Posts Tagged ‘utility’

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 […] [...]

Mississippi Power asks for rate hike to meet fuel costs

GULFPORT — Mississippi Power Co. says it needs to charge more in 2014 for fuel as part of its yearly rate evaluation. The unit of Atlanta-based Southern Co., in a filing with the Mississippi Public Service Commission, says it wants to raise rates by 3.35 percent. For residential customers, bills would go up 2.66 percent […] [...]

Atmos releases results, gives 2014 earnings guidance

DALLAS — Atmos Energy Corporation (NYSE: ATO) has released its consolidated results for its 2013 fiscal year and fourth quarter ended Sept. 30. Fiscal 2013 consolidated net income, excluding net unrealized margins and a gain on sale, was $232.6 million, or $2.53 per diluted share, compared with consolidated net income of $211.4 million, or $2.31 per […] [...]

BBB issues alert involving Mississippi Power scam

ACROSS MISSISSIPPI — The Mississippi chapter of the Better Business Bureau (BBB) BBB is warning of a utility scam targeting Mississippi Power customers. John O’Hara, president and CEO of BBB Mississippi, reports that these type of scams will move from utility company to utility company and spread throughout our state. These scams will also move […] [...]

Entergy reports decreased profit; gives 2014 forecast

NEW ORLEANS — Entergy Corp. said day that its third-quarter profit fell 29 percent on higher costs, and it gave a 2014 forecast with midpoint below analysts’ expectations. Shares of the power generating and distribution company fell $2.05, or 3 percent, to close at $66.06. Net income fell to $239.9 million, or $1.34 per share, […] [...]

Presley wants waiver on utility deposits for domestic violence victims

JACKSON — Public Service Commissioner Brandon Presley is proposing a 60-day waiver on utility deposits for victims of domestic abuse. Presley, who represents Mississippi’s Northern District on the three-member PSC, said the measure is intended to provide financial relief that would make it easier to get out of dangerous situations. The measure is modeled after […] [...]

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 recovers $42M toward $1B ash spill cleanup

NORTHEAST MISSISSIPPI — About $42 million has been recovered in the last week by the Tennessee Valley Authority to help pay for more than $1 billion in expenses stemming from the cleanup at the 2008 ash spill at the Kingston Fossil Plant in Tennessee. The latest payment comes after an arbitrator ruled that one of […] [...]

TVA saw record year for hydroelectric power generation

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. […] [...]

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