Posts Tagged ‘power’

Company scraps plans to put turbines in river

by Associated Press Published: October 18,2013

Tags: electricity, Free Flow Power, lake, Mississippi River, power, Robert Crear, turbine

VICKSBURG — A company has dropped plans to sink power-generating turbines in the Mississippi River. Retired Brig. Gen. Robert Crear has told a Vicksburg civic club that Free Flow Power will place the turbines on existing dams, such as recreational lakes maintained by the U.S. Army Corps of Engineers. Crear is a member of the […] [...]

PSC asking for more information on Kemper coal plant

KEMPER COUNTY — Regulators say Mississippi Power Co. needs to submit more evidence that it has spent money prudently on the power plant it’s building in Kemper County. The state Public Service Commission voted 3-0 yesterday to require more information from Mississippi Power on the $4.75 billion it is spending to build the coal-fueled power […] [...]

TVA saw record year for hydroelectric power generation

by Associated Press Published: October 4,2013

Tags: Chip Pardee, electricity, energy, hydroelectric, power, power generation, rain, Tennessee Valley Authority, utility, Weather

NORTH MISSISSIPPI — The Tennessee Valley Authority says fiscal 2013 was a record year for hydroelectric power generation. During the year ended Monday, TVA’s 29 hydroelectric dams provided 18.5 million megawatt-hours of energy. That’s enough electricity to serve more than 1.2 million homes in TVA’s seven-state region. TVA attributes the record to above-average precipitation. Rainfall […] [...]

Kemper plant will not meet construction schedule

KEMPER COUNTY — Mississippi Power Co. says its Kemper County power plant won’t be finished by the original May 2014 deadline, but will start service sometime later that year. The unit of Atlanta-based Southern Co. will have to repay $133 million in federal tax credits it received with the condition of meeting the May deadline. […] [...]

Mississippi Power to account for repayment if Kemper plant construction runs long

KEMPER COUNTY — If Mississippi Power Co. misses a May deadline to complete construction of a $4.3-billion power plant in Kemper County, it will be forced to repay $133 million in federal tax credits. However, the company says that because of accounting rules, it wouldn’t write the amount off from profit and wouldn’t add it […] [...]

Entergy-ITC merger back on after refiling in Texas

NEW ORLEANS — Entergy Corp. and ITC Holdings Corp. have refiled their merger application in Texas, indicating the companies believe they can go forward without restructuring their overall merger agreement. The companies are pushing for Texas to make a decision by Dec. 19, and say they will ask regulators in other states to restart consideration. […] [...]

Presley pushing to block MEI payment by Mississippi Power customers

JACKSON — Public Service Commissioner Brandon Presley is pushing to have $45,000 paid by Mississippi Power Company for membership to the Mississippi Energy Institute, a group recently promoting nuclear waste storage in Mississippi, excluded from payment by electric customers on the Gulf Coast. Presley raised the issue yesterday in the Commission’s regular business meeting in […] [...]

Still no new filings in Entergy-ITC merger

JACKSON — Almost a month after Entergy Corp. and ITC Holdings Corp. withdrew their merger application in Texas, they haven’t refiled. Since then, Louisiana, Arkansas and Mississippi have delayed consideration of the merger. “We’re wanting to see where Texas goes on this,” said Eric Skrmetta, chairman of the Louisiana Public Service Commission. Observers say the […] [...]

Mississippi Power CEO talks about rate hike for Kemper plant

KEMPER COUNTY — Mississippi Power Co. CEO Ed Holland has told a Mississippi newspaper that if a 22 percent rate hike is approved to pay for its Kemper County power plant, the company won’t try to hit up customers for more. Holland told The Clarion Ledger in a meeting yesterday that shareholders will eat hundreds […] [...]

Demand waning, TVA won’t ask to raise loan limit

by Associated Press Published: September 3,2013

Tags: borrowing cap, Congress, demand, electricity, energy, federal governmwnt, loan, power, Tennessee Valley Authority, utility

NORTH MISSISSIPPI — The Tennessee Valley Authority won’t ask Congress to raise its borrowing cap for at least the next 10 years. The Chattanooga Times Free Press reports that the federal utility says it anticipates being able to reduce its net borrowing in the next two years and reduce its debt over a decade by […] [...]

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