Posts Tagged ‘power’

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 […] [...]

PSC sticks to order allowing domestic violence victims to delay utility deposits

JACKSON — The Mississippi Public Service Commission won’t reconsider its order to let victims of domestic violence delay paying utility deposits for 60 days, setting up a possible legal showdown over the regulator’s authority over rural water association and electrical cooperatives. The commission voted 3-0 yesterday to deny a request from rural water associations and […] [...]

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 […] [...]

Entergy Mississippi unveils energy-efficiency, cost-cutting programs

JACKSON — Entergy Mississippi is launching a number of programs designed to help improve energy efficiency and save money on bills. “The Mississippi Public Service Commission wanted utilities to create more opportunities for customers to save money on their electric bills through energy efficiency,” said Haley Fisackerly, Entergy Mississippi president and CEO. “Entergy Solutions is […] [...]

Kemper County plant’s costs continue to rise; completion delayed again

KEMPER COUNTY — Southern Co. said yesterday that it will cost at least another $59 million to finish the power plant it’s building in eastern Mississippi’s Kemper County, pushing the total cost above $5.6 billion. The Atlanta-based parent of Mississippi Power Co. also announced that the work on the parts of the plant that will […] [...]

4-County Electric gets smart grid product from ACS

COLUMBUS — 4-County Electric Power has reached an agreement with Association Advanced Control Systems (ACS), a global provider of smart grid solutions, to install ACS’ PRISM SCADA system to better serve the cooperative’s 46,000 members in eastern Mississippi. “We selected ACS based upon their longevity, stability and their successful history of serving electrical cooperatives with […] [...]

State’s universities save $70M over eight years through energy efficiencies

AROUND MISSISSIPPI — The state’s public universities have saved $70 million over the past eight years through efforts to reduce energy consumption and increase energy efficiency, according to a report made recently to the Board of Trustees of the Institutions of Higher Learning. “Many hands were involved in creating these cost savings and they are […] [...]

Fitch gives Mississippi Power a negative outlook due to Kemper plant

GULFPORT — Fitch Ratings has affirmed the issuer default rating (IDR) and security ratings for Southern Company, and has affirmed the IDRs and debt ratings for Southern Company’s subsidiaries. The rating outlook for all of the subsidiaries is stable, except for Mississippi Power, which remains negative. Fitch wrote: “The key near-term uncertainty at Mississippi Power […] [...]

Entergy again makes top 10 for economic development efforts

NEW ORLEANS — For the seventh consecutive year, Entergy Corporation has been named one of the nation’s top 10 utilities in economic development for 2013 by Site Selection magazine. The company was chosen for its efforts to help attract nearly $21 billion in projects, which could result in as many as 9,200 jobs across its […] [...]

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