Posts Tagged ‘Florida’

FBI investigating Southaven mayor Greg Davis

JACKSON — The FBI has confirmed that it is investigating the mayor of Mississippi’s third largest city who was already ordered by state officials to pay more than $170,000 for travel, stress counseling and other personal expenses billed to taxpayers. >> SEE MBJ COLUMNIST NANCY ANDERSON’S COLUMN ON DAVIS Southaven Mayor Greg Davis had already […] [...]

Mallory carrying out 3-year-old agreement to retire as Cadence Bank CEO & chairman

By Ted Carter The early March closing of an acquisition by Houston banking investment company Community Bancorp LLC will mark the end of Cadence Financial Corp. Chairman & CEO Lewis Mallory Jr.’s 47 years with the Starkville-based regional bank. Mark Abernathy, Cadence’s president, is expected to be elected CEO and Paul B. Murphy Jr., Community […] [...]

Hancock shifting HQ to N.O. with Whitney merger

BY: Greg LaRose, Editor, City Business Hancock Bank will move its headquarters from Gulfport to New Orleans under Hancock’s merger acquisition of regional competitor Whitney National Bank in a $1.5 billion stock-for-stock transaction announced Wednesday. Hancock CEO Carl Chaney said that although the headquarters of the combined companies will be located in New Orleans, much […] [...]

Breaking: PSC eases Kemper restrictions

See related video. Today the Mississippi Public Service Commission passed another conditional approval of Mississippi Power Company’s $2.4 billion Kemper County clean coal plant, relaxing the financial restrictions imposed in its April order. (Read order.) The Commission raised the plant cost cap from $2.4 billion to $2.88 billion. The Commission also agreed to allow the […] [...]

Fla. tourism group runs ads to quell oil worries

Florida tourism officials are taking to the airwaves to try and combat worries over the Gulf of Mexico oil spill. The Florida Restaurant and Lodging Association is running radio advertisements across the U.S. that say "our coast is clean and our beaches are open." It’s also running a full-page ad in USA Today with a […] [...]

Commissioners: Law allowing utility to hide rate impact unfair

Two out of the three Mississippi Public Service Commissioners think a law that has allowed Mississippi Power Company to hide the rate impacts of its proposed $2.4 billion power plant is wrong. By law, a utility is allowed to file with the Commission any information it wants to keep confidential. To uncover the information, a […] [...]

Mississippi Power’s Kemper decision deadline extended

The Mississippi Public Service Commission voted last week to give Mississippi Power Company an extension on its deadline to accept the Commission’s conditions for the proposed $2.4 billion Kemper County clean coal plant. Public Service Commissioners Leonard Bentz, Lynn Posey and Brandon Presley voted unanimously to extend the deadline to May 26. The Commission’s April […] [...]

Bentz: The whole Kemper story is not getting told

For better or worse, the economic future for the next 40 years in southeastern Mississippi will be greatly impacted by the decision of Public Service Commissioner Leonard Bentz. Bentz is one of three members of the state Public Service Commission, which voted April 29 to conditionally approve Mississippi Power Company’s (MPC’s) $2.4-billion Kemper County clean […] [...]

Kemper Update: Mississippi Power files for rehearing

Mississippi Power Company has asked the state Public Service Commission for a rehearing regarding its proposed $2.4 billion Kemper County clean coal plant. The Commission gave conditional approval of the plant on April 29. The Commission said the project was too risky for ratepayers, but MPC could get the green light for Kemper by submitting […] [...]

PSC members: Politics played no part in Kemper plant decision

Baseload generation and the virtues of clean coal were not the only players on the roster as the Mississippi Public Service Commission weighed Mississippi Power Co.’s request to build a $2.4-billion coal-fired plant in Kemper County. The political tug-of-war between economic development interests and ratepayer protection got a lot of playing time, too. Commissioners voted […] [...]

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