Posts Tagged ‘electricity’

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 […] [...]

Entergy reports decreased profit; gives 2014 forecast

NEW ORLEANS — Entergy Corp. said day that its third-quarter profit fell 29 percent on higher costs, and it gave a 2014 forecast with midpoint below analysts’ expectations. Shares of the power generating and distribution company fell $2.05, or 3 percent, to close at $66.06. Net income fell to $239.9 million, or $1.34 per share, […] [...]

Price tag for Kemper plant grows by another $150M

KEMPER COUNTY — Mississippi Power Co. says the expected cost of the power plant it’s building in Kemper County has risen another $150 million because of schedule delays. That pushes the total cost of the plant, a coal mine and associated pipelines to almost $5 billion. The complex was originally projected to cost about $2.8 […] [...]

Company scraps plans to put turbines in river

VICKSBURG — A company has dropped plans to sink power-generating turbines in the Mississippi River. Retired Brig. Gen. Robert Crear has told a Vicksburg civic club that Free Flow Power will place the turbines on existing dams, such as recreational lakes maintained by the U.S. Army Corps of Engineers. Crear is a member of the […] [...]

PSC asking for more information on Kemper coal plant

KEMPER COUNTY — Regulators say Mississippi Power Co. needs to submit more evidence that it has spent money prudently on the power plant it’s building in Kemper County. The state Public Service Commission voted 3-0 yesterday to require more information from Mississippi Power on the $4.75 billion it is spending to build the coal-fueled power […] [...]

TVA recovers $42M toward $1B ash spill cleanup

NORTHEAST MISSISSIPPI — About $42 million has been recovered in the last week by the Tennessee Valley Authority to help pay for more than $1 billion in expenses stemming from the cleanup at the 2008 ash spill at the Kingston Fossil Plant in Tennessee. The latest payment comes after an arbitrator ruled that one of […] [...]

TVA saw record year for hydroelectric power generation

NORTH MISSISSIPPI — The Tennessee Valley Authority says fiscal 2013 was a record year for hydroelectric power generation. During the year ended Monday, TVA’s 29 hydroelectric dams provided 18.5 million megawatt-hours of energy. That’s enough electricity to serve more than 1.2 million homes in TVA’s seven-state region. TVA attributes the record to above-average precipitation. Rainfall […] [...]

Kemper plant will not meet construction schedule

KEMPER COUNTY — Mississippi Power Co. says its Kemper County power plant won’t be finished by the original May 2014 deadline, but will start service sometime later that year. The unit of Atlanta-based Southern Co. will have to repay $133 million in federal tax credits it received with the condition of meeting the May deadline. […] [...]

Mississippi Power to account for repayment if Kemper plant construction runs long

KEMPER COUNTY — If Mississippi Power Co. misses a May deadline to complete construction of a $4.3-billion power plant in Kemper County, it will be forced to repay $133 million in federal tax credits. However, the company says that because of accounting rules, it wouldn’t write the amount off from profit and wouldn’t add it […] [...]

« Previous Page Next Page »

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments