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Co-ops, PSC hammer out compromise legislation on net metering

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By JACK WEATHERLY  Electric power associations in Mississippi have decided not to appeal the Public Service Commission’s new net-metering rule. Instead, the South Mississippi Electric Power Association and the Electric Power Associations of Mississippi have worked with the commission to fashion compromise legislation to settle their differences with the rule rather than taking the matter to the state Supreme Court. ...

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Company’s solar facility set to begin generating electricity

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GREENWOOD — Those driving along Stribling Avenue during recent weeks may have noticed the construction of several hundred solar panels behind the offices of Delta Electric Power Association. The nearly completed facility is a joint project between the cooperative and its power supplier, Hattiesburg-based South Mississippi Electric (SME), said David O’Bryan, Delta Electric’s general manager. SME is a conglomerate made ...

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US stocks open higher as oil rebounds, banks rise

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U.S. stocks opened higher, seeking their first gain this week, as beaten-down energy and financial companies rebounded. Banks rose Friday after Deutsche Bank offered to buy more than $5 billion in bonds. Its shares were up 9 percent. JP Morgan Chase was up 5 percent. Oil jumped 6 percent, helping to lift energy company shares. Drilling company Transocean was up ...

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Oil and gas companies lead an early decline in stocks

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NEW YORK — Stocks were solidly lower in early trading Monday, as the price of oil took another tumble amid renewed concerns about the Chinese and U.S. economies. KEEPING SCORE: The Dow Jones industrial average lost 96 points, or 0.6 percent, to 16,369 as of 10:13 a.m. Eastern. The Standard & Poor’s 500 index lost 11 points, or 0.6 percent, to ...

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UPDATE: PSC rejects reconsidering net-metering rule

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By JACK WEATHERLY The Mississippi Public Service Commission had a month to enjoy the fruits of it five years of labor in producing a net-metering rule, which allows customers to produce power by rooftop solar panels and sell it to utilities. Mississippi became the 45th state to pass such a rule. Then the returns came in. Four filers  asked the ...

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US stocks rise as energy stocks bounce back from big loss

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NEW YORK — U.S. stocks are climbing Thursday, led by big gains in energy companies as the prices of crude oil and natural gas recover from steep plunges the day before. Telecom stocks also rose after Verizon reported strong fourth-quarter results. KEEPING SCORE: The Dow Jones industrial average added 146 points, or 0.9 percent, to 15,912 as of 11:23 a.m. Eastern ...

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Stocks plunge along with price of oil; Dow off 500 points

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NEW YORK  — Another plunge in the price of crude oil sent the stock market sharply lower. Oil and gas companies led the way down Wednesday as sliding oil prices threatened even more damage to the battered energy sector. Chevron fell 7 percent, the most in the Dow Jones industrial average. The price of U.S. crude oil sank 7 percent ...

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Entergy, Mississippi Power bills to be cut

Customers of two of Mississippi’s largest utilities will see lower bills in February, but regulators will re-examine natural gas costs to see if bills should fall further. The Mississippi Public Service Commission voted Tuesday to approve lower fuel costs for both Entergy Mississippi and Mississippi Power Co. Bills for Entergy customers will fall $88 million overall. Residential customers who use ...

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Biloxi casinos, businesses will pay more for utilities

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BILOXI — Proposed water and sewer rates for casinos and other top users in the city will jump 54 percent over the next five years under a plan proposed by Mayor Andrew “FoFo” Gilich. The Sun Herald reports rates for seniors and the 89 percent of customers who use less than 8,000 gallons of water a month will stay where ...

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Extreme weather poses increasing threat to US power grid

This Nov. 12, 2015 photo shows water in a low-lying ditch outside the Waveland power substation for Coast Electric in Waveland, Miss. When Hurricane Katrina's punishing storm surge plowed ashore, it swamped seven of Coast Electric Power Association's substations. The vital facilities have long since been repaired, but a decade after the storm they remain at the same elevation, and just as vulnerable to catastrophic hurricanes. (AP Photo/Gerald Herbert)

  WAVELAND — When Hurricane Katrina’s punishing storm surge plowed ashore, it swamped seven of Coast Electric Power Association’s substations, vital to powering thousands of Mississippi homes and businesses. The facilities have long since been repaired, but a decade after the storm they remain at the same elevation, and just as vulnerable to catastrophic hurricanes. Such storms are a growing ...

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