months ended April 30. That’s up from $23.9 […] [...]

LNG facility hoping to begin exporting natural gas

by Associated Press Published: May 21,2013

Tags: demand, energy, export, exporter, exporting, gas, import, importer, importing, liquid natural gas, natural gas, supply

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 […] [...]

Tire executives say plant needed to meet global demand

WEST POINT — Executives with Yokohama Rubber Co. Ltd. say they will build a new tire plant in Mississippi because they see a global supply shortage for tires. State and company officials gathered Monday at the Ritz Theater & Conference Center in West Point to celebrate the company’s plans to build a factory. Later, Gov. […] [...]

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