by Associated Press Published: February 27,2013
Tags: bill, coal, construction, elecvtricity, energy, generation, law, lawmaker, legislation, legislator, Legislature, plant, state government, utility
KEMPER COUNTY — Gov. Phil Bryant signed two bills into law yesterday, codifying a settlement between the Public Service Commission and Mississippi Power Co. over the company’s Kemper County power plant. Mississippi Power, a unit of Atlanta-based Southern Co., filed for a seven-year-rate plan as contemplated under one of the laws less than two hours [...] [...]
by Associated Press Published: February 8,2013
Tags: distribution, elecvtricity, energy, financial statement, generation, net income, power, publicly traded company, tax, utility
NEW ORLEANS — Electric power company Entergy Corp.’s fourth-quarter net income nearly doubled helped by lower income tax expenses. The New Orleans-based utility earned $296.3 million, or $1.66 per share, in the three months ended Dec. 31, up from $154.1 million, or 87 cents per share, in the same quarter last year. Excluding one-time items, [...] [...]
by Associated Press Published: December 5,2012
Tags: bioenergy, construction, contract, contractor, county, elecvtricity, energy, fuel, government, green, infrastructure, manufacture, manufacturer, manufacturing, power, production, REFINERY, sewer, sustainable
NATCHEZ — Adams County supervisors have approved a $522,673 to relocate a sewer line on the former Belwood County Club property, the future site of KiOR’s Natchez alternative fuel production facility. The Natchez Democrat reports the contract went to T.L. Wallace Construction. Board Attorney Scott Slover said the bid was approximately $180,000 below the county’s [...] [...]
by MBJ Staff Published: October 9,2012
Tags: acquisition, approval, elecvtricity, energy, light, lighting, merger, power, purchase, request, sale, sell, spin-off, state agency, utility
JACKSON — Entergy Mississippi Inc., in conjunction with ITC Holdings Corp. and ITC Midsouth LLC, has filed a request with the Mississippi Public Service Commission to spin off the Mississippi electric transmission business and merge it into a subsidiary of ITC. The Mississippi filing continues the multi-state and federal regulatory process seeking approval for the [...] [...]
by MBJ Staff Published: September 18,2012
Tags: COST, damage, disaster, distribution, elecvtricity, energy, flood, flooding, hurricane, light, line, loss, natural disaster, pole, power, rain, recovery, storm surge, tornado, tropical storm, tropical weather, utility, wind
NEW ORLEANS — Entergy Corporation has released an update on preliminary financial effects, liquidity resources and recovery initiatives after Hurricane Isaac. Total restoration costs for the repair and/or replacement of the electrical facilities in areas with damage from Isaac are estimated to be in the range of $400 million-$500 million. Each utility company is responsible [...] [...]
by Associated Press Published: September 13,2012
Tags: bench, coal, construction, court, decision, ecosystem, elecvtricity, energy, environment, gasifier, judge, judicial, judiciary, law, legal, pollution, power, ruling
KEMPER COUNTY — Opponents will return to court tomorrow seeking to again invalidate state regulators’ decision to allow Mississippi Power Co. to build a $2.8 billion power plant in Kemper County. The Sierra Club and other opponents of the plant want Harrison County Chancellor Jim Persons to rule that the new permission granted by the [...] [...]
by Associated Press Published: July 9,2012
Tags: cooperative, elecvtricity, elecvtronic payment, energy, identifity theft, phishing, power, scam, scheme, steal, stealing, thief, utility
TAYLORSVILLE — A rural electricity cooperative in Mississippi has stopped taking electronic checks because so many of its customers have been scammed by people or websites claiming to represent the utility. The Clarion-Ledger reports that Southern Pine Electric Power Association isn’t the only utility being impersonated by “phishing” scams. Attorney general’s spokeswoman Jan Schaefer says [...] [...]
by MBJ Staff Published: July 3,2012
Tags: credit, credit rating, debt, debt rating, downgrade, electric distribution, electric generation, elecvtricity, energy, power, Power plant, rate hike, ratepayer, state agency, utility
GULFPORT — Fitch Ratings has downgraded the Issuer Default Rating (IDR) of Mississippi Power Company (Mississippi Power) to “A-“ from “A” and revised the Rating Outlook to “negative” from “stable.” Fitch wrote: “The downgrade is driven by the recent Mississippi Public Service Commission (MPSC) order to deny Mississippi Power’s revenue increase request to earn a [...] [...]
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