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US stock indexes mostly lower in morning trading; oil slides

Energy companies led U.S. stock indexes broadly lower in afternoon trading Monday as the price of crude oil declined. Phone company and materials stocks were also among the big decliners. Investors were weighing the latest batch of company earnings news. KEEPING SCORE: The Dow Jones industrial average was down 33 points, or 0.2 percent, to 20,037 as of 1:45 p.m. ...

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Kemper makes electricity, but more work, cost review ahead

More than $4 billion over budget and more than two years late, Mississippi Power Co. announced Tuesday that its $7.1 billion Kemper County plant is finally making electricity from gasified lignite coal. “Everybody is very excited at the site and across the company,” spokesman Jeff Shepard said. “It’s the biggest milestone we’ve had so far.” But the unit of Atlanta-based ...

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New TVA chair hopes to keep trajectory as Trump fills slots

The new Tennessee Valley Authority board chairwoman says she hopes the federal utility will maintain its trajectory, including efforts to reduce airborne carbon pollution, with President Donald Trump having the chance to pick a new board majority by the spring. Lynn Evans, the first woman and first African-American to chair the board, told reporters in a conference call Friday that ...

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Mississippi Power rates fall as Katrina repair bonds repaid

Mississippi Power Co. customers will see rates fall by $3.45 a month starting with bills sent out in late February. Regulators voted Tuesday to abolish a flat monthly charge after it paid off $121 million in government bonds. The borrowing helped pay to rebuild the company’s electrical system after 2005’s Hurricane Katrina. Residential customers who use 1,000 kilowatt hours of ...

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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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