Posts Tagged ‘energy’

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 […] [...]

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 […] [...]

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