Posts Tagged ‘regulator’

Two BancorpSouth mergers delayed by federal inquiries

TUPELO — BancorpSouth Inc. has extended its merger agreements with Ouachita Bancshares Corp. and Central Community Corporation. BancorpSouth, Ouachita Bancshares Corp. and Central Community Corporation have determined additional time will be required to obtain regulatory approvals and to satisfy closing conditions necessary to complete their respective mergers.  They have extended their respective merger agreements to […] [...]

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 […] [...]

Southern Co. faces questions in Georgia related to Kemper plant

KEMPER COUNTY — A decision to absorb losses on an over-budget power plant in Mississippi may haunt Southern Co. now that it wants regulators to raise its budget for a costly nuclear power plant in Georgia. Southern Co. executives fielded hostile questions today during their first testimony before utility regulators since announcing the firm could […] [...]

Regulators opposing Entergy’s spinoff to ITC

NEW ORLEANS — Opposition continues to grow among state regulators to Entergy Corp.’s plans to spin off its transmission system to ITC Holdings Corp. Regulators say customers would pay hundreds of millions of dollars more to maintain high-voltage wires in Arkansas, Louisiana, Mississippi and Texas while receiving mostly fuzzy benefits. Staff members in the states […] [...]

Commission approves sale of Ameristar to Pinnacle

JACKSON — The Mississippi Gaming Commission has unanimously approved the Pinnacle Entertainment’s proposed acquisition of Ameristar Casinos. According to a release from Pinnacle, completion of the transaction remains subject to the receipt of additional required regulatory approvals and customary closing conditions. “Ameristar Casino Hotel Vicksburg is a terrific addition to our portfolio and nicely complements […] [...]

Presley introduces rule aimed at aiding domestic violence victims

JACKSON — Public Service Commissioner Brandon Presley has proposed a new rule aimed at giving victims of domestic violence a financial means to escape dangerous homes. The rule, which is modeled after similar measures in Louisiana and Texas, requires Mississippi utilities to waive initial deposits for customers who have been determined to be a victim […] [...]

Federal regulator orders limo company to cease interstate service

OXFORD — The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) has ordered Carbo Limo of Oxford, LLC to immediately cease it s interstate passenger service. This follows a finding by a team of specially trained investigators that the Oxford-based company’s two motor coaches used for its interstate operations were unsafe and that drivers […] [...]

Trustmark gets approval to acquire Alabama bank

JACKSON — Trustmark Corporation and Mobile, Ala.-based BancTrust Financial Group Inc. has received full regulatory approval in connection with the proposed merger of BancTrust into Trustmark. Subject to customary closing conditions contained in the merger agreement, the transaction is expected to be effective as of the close of business Feb. 15. “We look forward to […] [...]

Casino officials want tougher facility regulations

JACKSON — Mississippi regulators want new casinos to be sturdier and gambling space larger with better restaurants and hotels. And the Mississippi Gaming Commission is ready to put the new requirements in writing. The Sun Herald reports the Gaming Commission is accepting written comments on the regulations. Commission executive director Allen Godfrey says depending on […] [...]

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