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World Energy acquires Elevance Renewable Sciences

A biofuels company has purchased Elevance’s biorefinery facility in Natchez and may potentially add 15 jobs at the plant. The Natchez Democrat reports World Energy announced Wednesday it had purchased from Elevance Renewable Sciences. World Energy has been supplying certified biodiesel from the plant under a production contract with Elevance since January 2013. Natchez Inc. Executive Director Chandler Russ says ...

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Miller named Landmen VP

David W. Miller, CPL, owner and managing member of Miller Land Professionals LLC in Jackson, has been named First Vice President of the American Association of Professional Landmen. As First Vice President, Miller will lead the American Association of Professional Landmen’s 13,000 members across the U.S. and will be named president of AAPL in June 2017. The Association is composed ...

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Kemper overrun reaches $81 million for second quarter

By JACK WEATHERLY  As expected, Mississippi Power’s coal-gasification power plant has missed another deadline. The utility on Monday moved back the start-up of the commercial operation of the plant in Kemper County another month, till Oct. 31. Time delayed is cost accumulated. The latest postponement will add $43 million to the price tag on the plant, which originally was projected ...

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Kemper overrun reaches $81 million for second quarter

By JACK WEATHERLY As expected, Mississippi Power’s coal-gasification power plant has missed another deadline. The utility on Monday moved back the start-up of the commercial operation of the plant in Kemper County another month, till Oct. 31. Time delayed is cost accumulated. The latest postponement will add $43 million to the price tag on the plant, which originally was projected to ...

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Auditor: All but $3.6M of $377M in Kemper refunds complete

All but $3.6 million of $377 million in rate refunds related to Mississippi Power Co.’s Kemper County plant are back in the hands of customers, auditors say. The utility has complied with the refund order “in all material respects,” the Hattiesburg accounting firm of Topp McWhorther Harvey told members of the Mississippi Public Service Commission on Thursday. The remaining money ...

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Stion solar panels powering school district in New York state

By JACK WEATHERLY A Stion Corp. solar electric array is powering the Avon Central School District in Avon, New York. Stion’s solar panels were manufactured in Hattiesburg, Miss. and include a 25-year warranty, which will enable the district to generate more than $1 million in electricity credits over the lifetime of the panels. The array, which is the largest such ...

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Southern Co. chief calls Kemper plant ‘dual fuel investment’

By JACK WEATHERLY Tom Fanning, chief executive and chairman of the Southern Co., described in a teleconference with analysts last week Mississippi Power Co.’s Kemper County clean-coal power plant as “a dual fuel investment,” relying also on natural gas as needed. Fanning in the past has downplayed the long-term importance of natural gas despite having run the plant on it ...

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Entergy 2Q profit tops Street, lifts 2016 profit outlook

Entergy’s second-quarter profit easily topped Wall Street’s view, and the power company raised its full-year earnings forecast. Entergy’s net income attributable to the company was $567.3 million, or $3.16 per share, for the period ended June 30. A year earlier net income attributable to the company was $148.8 million, or 83 cents per share. Earnings, adjusted for one-time gains, were ...

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Entergy one of U.S.’s most civic-minded firms

Entergy Corporation has recognized with The Civic 50, an initiative of Points of Light, for its investment of time, talend and resources in the areas it serves. The Civic 50 sets the standard for corporate civic engagement and annually determines the most community-minded companies in the country. Points of Light is the world’s largest organization dedicated to volunteer service. The ...

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Mississippi Power adds $9 million to Kemper cost

Associated Press Mississippi Power Co. says it will spend another $9 million on its overrun-plagued Kemper County power plant, pushing its total cost toward $6.8 billion. The unit of Atlanta-based Southern Co. will absorb the cost, part of $2.5 billion it’s absorbing. Southern Co. will write off $38 million before taxes from its quarterly earnings, which will be announced Wednesday. ...

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