Posts Tagged ‘elecvtricity’

Governor signs Kemper plant-related bills into law

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 […] [...]

Entergy sees quarterly net income soar

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, […] [...]

T.L. Wallace wins infrastructure project at KiOR site

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 […] [...]

Entergy, ITC file spin-off request with PSC

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 […] [...]

Entergy: Isaac’s costs run $400M-$500M

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 […] [...]

Kemper plant headed back to court; gasifier installed

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 […] [...]

Southern Pine EPA suspends e-payments due to phishing scams

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 […] [...]

Fitch downgrades Mississippi Power after PSC blocks rate hike

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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