Posts Tagged ‘electricity’

Entergy sees big drop in quarterly as-reported earnings

NEW ORLEANS — Entergy Corporation reported fourth quarter 2013 as-reported earnings of $146.9 million, or 82 cents per share, compared with $296.3 million, or $1.66 per share, for fourth quarter 2012. On an operational basis, Entergy’s fourth quarter 2013 earnings were $179.3 million, or $1.00 per share, compared with $307.0 million, or $1.72 per share, […] [...]

Entergy crews head to Arkansas to help restore power

JACKSON — A revised forecast calling for additional icing in central and northern Arkansas has Entergy Arkansas calling for help. And Entergy Mississippi crews are answering that call. Some 63 restoration workers — 38 from Entergy Mississippi and 25 contract crews — plus support teams left central Mississippi and northern Mississippi around noon yesterday to […] [...]

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 […] [...]

Entergy Corp. board declares quarterly dividend

NEW ORLEANS — The board of directors of Entergy Corporation has declared a quarterly dividend of 83 cents per common share. The payment date is March 3, 2014, to stockholders of record on Feb. 13, 2014. Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns […] [...]

Lockheed partners with TVA in energy efficiency programs

NORTH MISSISSIPPI — Lockheed Martin is partnering with the Tennessee Valley Authority (TVA) to administer commercial and industrial energy efficiency programs aimed at keeping energy costs low for consumers across the Southeast. Lockheed Martin will supply program management, engineering and operations services to TVA and local power companies to deliver energy more efficiently. “Lockheed Martin’s […] [...]

Southern Co.: Kemper plant construction cost could grow by $40M

KEMPER COUNTY — The Southern Co. says it may cost another $40 million to finish the $5-billion-plus power plant and mine it’s building in eastern Mississippi’s Kemper County. The Atlanta-based parent of Mississippi Power Co. said yesterday that it would set aside money in the plant’s budget to cover possible start-up problems. Critics have warned […] [...]

Entergy lowers expectations due to Vermont plant closing

NEW ORLEANS — Entergy expects its fourth-quarter net income to drop, hurt by the cost of closing its Vermont Yankee Nuclear Power Station. Wall Street expected a steeper profit decline. Entergy plans to shut down the Vermont Yankee plant at the end of 2014. Additionally, in December the company agreed to pay $10 million for […] [...]

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 […] [...]

Hood wants Entergy case heard in state court

JACKSON — Attorney General Jim Hood is asking a federal court to send the state of Mississippi’s lawsuit against Entergy back to state court. In its recent ruling in Mississippi ex rel. Hood v. AU Optronics Corp., the U.S. Supreme Court unanimously agreed with Hood’s argument that cases brought by attorneys general to enforce their […] [...]

Presley: Utilty rate incentives extended

JACKSON — Public Service Commissioner Brandon Presley reports an extension through 2014, and in some instances beyond 2014, of utility rate incentives aimed at Mississippi small businesses. To date, the incentives have helped over 1,100 Mississippi small businesses save more than $400,000 in utility costs, according to Presley. The Small Business Rate Incentive first proposed […] [...]

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