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Trump’s picks for TVA board could reshape federal agency

Within the next five months, President-elect Donald Trump could appoint a majority of the board for the Tennessee Valley Authority, the nation’s largest government-owned utility. Three Democratic members of the board, including Chairman Joe Ritch, are leaving the board Tuesday after the Republican-controlled Senate failed last year to confirm President Barack Obama’s reappointment of the three directors, the Chattanooga Times ...

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Power co-op gets bond rating upgrade after exiting Kemper deal

Cooperative Energy and its 11 co-op members will see lower debt costs on $35.4 million bond   By TED CARTER / Hattiesburg Business Today Bailing out of its 15 percent ownership stake in Mississippi Power’s Kemper gasification plant has helped Hattiesburg-based Cooperative Energy gain a ratings upgrade on a $35.4 million bond issue. The electric power co-op, which changed its name ...

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Company to extend natural gas service in Tunica County

Mississippi officials have approved Atmos Energy’s plan to extend natural gas service to a rural community in Tunica County. Public Service Commissioner Brandon Presley announced that the expansion by Atmos Energy will bring service to 215 homes in the county’s White Oak community. The project stems from Presley’s push to make more energy options available to as many unserved, rural ...

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Hattiesburg shines with massive new solar farms and jobs growth

By BECKY GILLETTE / Hattiesburg Business Today The greater Hattiesburg area is quickly becoming a solar hub of the state and region with two, $100-million solar farms covering 1,000 acres current under construction that are expected to come online producing 100 megawatts of electricity by the summer of 2017, said Chad E. Newell, president of the Area Development Partnership (ADP). » ...

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Presley seeks break on rates for deployed military members

A Mississippi utility regulator wants to consider giving some active-duty members of the military breaks on their electrical and natural gas bills. Public Service Commission Chairman Brandon Presley Tuesday proposed that the commission consider requiring lower bills for service members deployed outside the country on active duty. The proposal would cover electrical utilities Entergy Mississippi, and Mississippi Power Co., plus ...

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Regulators delay vote on Mississippi Power coal ash plan

Mississippi utility regulators aren’t quite ready to vote on an $82 million plan for Mississippi Power Co. to close coal ash disposal areas in Gulfport. The Public Service Commission Tuesday delayed action on the plan until at least Dec. 15, questioning whether rules might change under incoming President Donald Trump. Mississippi Power, a unit of Atlanta-based Southern Co., says it’s ...

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Grand Gulf Nuclear Station’s license renewed

PORT GIBSON — The Nuclear Regulatory Commission has renewed Grand Gulf Nuclear Station’s operating license through 2044. The plant is currently closed through the first of the year to address maintenance issues. Northern District Public Service Commissioner Brandon Presley, chairman of the state’s utilities regulatory agency, tells The Clarion-Ledger (http://hatne.ws/2fSDLIl) this is an early Christmas present for Mississippi Entergy customers. ...

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Dow reaches records again as energy companies surge

The Dow Jones industrial average is trading at a record high Wednesday as blue-chip energy companies and banks surge. Oil stocks climbed after countries in OPEC, which collectively produce more than one-third of the world’s oil, agreed to trim production for the first time in eight years. Banks are also rising sharply as bond yields and interest rates increase. Other ...

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UPDATED: Kemper completion pushed back to end of year

MBJ staff and wire   Mississippi Power Co. says it won’t complete its Kemper County power plant until the end of the year, a delay of a month that pushes the price tag up by $25 million, to nearly $7 billion. The company announced the delay Friday as its Atlanta-based parent Southern Co. filed quarterly stock disclosures, saying ratepayers wouldn’t ...

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Global stocks hit by gloom on Wall Street, lower oil prices

Global stock markets fell on Wednesday after some disappointing earnings reports and as a drop in oil prices dragged down shares in energy companies. KEEPING SCORE: The FTSE 100 of Britain dropped 1 percent to 6,949 while Germany’s DAX fell 1 percent as well, to 10,649. The CAC 40 in France lost 0.8 percent to 4,506. Dow and S&P futures ...

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