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US stock indexes edge higher in early trading; Oil up

U.S. stock indexes edged higher in morning trading Tuesday, recovering after an early slide. Investors weighed the latest batch of company earnings and economic news. Banks and other financials stocks led the gainers, while phone company stocks were down the most. Energy stocks rose as oil prices were headed higher. KEEPING SCORE: The Dow Jones industrial average rose 38 points, ...

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Mississippi Power’s Kemper plant blows deadline after leak

JACKSON, Miss.  — After a tubing leak in part of its Kemper County power plant, Mississippi Power Co. now says it’s unsure when the $7 billion plant will be finished. With the plant three years behind schedule, the Atlanta-based Southern Co. says it won’t meet the latest deadline of mid-March. Mississippi Power will update the schedule and cost of the plant next ...

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Trump cheers Exxon plan to spend $20B on Gulf Coast projects

President Donald Trump and Exxon Mobil Corp. exchanged praise for each other on Monday as the company announced plans to create thousands of jobs by spending $20 billion over 10 years on plants along the Gulf Coast. Exxon’s plan started long before Trump entered the White House, however. It includes investments that began in 2013. Exxon said Monday the work ...

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Kemper plant forces Moody’s downgrade

By JACK WEATHERLY Moody’s Investors Service, a leading credit rating firm, has downgraded $800 million of Mississippi Power Co.’s debt securities because of continuing problems with the utility’s coal-gasification power plant in Kemper County. The downgrade means that future credit for the power company, which has about 186,000 customers in the state, stands to be more expensive. Moody’s lowered the ...

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Martin joins Entergy

Alexander C. Martin II has joined Entergy Services, Inc.’s legal department as counsel in the regulatory section.  Prior to joining Entergy, Martin was an associate with Maron Marvel Bradley Anderson and Tardy, and Baker Donelson Bearman Caldwell & Berkowitz. A 2007 graduate of Morehouse College and 2010 graduate of the University of Mississippi School of Law, Martin is a native ...

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Natural gas could cost less than coal for Kemper plant

Mississippi Power Co. says the power plant it’s building in Kemper County will be cheaper to run on natural gas than on its planned fuel of lignite coal unless gas prices are high. The unit of Atlanta-based Southern Co. filed that analysis Tuesday. On Wednesday, the utility announced it needs more time to complete the $7 billion Kemper plant, which ...

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Seraphim Solar lets the sunshine in with tour of plant

By JACK WEATHERLY At last, the sun has broken through and shed light on the solar-panel maker in west Jackson. Seraphim Solar USA started making panels in February 2016 after it got its first order, according to production manager Jake Pixler. The Mississippi Business Journal last was able to report on the project in April 2016, after it was announced ...

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US stock indexes veer higher in morning trading; oil slides

Technology and industrial companies led U.S. stocks modestly higher in morning trading Tuesday as indexes bounced back from small losses the day before. Energy stocks lagged the most as the price of crude oil headed lower. Investors were sizing up earnings reports from General Motors, Michael Kors and other big companies. KEEPING SCORE: The Dow Jones industrial average rose 90 ...

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S&P upgrades Cooperative Energy

S&P Global Ratings has raised Cooperative Energy’s issuer credit rating from ‘A-’ to ‘A’. S&P Global Ratings also raised its rating on the cooperative’s series 2009A Mississippi Business Finance Corporation’s $40 million Gulf Opportunity Zone Bonds from ‘A-’ to ‘A’ with a stable outlook. Cooperative Energy (Cooperative), which recently changed its name from South Mississippi Electric Power Association, is a not-for-profit ...

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