Posts Tagged ‘utility’

Southern Pine to cut capital credit refund checks

TAYLORSVILLE — Southern Pine Electric Power Association has announced $3.5 million in capital credit refunds for the 2013 fiscal year. SPEPA general manager Donald L. Jordan says members will be reimbursed through credits on their accounts beginning in December. The amount of the credits is based on the amount of electricity each member used in […] [...]

Entergy’s earnings miss Wall Street’s expectations

NEW ORLEANS — Entergy Corp. today reported third-quarter earnings of $230 million. The New Orleans-based company said it had profit of $1.27 per share. Earnings, adjusted for non-recurring costs, came to $1.68 per share. The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings […] [...]

Water association sues PSC over waiver for domestic violence victims

JACKSON — The Mississippi Rural Water Association has sued the state Public Service Commission in federal court, claiming the commission overstepped its authority and conflicted with federal law when it required a 60-day delay in utility deposits for domestic violence victims. The suit was filed in U.S. District Court in Jackson by the association, which […] [...]

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 […] [...]

BlueFire looks to China for financing of biofuel plant

FULTON — A California-based biofuel company says the Export Import Bank of China may loan up to $270 million to build a plant in Fulton. BlueFire Renewables Inc. of Irvine, California, says the bank has signed a letter of intent. The U.S. Department of Energy ended funding to BlueFire last year after disbursing $12 million […] [...]

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 […] [...]

USM reports $10M-plus in savings from energy-efficiency efforts

HATTIESBURG — The University of Southern Mississippi has undertaken significant changes in energy consumption and efficiency that have resulted in a savings of more than $10 million since 2009, according to USM. Facilities across the Hattiesburg campus — including those designated for academics, athletics, residence life and dining — continue to be examined to determine […] [...]

PSC approves rate hike for Mississippi River Gas

FLOWOOD — Natural gas rates are going up for customers of Mississippi River Gas, LLC. The Flowood-based company serves almost 3,300 customers around Port Gibson, Fayette, Bogue Chitto, Tchula and Natchez. The Mississippi Public Service Commission approved the rate increases earlier this month. Customers will now have to pay a basic charge of $9 a […] [...]

TVA lowering Pickwick reservoir to inspect dam due to earthquake concerns

NORTHEAST MISSISSIPPI — The Tennessee Valley Authority is lowering the water level at Pickwick Landing Reservoir to test the soundness of the dam there. According to the utility, a recent dam inspection showed the possibility that an earthen portion of the dam could be damaged by a large earthquake. The reservoir is located about 120 […] [...]

PSC approves waiver of utility deposits for domestic violence victims

JACKSON — Mississippi regulators have approved a plan to let victims of domestic violence delay paying utility deposits for 60 days as a way to help victims move away from abusers even if they don’t have enough money to pay deposits. The Public Service Commission voted 3-0 yesterday to approve the waiver, a month after […] [...]

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