Posts Tagged ‘electric’

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

by Associated Press Published: December 11,2012

Tags: coal, electric, electricity, employer, employment, energy, environment, job, labor, pollution, power generation, union, utility, work, worker

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, [...] [...]

Entergy Mississippi executes agreement with MISO

JACKSON — Five Entergy utilities have taken a key step toward membership in a regional transmission organization via submission of the executed transmission owner agreement to the Midwest Independent Transmission System Operator, or MISO. The utilities – Entergy Mississippi Inc., Entergy Texas Inc., Entergy Louisiana, LLC, Entergy Gulf States Louisiana, LLC and Entergy New Orleans [...] [...]

Company files with FERC to study river turbines

MISSISSIPPI RIVER — A company continues to study the feasibility of putting power-generating turbines in the Mississippi River. Free Flow Power, a Boston-based company, has filed an application with the Federal Energy Regulatory Commission for a preliminary permit to study the feasibility of a hydropower project near Concordia Parish, La. Daniel Lissner with Free Flow [...] [...]

Entergy files application with FERC for spin-off/merger

NEW ORLEANS — ITC Holdings Corp. and Entergy Corporation have filed a joint application with the Federal Energy Regulatory Commission (FERC) seeking approval for Entergy’s utility operating companies to spin off and merge their electric transmission businesses into a subsidiary of ITC. Upon closing of the transaction, ITC will become one of the largest electric [...] [...]

Entergy Corp. amends as-reported earnings guidance

NEW ORLEANS — Entergy Corporation expects second quarter 2012 as-reported earnings of approximately $2.05 per share and operational earnings of approximately $2.10 per share. Results for second quarter 2011 were $1.76 per share on both an as-reported basis and an operational basis. Entergy also affirmed previously issued operational earnings guidance for 2012. As-reported results are [...] [...]

Entergy: Consultant’s report supports MISO membership

JACKSON — Entergy Mississippi Inc. says Mississippi stands to gain from a proposal by the utility to join a large regional transmission organization. This is according to a recent analysis by Mississippi Public Service Commission consultants Bates White, LLC, Entergy reports. The consulting firm was hired by the MPSC to provide an independent analysis of [...] [...]

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