Posts Tagged ‘power’

TVA retiring coal-fired power plant; to build gas-burning facility

MEMPHIS, Tenn. — The Tennessee Valley Authority board of directors today approved replacing the Allen Fossil Plant in Memphis, Tennessee, with a natural gas plant. Following an environmental review that received comments from more than 1,500 people, the board agreed to retire the 55-year-old coal plant and replace it with a 2-on-1, combined-cycle gas plant. […] [...]

Kemper power plant goes online burning natural gas

KEMPER COUNTY — Mississippi Power Co. says a key part of its $5.5 billion Kemper County power plant is operational. The unit of Atlanta-based Southern Co. announced yesterday that it has put three power generating turbines into commercial operation burning natural gas piped to the east Mississippi plant. It comes even as Mississippi Power completes […] [...]

TVA cutting 2,000-plus jobs in massive cost-saving effort

CHATTANOOGA, Tenn. — The nation’s largest public utility is eliminating more than 2,000 jobs as part of a $500 million cost-cutting campaign. The Chattanooga Times Free Press reports the Tennessee Valley Authority is making the cuts this year to pare expenses and make electric rates in the Tennessee Valley more competitive with neighboring utilities. Most […] [...]

PSC delays Kemper power plant hearing; Blanton files motion

JACKSON  — The Mississippi Public Service Commission today delayed hearings on whether Mississippi Power Co. has spent prudently in building the $5.5 billion Kemper County power plant. Prudency hearings are a key step in the company collecting from its 186,000 ratepayers to pay for the plant, even though rates have already risen 18 percent. The […] [...]

Mississippi Power, Sierra Club reach settlement in Kemper plant case

KEMPER COUNTY — Mississippi Power will convert from coal to natural gas or retire several units at plants in south Mississippi and Greene County, Alabama, as part of an agreement to end litigation over construction of a coal-fired power plant in Kemper County. The company and the Sierra Club announced yesterday that they are ending […] [...]

Entergy expects increase in as-reported, operational earnings

NEW ORLEANS — Entergy Corporation expects second quarter 2014 as-reported earnings of approximately $1.04 per share and operational earnings of approximately $1.10 per share. Results for second quarter 2013 were $0.92 per share on an as-reported basis and $1.01 per share on an operational basis. The increase in earnings reflected top line growth, particularly at […] [...]

Lab ranks TVA in top 10 in green power revenue

NORTH MISSISSIPPI — The Tennessee Valley Authority is one of the top 10 utilities for green power sales. The U.S. Department of Energy’s National Renewable Energy Laboratory ranked TVA at number nine nationally for 2013. In addition, the city of Oak Ridge was designated the U.S. Environmental Protection Agency’s first Green Power Community in the […] [...]

TVA launches initiative to study small power-producing sites

NORTH MISSISSIPPI — The Tennessee Valley Authority is studying the value of electricity produced from small, dispersed sites, such as solar, wind or small gas turbine installations. According to a news release from the utility, the initiative will develop methods to set the value of distributed generation to the electric grid and the value of […] [...]

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 […] [...]

Entergy bills to rise; PSC approves rate hike

JACKSON — Entergy Corp. customers in Mississippi will pay about 5 percent more over 2014′s second half, as the company recoups higher natural gas fuel costs. The increase was approved unanimously today by the Mississippi Public Service Commission. Electricity bills will go up by $5.58 a month, from July through December, for residential customers using […] [...]

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