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Oil rig repairer files bankruptcy, aims to end worker suits

JACKSON — Oil rig repairer Signal International of Mobile, Alabama, is filing for Chapter 11 bankruptcy protection. The company blames a downturn in oil exploration, combined with millions it could owe to Indian guest workers suing the company. The Retirement Systems of Alabama, a public pension system that already owned a minority of the company and was a lender, has ...

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Two solar projects for Lowndes County gain approval

  MBJ staff A Nashville, Tenn.-based solar power company has gotten approval from the Public Service Commission to build two projects in Lowndes County. The facilities will be located near the GoldenTriangle Industrial Park and Golden Triangle Airport, Brandon Presley, commissioner for north Mississippi, said in a news release. The projects are to be built by Silicon Ranch Corp., which ...

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D’Iberville settles with BP for nearly $1 million

D’IBERVILLE — The city of D’Iberville didn’t see any oil on its shores from the 2010 Deepwater Horizon oil spill, but the city shared in the economic woes that followed the spill and will share in the BP settlement. City Manager Bobby Eleuterius tells The Sun Herald the mayor and city council on Tuesday agreed to accept just over $948,000 ...

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Seraphim Solar to build manufacturing facility in Jackson; says will create up to 250 jobs

Chinese solar panel maker Seraphim Solar announced Wednesday that it will invest $50 million to open its first U.S. factory in Jackson. The company said it will hire 250 workers over its first five years to assemble solar modules. City spokeswoman Shelia Byrd said the city is in final negotiations on incentives, but said she didn’t know when an agreement ...

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Biloxi settles with BP for $4.9 million

BILOXI — The city of Biloxi is accepting $4.9 million from BP as part of a group settlement of local government claims for economic losses caused by the 2010 BP oil spill in the Gulf of Mexico. Last week, BP and five coastal states announced a deal to provide $18.7 billion in new money to the states. The company said ...

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Regulators order end to Kemper rate increase, plan refunds

JACKSON — Regulators on Tuesday ordered Mississippi Power Co. to lower rates later this month and plan for customer refunds by November. In issuing the order, the Mississippi Public Service Commission voted 3-0 to comply with a state Supreme Court order that found illegal a 2013 rate increase for the $6.2 billion plant. The unit of Atlanta-based Southern Co. must roll ...

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Regulators discuss Kemper refunds for Miss. Power customers

JACKSON — Mississippi regulators plan to discuss at a Tuesday meeting how to obey a state Supreme Court order to refund about $350 million that Mississippi Power Co. has collected from customers to build a power plant in Kemper County. The Supreme Court ruled in February that an 18 percent rate increase was illegal because regulators didn’t conduct hearings to ensure ...

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DAVID DALLAS: BP disaster demonstrates need for change

Call me crazy, but I’ve always had a soft spot for British Petroleum. One of my favorite childhood memories is having our car filled up and serviced at the old Walt’s Gulf station in the middle of downtown Cleveland, Mississippi. Mr. Walt had a young man named Charles that worked for him. Charles would let me help him fill up ...

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How 5 Gulf Coast states will divide BP oil spill settlement

NEW ORLEANS — Most of the $18.7 billion proposed settlement that BP reached over its 2010 Gulf of Mexico oil spill would go to five Gulf Coast states, if the deal is approved by a judge. A portion of the settlement is not assigned to any particular state. Here’s how the state-specific money breaks down, with payments to states being ...

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Gulf states reach $18.7 billion settlement with BP over 2010 Deepwater Horizon oil spill

NEW ORLEANS — BP and five Gulf states announced a record $18.7 billion settlement Thursday that resolves years of legal fighting over the environmental and economic damage done by the energy giant’s oil spill in 2010. The settlement, if accepted by a federal judge, would end a yearslong battle between BP and the U.S. government over Clean Water Act penalties after ...

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