Posts Tagged ‘energy’

Southern Pine to cut capital credit refund checks

TAYLORSVILLE — Southern Pine Electric Power Association has announced $3.5 million in capital credit refunds for the 2013 fiscal year. SPEPA general manager Donald L. Jordan says members will be reimbursed through credits on their accounts beginning in December. The amount of the credits is based on the amount of electricity each member used in […] [...]

Barbier reaffirms ‘gross negligence’ ruling against BP for oil spill

GULF OF MEXICO — A federal judge in New Orleans is sticking to his ruling that said BP’s conduct in the 2010 Gulf of Mexico oil rig disaster amounted to “gross negligence.” It could mean close to $18 billion in federal penalties for the oil giant. U.S. District Judge Carl Barbier yesterday rejected BP’s call […] [...]

Judge refuses to dismiss oil spill settlement administrator

NEW ORLEANS — BP’s call for the ouster of the administrator of damage settlement claims arising from the 2010 Gulf of Mexico oil spill was rejected yesterday by a federal judge. BP lawyers had said Patrick Juneau should be removed for a variety of reasons, among them that he had a conflict of interest because […] [...]

KiOR intends to find buyer for bankrupt plant

KiOR Inc., a biofuels manufacturer, is seeking bankruptcy reorganization, though its Columbus facility was left out of the filing, giving rise to hopes that a buyer may be found for it. KiOR said in its Chapter 11 filing Sunday night in the U.S. Bankruptcy Court in Delaware that it does intend to find a buyer […] [...]

Ergon to restart the ethanol facility in Vicksburg

by Published: November 10,2014

Tags: Business, energy, Ergon, Mississippi, VICKSBURG

Ergon BioFuels LLC, a subsidiary of Flowood-based Ergon, Inc., announced Monday plans to restart the ethanol facility in Vicksburg in May. With nearly 60 million gallons of annual production capacity, Ergon BioFuels is one of the largest ethanol producers in the Southeast. The facility will purchase feedstock from local suppliers, providing substantial new market opportunities for […] [...]

KiOR files for bankruptcy, but Columbus plant isn’t included

COLUMBUS — Biofuel maker KiOR Inc. has filed for bankruptcy, although its Mississippi subsidiary has not, preserving the chance that its Columbus plant could be sold quickly. The company, based in Pasadena, Texas, filed for Chapter 11 bankruptcy protection late Sunday in U.S. Bankruptcy Court in Delaware, where it’s incorporated. KiOR defaulted on a loan from […] [...]

KiOR misses debt payment, Miss. doesn’t foreclose

JACKSON — Biofuel maker KiOR has missed its deadline for a $1.8 million loan payment to the state of Mississippi at midnight Wednesday, but instead of legal action, what has immediately followed is waiting. The state has not moved to foreclose, and the Pasadena, Texas, company has not declared bankruptcy. The wait could mean a […] [...]

Amite, Wilkinson plan to use treated sewage to spur fracking operations

Officials of Amite and Wilkinson counties are preparing a plan for a water district they say will enhance hydraulic fracturing operations in their region while generating dollars for sorely needed road and bridge maintenance. A central feature of the plan: Pipe five million gallons of treated sewage daily from McComb, Liberty, Gloster and other Southwest […] [...]

Appeals panel rules that BP is responsible for oil spill damages

NEW ORLEANS — A federal appeals court panel has re-affirmed its ruling that BP is liable for federal Clean Water Act damages stemming from the 2010 Gulf of Mexico oil spill. The three-judge panel of the 5th U.S. Circuit Court of Appeals rejected arguments that there were errors in its June 4 ruling. BP and […] [...]

Entergy’s earnings miss Wall Street’s expectations

NEW ORLEANS — Entergy Corp. today reported third-quarter earnings of $230 million. The New Orleans-based company said it had profit of $1.27 per share. Earnings, adjusted for non-recurring costs, came to $1.68 per share. The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings […] [...]

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