Posts Tagged ‘energy’

Presley pressing utilities to extend small business incentives

JACKSON — In a series of letters sent to the heads of major Mississippi electric and natural gas utilities, Public Service Commissioner Brandon Presley is calling for the companies to extend the sign-up periods for new small businesses who want to take advantage of the companies’ small business incentive programs. Some utilities’ programs are set […] [...]

Horizon Energy sees 300 percent production increase from Texas well

GULFPORT — Horizon Energy Corporation’s workover and stimulation operation at the Holmes Oil Unit Number 1 in Cherokee County, Texas, has increased production 300 percent since the beginning of the project. “This operation is still coming out of initial production and we are very encouraged at the prospects going forward,” said Robert Bludorn, president and […] [...]

Chevron U.S.A.’s base oil facility begins production

PASCAGOULA — Chevron Corporation (NYSE:CVX) subsidiary Chevron U.S.A. Inc. has begun commercial production of premium base oils from a newly constructed manufacturing facility at the company’s Pascagoula refinery. Base oils produced at Pascagoula will add to capacity from the company’s refinery in Richmond, California, and a joint venture facility in Yeosu, Korea, approximately doubling Chevron’s […] [...]

Mississippi Power conducts successful tests at Kemper plant

KEMPER COUNTY — Workers at Mississippi Power’s Kemper County energy facility successfully reached two major testing milestones: testing of the combined cycle unit and pressure testing of both gasifiers. The successful completion of the tests is an indication of continued progress on putting both pieces of equipment into service. Recent testing of the combined cycle […] [...]

Entergy expects increase in as-reported, operational earnings

NEW ORLEANS — Entergy Corporation expects second quarter 2014 as-reported earnings of approximately $1.04 per share and operational earnings of approximately $1.10 per share. Results for second quarter 2013 were $0.92 per share on an as-reported basis and $1.01 per share on an operational basis. The increase in earnings reflected top line growth, particularly at […] [...]

Lab ranks TVA in top 10 in green power revenue

NORTH MISSISSIPPI — The Tennessee Valley Authority is one of the top 10 utilities for green power sales. The U.S. Department of Energy’s National Renewable Energy Laboratory ranked TVA at number nine nationally for 2013. In addition, the city of Oak Ridge was designated the U.S. Environmental Protection Agency’s first Green Power Community in the […] [...]

Hattiesburg group has doubts about future of solar roads, highways

SPOKANE, Washington — The solar panels that Idaho inventor Scott Brusaw has built aren’t meant for rooftops. They are meant for roads, driveways, parking lots, bike trails and, eventually, highways. Brusaw, an electrical engineer, says the hexagon-shaped panels can withstand the wear and tear that comes from inclement weather and vehicles, big and small, to generate […] [...]

KiOR retains investment bank to explore sale or restructuring

COLUMBUS — Struggling biofuel maker KiOR, deeply in debt to the state of Mississippi and others, says it has hired an investment bank to try to sell or restructure the company. KiOR, based in Pasadena, Texas, announced it had hired Guggenheim Partners in a yesterday stock filing. KiOR’s cash level is unclear, but the company […] [...]

KiOR hires investment bank to explore sale

by Published: July 10,2014

Tags: Business, energy, Khosla, KIOR, Mississippi

JACKSON, Mississippi — Struggling biofuel maker KiOR, deeply in debt to the state of Mississippi and others, says it has hired an investment bank to try to sell or restructure the company. KiOR, based in Pasadena, Texas, announced it had hired Guggenheim Partners in a Wednesday stock filing. KiOR’s cash level is unclear, but the company […] [...]

MDA grants KiOR forbearance after biofuels maker defaults on payment

by Published: July 10,2014

Tags: Business, energy, Khosla, KIOR, Mississippi

In a sign that biofuel maker KiOR Inc.’s money troubles aren’t letting up, the start-up company will make a $250,000 forbearance payment to the Mississippi Development Authority in exchange for 120 days to get current on its nearly $70 million debt to the MDA. KiOR defaulted on a $1.87 million payment that was scheduled for […] [...]

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