Posts Tagged ‘electric’

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 […] [...]

Virginia GOP attacks former GreenTech chairman in heated governors race

TUNICA — New developments in a federal investigation of a program that offers U.S. visas to foreign investors have Virginia Republicans attacking Democratic gubernatorial nominee Terry McAuliffe and the electric-car firm he headed with a plant in Mississippi and ties to China. The Associated Press reported yesterday that President Barack Obama’s pick for the Homeland […] [...]

Irby expands presence in Arkansas with new facility

JACKSON — Irby, a subsidiary of Sonepar USA, has officially opened it new facility in El Dorado, Ark. This new facility comes one year after Irby expanded its footprint in Arkansas with the acquisition of Treadway Electric. The addition of the El Dorado branch gives Irby 11 locations throughout the state of Arkansas. “The expansion […] [...]

PSC passes new energy efficient rules for utilities

JACKSON — The Mississippi Public Service Commission has unanimously passed new energy efficiency rules that will apply to electric and natural gas providers in Mississippi. According to a press release from Public Service Commissioner Brandon Presley, the new rules have an estimated $2 billion savings directly to customers over the next 20 years and create […] [...]

Mississippi Power opposes energy-efficiency rules

ACROSS MISSISSIPPI — A number of utilities and consumer groups say they support proposed rules that would require Mississippi electric and gas utilities to implement programs to save energy. However, Mississippi Power Co. says it opposes the rules because bills could rise for customers who don’t make homes or businesses more efficient. The Public Service […] [...]

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 […] [...]

Entergy raising rates; cites storm, fuel costs, acquisitions

JACKSON — Entergy Mississippi customers will see a rate increase of about 5 percent in early 2013, according to the utility. The typical residential customer using 1,000 kWh will pay $95.63 in January and $99.71 in February. For comparison, in February 2012, the typical customer paid $95.08 per 1,000 kWh of electricity. “Electricity rates are […] [...]

Finger-pointing begins in Va. over GreenTech project

HORN LAKE and TUNICA — An electric car firm headed by Virginia Democratic gubernatorial candidate Terry McAuliffe never provided Virginia officials enough details to obtain economic development incentives, according to an Associated Press review of state records. McAuliffe claimed in a Dec. 5 news conference that the Virginia Economic Development Partnership didn’t want to bid […] [...]

Labor unions flip, throw support to Kemper power plant

KEMPER COUNTY — In exchange for the promise of 1,000 jobs, a group of labor unions is throwing its support behind Mississippi Power Co.’s Kemper County coal plant. The unions had most recently opposed the plant because contractors for Atlanta-based Southern Co. were excluding union members from the $2.8 billion project, which currently employs 2,600 […] [...]

City awards tax exemptions to two companies

OLIVE BRANCH — Two companies have requested and received tax exemptions from Olive Branch city government in preparation for moving into sites along the Polk Lane corridor. The Commercial Appeal reports Milwaukee Electric Tool, which announced early this year that it would move to another site within the city to expand, and Millstone Medical Outsouring, […] [...]

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