Posts Tagged ‘power’

Lockheed partners with TVA in energy efficiency programs

NORTH MISSISSIPPI — Lockheed Martin is partnering with the Tennessee Valley Authority (TVA) to administer commercial and industrial energy efficiency programs aimed at keeping energy costs low for consumers across the Southeast. Lockheed Martin will supply program management, engineering and operations services to TVA and local power companies to deliver energy more efficiently. “Lockheed Martin’s […] [...]

Southern Co.: Kemper plant construction cost could grow by $40M

KEMPER COUNTY — The Southern Co. says it may cost another $40 million to finish the $5-billion-plus power plant and mine it’s building in eastern Mississippi’s Kemper County. The Atlanta-based parent of Mississippi Power Co. said yesterday that it would set aside money in the plant’s budget to cover possible start-up problems. Critics have warned […] [...]

Entergy lowers expectations due to Vermont plant closing

NEW ORLEANS — Entergy expects its fourth-quarter net income to drop, hurt by the cost of closing its Vermont Yankee Nuclear Power Station. Wall Street expected a steeper profit decline. Entergy plans to shut down the Vermont Yankee plant at the end of 2014. Additionally, in December the company agreed to pay $10 million for […] [...]

TVA, emergency officials braced for another arctic blast

NORTH MISSISSIPPI — The Tennessee Valley Authority is once again preparing for colder-than-normal temperatures that will create greater demands on its electric system. TVA reports its power system “remains secure and stable at this time, and steps are being taken to keep it that way.” On Monday, TVA issued an internal “Conservative Operation Alert,” which […] [...]

Hood wants Entergy case heard in state court

JACKSON — Attorney General Jim Hood is asking a federal court to send the state of Mississippi’s lawsuit against Entergy back to state court. In its recent ruling in Mississippi ex rel. Hood v. AU Optronics Corp., the U.S. Supreme Court unanimously agreed with Hood’s argument that cases brought by attorneys general to enforce their […] [...]

TVA sees second-highest winter peak power demand

NORTH MISSISSIPPI — The Tennessee Valley Authority power system passed a critical demand period early yesterday from the bitter cold wave and electricity use is coming down. TVA’s power system reached a preliminary peak power demand of 32,460 megawatts at 9 a.m. EST yesterday with the Valley’s average temperature at 4 degrees. This is the […] [...]

Power plant lands $181M loan from USDA

BATESVILLE — The U. S. Department of Agriculture is providing a loan for work at an electric power generation facility in Panola County. The federal agency Friday announced in a news release that it is providing $181 million to the South Mississippi Electric Power Association. The money will be used to purchase two natural gas-fired […] [...]

PSC unanimously rejects Entergy-ITC proposed merger

JACKSON — Mississippi utility regulators have unanimously rejected a merger proposal by Entergy Corp. and ITC Holdings Corp., saying the deal could have meant a $300-million rate increase for Mississippi customers over 30 years. “We respect Entergy’s desire to improve its organizational effectiveness, but the commission was not persuaded the transfer of ownership would be […] [...]

Summer rains mean lower TVA power bills

NORTH MISSISSIPPI — The Tennessee Valley Authority says an unusually wet summer has translated into lower electric bills for customers. John McCormick, Tennessee Valley Authority’s vice president for river operations, said in a statement that the rain kept the utility’s hydroelectric dams, which provide the cheapest source of energy, working overdrive. Scott Brooks, a Nashville-based […] [...]

TVA makes tax equivalent payments to governments of $547M

KNOXVILLE, Tenn. — The Tennessee Valley Authority says it provided $547 million in tax equivalent payments in fiscal year 2013 to states and local governments where it sells electricity or has power properties. TVA says it makes tax equivalent payments annually in the eight states where it sells electricity or owns generating plants, transmission lines, […] [...]

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