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Archive for the ‘ENERGY – Market Sector’ Category

PSC review of Pontotoc Gas System results in reduced bills

by Associated Press Published: May 18,2012

Tags: energy, gas, natural gas, overcharging, raterpayers, state agency, utilities, utility bills

PONTOTOC — Customers of Pontotoc Gas System will see their bills drop after a Mississippi Public Service Commission review found them too high. Starting immediately, residential rates will decrease from $9.56 per million metric British thermal units (mmbtu) to $7.14 per mmbtu. The utility wasn’t intentionally overcharging customers, said Pontotoc Mayor Jeff Stafford. It had [...] [...]

Man gets prison for oil-spill fraud

GULFPORT — A 28-year-old Gulfport man has been sentenced to prison for 37 months and ordered to make restitution of $27,000 for fraud involving an oil-spill recovery claim. Moses W. Keys was sentenced Wednesday. U.S. District Judge Louis Guirola Jr. also ordered three years of probation. Keys had received an emergency check for $23,200 on [...] [...]

TVA: Lack of rainfall negatively imacting hydroelectric generation

by MBJ Staff Published: May 17,2012

Tags: drought, electricity, energy, generation, hydroelectric, reservoirs, utilities, Weather

NORTH MISSISSIPPI — The Tennessee Valley Authority says a lack of rainfall has hydroelectric generation running 12 percent below normal. Hydro is TVA’s cheapest source of electricity, but accounts for only about 8 percent of the power the federal utility produces. The lower water level in the reservoirs might have more effect on recreation, including [...] [...]

TVA increasing its fuel adjustment charge in June

by Associated Press Published: May 15,2012

Tags: electiricty, energy, fuel adjustment, utilities, utility bills

NORTH MISSISSIPPI — The Tennessee Valley Authority is increasing its fuel adjustment charge by 0.7 percent in June. According to the Chattanooga (Tenn.) Times Free Press, a typical household power bill will rise 80 cents for the same amount of use. TVA spokesman Scott Brooks said the mild winter that was beneficial to customers allowed [...] [...]

Lower river allows Lexaria to begin early work on oil wells

by MBJ Staff Published: May 13,2012

Tags: energy, exploration, flooding, floods, fuel, gas, Oil, oil wells, petroleum, river, Weather

MISSISSIPPI DELTA — Lexaria Corp reports it has a rig is on-site at the Belmont Lake Oilfield near Clarksdale to perform workovers on the 12-1 and 12-3 wells. The Mississippi River has fallen below flood-stage earlier this spring than it has during the last several years, and as a result field access has already been [...] [...]

Natural gas vehicles, like the Toyota Prius, face the chicken-and-egg syndrome

While the push is under way in some states to provide roadside battery-charging for the thousands of electric cars on the highways, another alternative, the natural-gas-powered vehicle, mostly sits idle. Anyone who has watched television in the past decade knows about the Chevy Volt and hybrids like the Ford Fusion or the Toyota Prius. But [...] [...]

Entergy warns utility customers of billing scam

by Associated Press Published: May 11,2012

Tags: Barack Obama, energy, Entergy, Haley Fisackerly, Mississippi, Mississippi Business Journal

JACKSON — Entergy Corp. is warning utility customers not to fall for a scam where people claim President Barack Obama is providing credits or payments toward bills. The company says more than 2,000 customers, mainly in Louisiana but also in Texas, have been affected. No instances have been reported in Mississippi and Arkansas, but Entergy [...] [...]

Grand Gulf refueling taking longer than expected

VICKSBURG — Refueling Grand Gulf Nuclear Station has taken longer than plant officials said a year ago, and officials now aren’t saying when it will be completed. The Claiborne County plant shut down Feb. 19 to refuel the boiling-water reactor and increase its generating capacity by 13 percent. Entergy Nuclear spokeswoman Suzanne Anderson says that [...] [...]

TVA to cut positions due to slumping sales, looming expenses

by Associated Press Published: May 6,2012

Tags: electricity, employment, energy, expenses, jobs, layoffs, sales, unemployment, utilities, Weather, workers

NORTH MISSISSIPPI — The Tennessee Valley Authority will seek to cut less than 1,000 positions as it faces a drop in electricity sales driven by an unusually warm winter and looming expenses, including an over-budget effort to finish building a nuclear reactor in Tennessee. TVA officials reported that the electricity supplier brought in roughly $5.2 [...] [...]

Independent monitor: Kemper contingency 91 percent gone

Included in the April 24 order granting a new certificate of public convenience and necessity for Mississippi Power Co.’s Kemper County coal plant was a portion of the March report from the project’s independent monitors. The report, which monitors file monthly, said that 91 percent of the company’s contingency has been allocated, with the project [...] [...]

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