Posts Tagged ‘energy’

KiOR could owe state entire $69.4M debt plus interest

COLUMBUS — Mississippi has warned biofuel maker KiOR that it could demand immediate repayment of the company’s entire $69.4 million debt to the state, plus $8 million in interest, if the company doesn’t make its loan payment before a grace period runs out. Marlo Dorsey, a spokeswoman for the Mississippi Development Authority, said the state […] [...]

Deadline passes and state receives no payment from KiOR

COLUMBUS — Mississippi officials say they didn’t get any money from faltering biofuel firm KiOR on Friday, the deadline for the company to make a $1.9 million debt payment. KiOR, based in Pasadena, Texas, has a grace period of three business days to make the payment, so it wouldn’t officially break its agreement until midnight […] [...]

NRCS accepting applications from ag producers for EQUIP

JACKSON — The U.S. Department of Agriculture’s (USDA) Natural Resources Conservation Service (NRCS) is accepting applications to help producers improve water and air quality, build healthier soil, improve grazing and forest lands, conserve energy, enhance organic operations and achieve other environmental benefits. NRCS has directed millions of dollars in financial assistance for Fiscal Year 2015 […] [...]

Entergy agrees to cut $35M from its new rate plan

JACKSON — Entergy Corp. has agreed with Mississippi regulators to cut $35 million from the amount it is seeking from customers under a new rate plan, dropping the total to $14 million annually and setting the stage for the Public Service Commission to approve the plan by Dec. 9. Mississippi’s largest private utility also agreed […] [...]

Kemper County plant will cost at least another $496M to complete

KEMPER COUNTY — Southern Co. says it will cost at least another $496 million to finish the power plant it’s building in eastern Mississippi’s Kemper County, pushing the total cost above $6.1 billion. And, unlike other recent overruns, customers could have to pay $167 million of the charges if regulators agree. The Atlanta-based parent of […] [...]

BlueFire looks to China for financing of biofuel plant

FULTON — A California-based biofuel company says the Export Import Bank of China may loan up to $270 million to build a plant in Fulton. BlueFire Renewables Inc. of Irvine, California, says the bank has signed a letter of intent. The U.S. Department of Energy ended funding to BlueFire last year after disbursing $12 million […] [...]

Downtown the Sequel: Utilities consulting firm returning to CBD with Regions’ lease

by Published: October 27,2014

Tags: Business, energy, Mississippi, NEWS, utilities

Utility Management Corp. is returning to downtown Jackson after several years in Flowood. A utilities consulting firm and oil and gas broker, Utility Management had its offices in the 111 E. Capitol St. building from its inception in 1987 through 2009.  It will move into a 7,000 square-foot space on the 11th floor of Regions […] [...]

MSU researchers looking at safe handling of radioactive materials

STARKVILLE — If released in significant quantities, radioactive materials pose a potential threat to people and the environment. Now, new research at Mississippi State University is helping the nuclear industry ensure that radioactive materials continue to be safely contained and that standards of safety are continuously improved. MSU’s Institute for Clean Energy Technology (ICET) is […] [...]

Entergy expects drop in quarterly as-reported earnings compared to last year

NEW ORLEANS — Entergy Corporation expects third quarter 2014 as-reported earnings of approximately $1.26 per share and operational earnings of approximately $1.67 per share. Results for third quarter 2013 were $1.34 per share on an as-reported basis and $2.41 per share on an operational basis. The Utility posted another quarter-over-quarter of industrial sales growth, led […] [...]

Gulf oil and gas leases to go up for sale in March

GULF OF MEXICO — Oil and gas leases for 40 million acres off the coasts of Louisiana, Mississippi and Alabama will be offered by the federal government in a March sale at the Superdome in New Orleans, the Bureau of Ocean Energy Management said Friday. The sale will include approximately 7,611 blocks, covering 40.5 million […] [...]

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