Posts Tagged ‘energy’

MEI tour aims at landing chemical manufacturers

JACKSON — The Mississippi Energy Institute, partnering with the Mississippi Development Authority and seven local economic development organizations, recently led a tour from the Gulf Coast to the Delta evaluating potential sites for chemical manufacturing facilities. The MEI-led tour signaled the start of a marketing effort the organization hopes will lead to chemical manufacturing companies […] [...]

Following Commerce ruling, Stion ramping up production

HATTIESBURG — Stion, a manufacturer of high-efficiency thin-film solar modules and provider of photovoltaic solar solutions, will increase manufacturing capacity of its next-generation Elevation Series CIGS solar modules for the second half of 2014, and continue to ramp up for increased 2015 demand precipitated by the news of the U.S. Department of Commerce’s preliminary tariffs […] [...]

Entergy wants PSC to approve overhaul of entire rate structure

JACKSON — Entergy Corp. officials tell The Associated Press they will ask Mississippi regulators to overhaul the power provider’s entire rate structure in a proposal that would generated an estimated $49 million increase in annual revenue. The rate overhaul would be the company’s first in 12 years. Entergy Mississippi CEO Haley Fisackerly tells The Associated […] [...]

Oil exploration company gets $400M from private equity firm

WILKINSON COUNTY — A private equity firm will invest up to $400 million to support efforts by Houston-based Halcón Resources Corp to drill for oil on the 314,000 acres that Halcón has leased in the Tuscaloosa Marine Shale of southwest Mississippi and southeast Louisiana. Halcón said yesterday that it would sell $150 million in preferred […] [...]

Chevron completes $1.4B base oil facility

PASCAGOULA — Chevron Corp.’s Pascagoula Refinery says construction on a new $1.4 billion base oil facility is complete. The Sun Herald reports the company expects to reach full production capability by midsummer. The oils are used to make lubricants, motor oils, hand cleaners, agricultural sprays and greases. “At that time, we’ll be considered the largest […] [...]

Senators write letter, call for withdrawing of EPA regulations

WASHINGTON — U.S. Sens. Thad Cochran, R-Miss., and Roger Wicker, R-Miss., have signed a letter along with 39 other senators calling on President Obama to withdraw the recently announced Environmental Protection Agency’s (EPA) rule to regulate carbon dioxide emissions from existing power plants. “Mississippians will be forced to pay for another Obama environmental rule that […] [...]

Judge: Owners of Macondo well cannot avoid oil spill fines

NEW ORLEANS — The owners of the blown-out Macondo well cannot avoid federal fines for the 2010 oil spill by blaming another company’s failed equipment, a federal appeals court ruled yesterday. The oil came from a well owned by BP and Anadarko Petroleum Corp., so they are liable, the 5th U.S. Circuit Court of Appeals […] [...]

PSC passes anti-nuclear waste storage resolution

JACKSON — The Public Service Commission has become the first state agency to go on record to oppose storage of the nation’s nuclear waste in Mississippi, according to Northern District Commissioner Brandon Presley. With a unanimous vote, the Commission passed a resolution calling on the federal government to cease consideration of any area in the […] [...]

EPA wants deep cut in state’s carbon emissions from power plants

WASHINGTON — The federal government is proposing that Mississippi’s carbon dioxide emissions from power plants be 38 percent lower by year 2030 compared to 2005. The U.S. Environmental Protection Agency announced specific targets for all states today as part of the Obama administration’s effort to reduce carbon dioxide emissions nationwide. Mississippi’s 2012 carbon emission rate […] [...]

BP ordered to resume oil spill payments as Court reviews settlement

NEW ORLEANS — BP PLC must resume paying claims while it asks the U.S. Supreme Court to review its settlement with businesses over the 2010 Gulf of Mexico oil spill, a federal appeals court panel said yesterday. The 2-1 judgment said the 5th U.S. Circuit Court of Appeals will not put a stop to payments […] [...]

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