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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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Kemper plant succeeds in producing gas from lignite

By JACK WEATHERLY Mississippi Power has started producing synthetic gas using lignite at the Kemper County energy facility, the long-overdue and cost-overrun plagued project. “This is a major achievement for the Kemper project, and I am very proud of everyone who has worked safely and tirelessly to overcome challenges and reach this important point,” Mississippi Power President and Chief Executive Anthony ...

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BP estimates cost of 2010 Gulf oil spill at $61.6 billion

Oil giant BP PLC has put a final price tag on what its catastrophic Gulf of Mexico oil spill cost the company, and it’s a hefty sum: $61.6 billion. The company issued the estimate Thursday, the first time it has put a total cost on the catastrophe. BP said it expects to spend a total of $44 billion after tax ...

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Solar-panel maker cuts jobs goal in half, gets more time

By JACK WEATHERLY  Stion Corp. has renegotiated its contract with state in which its commitment of jobs creation has been cut in half and its time limit was lengthened by five years. Its memorandum of understanding with the Mississippi Development Authority, city of Hattiesburg and Forrest County, which was amended in November, was obtained by the Mississippi Business Journal under ...

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Mississippi State’s EcoCAR 3 team lands in top 5

Mississippi State’s EcoCAR 3 team earned a top five finish at this year’s national competition, as well as high marks for project management. The team placed fifth overall among 16 competitors recently in a two-stage contest held in Yuma, Ariz., and San Diego. Mississippi State took top honors for project management, including awards for Best Project Management Plan, Best Change ...

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