Mississippi Business Journal » electric

Mississippi Power opposes energy-efficiency rules

Associated Press — Tue, 04 Jun 2013 21:41:37 +0000

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 [...]

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Fitch Ratings gives TVA bonds ‘negative’ outlook

MBJ Staff — Thu, 20 Dec 2012 19:03:36 +0000

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 [...]

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Entergy raising rates; cites storm, fuel costs, acquisitions

MBJ Staff — Thu, 20 Dec 2012 12:54:58 +0000

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 [...]

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Finger-pointing begins in Va. over GreenTech project

Associated Press — Mon, 17 Dec 2012 13:18:05 +0000

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 [...]

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Labor unions flip, throw support to Kemper power plant

Associated Press — Tue, 11 Dec 2012 17:47:23 +0000

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 [...]

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City awards tax exemptions to two companies

Associated Press — Mon, 10 Dec 2012 14:50:00 +0000

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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Entergy Mississippi executes agreement with MISO

MBJ Staff — Tue, 04 Dec 2012 16:06:11 +0000

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 [...]

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Company files with FERC to study river turbines

Associated Press — Thu, 25 Oct 2012 17:06:02 +0000

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 [...]

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Entergy files application with FERC for spin-off/merger

MBJ Staff — Thu, 27 Sep 2012 17:06:17 +0000

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 [...]

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Entergy Corp. amends as-reported earnings guidance

MBJ Staff — Wed, 18 Jul 2012 14:47:34 +0000

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 [...]

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