Posts Tagged ‘electricity’

Entergy hands grid management to MISO

NEW ORLEANS — There’s a new traffic cop directing electricity flows to 2.8 million power customers in Louisiana, Arkansas, Mississippi and Texas. New Orleans-based Entergy Corp. handed over management of its grid late yesterday to the Midcontinent Independent Transmission System Operator. MISO, based in Carmel, Ind., already directed electricity movement in parts of 11 Midwestern […] [...]

Power plant lands $181M loan from USDA

BATESVILLE — The U. S. Department of Agriculture is providing a loan for work at an electric power generation facility in Panola County. The federal agency Friday announced in a news release that it is providing $181 million to the South Mississippi Electric Power Association. The money will be used to purchase two natural gas-fired […] [...]

PSC unanimously rejects Entergy-ITC proposed merger

JACKSON — Mississippi utility regulators have unanimously rejected a merger proposal by Entergy Corp. and ITC Holdings Corp., saying the deal could have meant a $300-million rate increase for Mississippi customers over 30 years. “We respect Entergy’s desire to improve its organizational effectiveness, but the commission was not persuaded the transfer of ownership would be […] [...]

Summer rains mean lower TVA power bills

NORTH MISSISSIPPI — The Tennessee Valley Authority says an unusually wet summer has translated into lower electric bills for customers. John McCormick, Tennessee Valley Authority’s vice president for river operations, said in a statement that the rain kept the utility’s hydroelectric dams, which provide the cheapest source of energy, working overdrive. Scott Brooks, a Nashville-based […] [...]

City mulling plan to use waste for electricity, water purification

OXFORD — The city Oxford is exploring a partnership using municipal sewage to generate electricity while purifying wastewater. The Northeast Mississippi Daily Journal reports that the city is looking at a proposal from Synergy-World Energy LLC and Langenburg Technologies LLC. Public Works director Bart Robinson says the company will pull organic materials from the city’s […] [...]

TVA makes tax equivalent payments to governments of $547M

by Associated Press Published: November 20,2013

Tags: electricity, energy, power, tax eqivalent payment, Tennessee Valley Authority

KNOXVILLE, Tenn. — The Tennessee Valley Authority says it provided $547 million in tax equivalent payments in fiscal year 2013 to states and local governments where it sells electricity or has power properties. TVA says it makes tax equivalent payments annually in the eight states where it sells electricity or owns generating plants, transmission lines, […] [...]

Mississippi Power asks for rate hike to meet fuel costs

GULFPORT — Mississippi Power Co. says it needs to charge more in 2014 for fuel as part of its yearly rate evaluation. The unit of Atlanta-based Southern Co., in a filing with the Mississippi Public Service Commission, says it wants to raise rates by 3.35 percent. For residential customers, bills would go up 2.66 percent […] [...]

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 […] [...]

Southern Pine issuing $2.5M in capital credits to members

TAYLORSVILLE — Southern Pine Electric Power Association will return to its members $2.5 million in capital credits for the 2012 fiscal year. Southern Pine general manager Donald L. Jordan says members who are owed $50 or more will begin receiving checks in December. Those owed less than $50 will receive a credit to their account. […] [...]

BBB issues alert involving Mississippi Power scam

ACROSS MISSISSIPPI — The Mississippi chapter of the Better Business Bureau (BBB) BBB is warning of a utility scam targeting Mississippi Power customers. John O’Hara, president and CEO of BBB Mississippi, reports that these type of scams will move from utility company to utility company and spread throughout our state. These scams will also move […] [...]

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