Mississippi Business Journal » utility

Senator claims Obama has cost TVA hundreds of millions of dollars

Associated Press — Thu, 16 May 2013 14:00:42 +0000

NORTH MISSISSIPPI — Sen. Lamar Alexander (R-Tenn.) says President Barack Obama’s plan to consider selling the Tennessee Valley Authority has already cost hundreds of millions of dollars — even if the nation’s largest public utility is never sold. The Tennessee Republican said TVA bonds lost about $500 million in value after the president’s announcement last [...]

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PSC has no authority over rural water system

Associated Press — Sun, 28 Apr 2013 23:20:13 +0000

JACKSON — Legislation that Gov. Phil Bryant has signed into law clarifies that the three-member elected Public Service Commission does not have authority over rural water associations. Bryant signed Senate Bill 2322 this week. The Northeast Mississippi Daily Journal reports the bill includes an amendment by Rep. Jerry Turner, R-Baldwyn, to require the rural water associations’ [...]

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Southern’s earnings impacted by increased Kemper plant cost

MBJ Staff — Thu, 25 Apr 2013 12:27:43 +0000

ATLANTA — Southern Company, the parent of Mississippi Power Co., reports first quarter 2013 earnings of $81 million, or 9 cents a share, compared with earnings of $368 million, or 42 cents a share, in the first quarter of 2012. The first quarter results include two charges against earnings – a $333-million (38 cents per [...]

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TVA names DayBrite Innovator of the Year

MBJ Staff — Wed, 24 Apr 2013 12:13:50 +0000

TUPELO — The Tennessee Valley Authority has honored regional businesses, local power distributors and other local leaders for exceptional leadership and participation in TVA’s Green Power Switch renewable energy program in 2012. Green Power Switch Leadership Awards were presented in 13 categories in a special ceremony in Gatlinburg, Tenn. Launched in 2000, Green Power Switch [...]

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Cooperative raising rates due to Kemper plant costs

Associated Press — Thu, 18 Apr 2013 16:41:20 +0000

MERIDIAN — East Mississippi Electric Power Association is raising rates for some customers because of higher wholesale power rates charged by Mississippi Power Co. to cover the costs of its Kemper County power plant. The Meridian-based electric cooperative says customers in Lauderdale, Clarke, Newton, Wayne and Jasper counties will see power rates rise by 9.3 [...]

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Entergy Corporation gives earnings guidance

MBJ Staff — Thu, 18 Apr 2013 12:38:26 +0000

NEW ORLEANS — Entergy Corporation expects first quarter 2013 as-reported earnings of approximately $0.89 per share and operational earnings of approximately $0.93 per share. Results for first quarter 2012 were a loss of $0.86 per share on an as-reported basis and earnings of $0.44 per share on an operational basis. Entergy also affirmed previously issued [...]

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GOP blasts President for looking to sell TVA

Associated Press — Tue, 16 Apr 2013 12:35:49 +0000

NORTH MISSISSIPPI — In a political role reversal, Republicans are blasting President Barack Obama’s plan to consider selling the Tennessee Valley Authority, an icon of the New Deal long targeted by conservatives as an example of government overreach. Obama’s 2014 budget proposal calls for a strategic review of the TVA, the nation’s largest public utility [...]

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Commissioner wants review of utility metering following school issue

MBJ Staff — Thu, 11 Apr 2013 12:48:25 +0000

JACKSON— Northern District Public Service Commissioner Brandon Presley is requesting a formal review of Mississippi’s electric utilities’ metering policies and procedures. The Public Utilities Staff will work in conjunction with Commission staff to conduct the review, which will cover both investor owned utilities and electric power associations, according to a release from Presley’s office. Over [...]

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Commissioners want more info on gas utility’s plan

Associated Press — Wed, 10 Apr 2013 11:54:24 +0000

JACKSON — Regulators want to look again at an Atmos Energy Corp. plan to raise connection charges and cut rates for natural gas. The Mississippi Public Service Commission voted for more study, with commissioners expressing concerns about raising bills for people who use little natural gas in summer. Dallas-based Atmos wants to raise monthly connection [...]

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Entergy repaying school $1.2M-plus for years of overbilling

Associated Press — Tue, 09 Apr 2013 12:18:50 +0000

HERNANDO — Entergy Mississippi is reimbursing Hernando High School $1,230,313.55 for over a decade of high electricity bills, according to Public Service Commissioner Brandon Presley. From September 2001 to July 2012, Entergy over billed the school for electricity usage for an amount just under a million dollars, a press release from Presley’s office states. At [...]

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