Posts Tagged ‘energy’

Worker dies in oil rig accident in Southwest Mississippi

BROOKHAVEN — A Brookhaven man has died in a work-related accident on an oil rig in Lincoln County. County Coroner Clay McMorris says 22-year-old Chase D. Curtice was working on the rig Monday when he was struck by a pipe. The accident occurred about 9:30 p.m. about two miles northeast of Brookhaven. Curtice was taken […] [...]

Kemper County plant’s costs continue to rise; completion delayed again

KEMPER COUNTY — Southern Co. said yesterday that it will cost at least another $59 million to finish the power plant it’s building in eastern Mississippi’s Kemper County, pushing the total cost above $5.6 billion. The Atlanta-based parent of Mississippi Power Co. also announced that the work on the parts of the plant that will […] [...]

4-County Electric gets smart grid product from ACS

COLUMBUS — 4-County Electric Power has reached an agreement with Association Advanced Control Systems (ACS), a global provider of smart grid solutions, to install ACS’ PRISM SCADA system to better serve the cooperative’s 46,000 members in eastern Mississippi. “We selected ACS based upon their longevity, stability and their successful history of serving electrical cooperatives with […] [...]

Judge: Businesses shouldn’t repay oil spill settlement money

NEW ORLEANS — A federal judge has ruled that BP must stand by the agreement made with the companies it compensated for losses after the 2010 Gulf oil spill despite the oil giant saying some claims were overestimated. BP argued that a flawed funding formula enabled nearly 800 businesses to overestimate their spill-related claims. One […] [...]

Brandon Presley re-elected as president of Entergy Regional State Committee

by Published: September 24,2014

Tags: Business, energy, Entergy, Mississippi, NEWS, Newsmakers

Public Service Commissioner Brandon Presley has been re-elected as president of the Entergy Regional State Committee (E-RSC), a board consisting of utility regulators from Mississippi, Arkansas, Texas, Louisiana and the City of New Orleans with a mission of improving reliability and cost-savings within the Entergy electric system. Presley has served as president of the committee […] [...]

Barbier to hear arguments over repayment of oil spill settlement money

by Published: September 24,2014

Tags: bench, BP, Carl Barbier, court, energy, judghe, justice, law, legal, oil spill, settlement

NEW ORLEANS — The federal judge for Gulf of Mexico oil spill cases was set to hear arguments today about whether BP PLC should get back hundreds of millions of dollars from businesses that got settlement payments between August 2012 and October 2013. The oil company says that’s only fair because Judge Carl Barbier found […] [...]

State’s universities save $70M over eight years through energy efficiencies

AROUND MISSISSIPPI — The state’s public universities have saved $70 million over the past eight years through efforts to reduce energy consumption and increase energy efficiency, according to a report made recently to the Board of Trustees of the Institutions of Higher Learning. “Many hands were involved in creating these cost savings and they are […] [...]

PSC approves rate hike for Mississippi River Gas

FLOWOOD — Natural gas rates are going up for customers of Mississippi River Gas, LLC. The Flowood-based company serves almost 3,300 customers around Port Gibson, Fayette, Bogue Chitto, Tchula and Natchez. The Mississippi Public Service Commission approved the rate increases earlier this month. Customers will now have to pay a basic charge of $9 a […] [...]

Fitch gives Mississippi Power a negative outlook due to Kemper plant

GULFPORT — Fitch Ratings has affirmed the issuer default rating (IDR) and security ratings for Southern Company, and has affirmed the IDRs and debt ratings for Southern Company’s subsidiaries. The rating outlook for all of the subsidiaries is stable, except for Mississippi Power, which remains negative. Fitch wrote: “The key near-term uncertainty at Mississippi Power […] [...]

Callon Petroleum stock sale for acquisitions raises $122M

NATCHEZ — Callon Petroleum Co. has raised $122 million from a stock sale, with plans to use the proceeds to pay for new oil and gas properties it plans to buy in the Permian Basin of west Texas. The Natchez-based company announced it has sold 14.38 million shares at $9 per share, paying about $7 […] [...]

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