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PSC selects companies to perform electric utility audits

If the selected companies stick to their bids, Mississippi ratepayers should save money on audits of their public electric utilities this year. The Mississippi Public Service Commission has approved bids for the fiscal year 2010 audits of Mississippi Power Company and Entergy Mississippi that cumulatively total less than $1 million. Contracts have not been finalized. Last year’s audits cost more ...

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Laurel man awarded $103M in suit against lawyer

LAUREL — A Mississippi businessman has been awarded $103 million in a lawsuit against the Chicago-based law firm that he accused of defrauding his oil and gas business. Lavon Evans Jr. filed the lawsuit in Jones County Circuit Court in Mississippi in 2008. It sought $150 million in damages from attorney Joel Held, who worked at the Dallas office of ...

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Department of Justice launches probe of Entergy

The U.S. Department of Justice is investigating Entergy Corporation’s transmissions system and electricity-purchasing practices. The New Orleans-based company disclosed the investigation prior to the opening of financial markets Tuesday. Entergy says the investigation involves Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy Texas and Entergy New Orleans. The investigation also covers Entergy Services Inc. The DOJ investigation ...

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Miss. justices send coal suit back to lower court

JACKSON, Miss. (AP) — The state Supreme Court has sent back to a chancery court a lawsuit that seeks to block a coal-fired, electric-generating plant in east-central Mississippi. The lawsuit was in response to the Mississippi Public Service Commission’s decision to ease restrictions it had put on the project in Kemper County. The Sierra Club has said the plant is ...

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It’s legal in some states

Utilities make donations (more than $3 million the last three years) and then charge the cost back to customers Entergy Mississippi and Mississippi Power Company have been reimbursed by customers for more than $3.1 million in charitable contributions to schools, colleges, civic organizations and businesses over the past three years, according to public records. These regulated public utilities plan to ...

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Forbes: Shale gas means flat prices until 2020

That’s bad news for Mississippi Power Company, which bet $2.4B of its ratepayers’ money that natural gas prices would not remain flat Forbes blogger Daniel Fisher reports that natural gas from shale will likely keep gas prices flat at around $5 per million Btu through 2020. If Forbes’ numbers come to fruition, Mississippi Power Company customers paying for the $2.4-billion ...

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Biofuels company to build three plants in state

JACKSON — A company that will produce a crude oil substitute from biomass plans to build its first three facilities in Mississippi. Gov. Haley Barbour announced details yesterday of the project proposed by Texas-based KiOR. KiOR president and CEO Fred Cannon says his company will become first to commercially produce biofuel through the catalytic conversion technology. The plants will be ...

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Driving on water

    A Mississippi company’s floating roadway is making it easier to access wetlands while minimizing environmental impact When American Transmission Co. (ATC)  needed to rebuild a high-voltage power line in Wisconsin, the company faced an environmental challenge, which it solved by using Madison’s New South Equipment Mats. ATC, based in Waukesha, Wis., provides electric transmission service in Wisconsin, Michigan ...

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Calculation of electric bills won’t change

PSC voted against changing process of adjusting bills based on fuel cost estimates The Mississippi Public Service Commission has voted not to change the process of adjusting customer electric bills based on estimates of fuel costs. Mississippi uses a method that is used in other states for setting customer rates in advance based on the estimated costs of fuel. The ...

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Power company helps low-income customers

    Eleven years ago, Entergy Mississippi decided to do something to help the 25 percent of its customers living in poverty. With direct and indirect assistance programs and partnerships with low-income advocacy groups, the utility company that serves 435,000 customers in 45 Mississippi counties set about making a difference.    The utility’s efforts have been recognized with a Corporate ...

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