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Mississippi files fraud lawsuit against Khosla over KiOR failure

JACKSON — The state of Mississippi has sued billionaire Vinod Khosla and others, saying they knew long ago that bankrupt biofuel firm KiOR had poor prospects for success, but misled the state into loaning the company $75 million. The lawsuit, filed Tuesday in Hinds County Circuit Court, alleges Khosla and others engaged in fraud, negligence and conspiracy to hide the ...

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Fed’s Atlanta district reports employers switching to hiring mode

Demand for workers has increased throughout the Atlanta Federal Reserve District in recent weeks, the Federal Reserve reported in the Jan. 14 Beige Book. Published several times a year, the Beige Book provides assessments of economic conditions in the nation’s 12 Fed districts. Beige Book information is gathered from a network of business sources in each district. The Atlanta District, ...

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Natural gas line fire in Rankin County

BRANDON — Rankin County firefighters are on the scene of a natural gas line rupture and fire off of Mississippi Highway 25 near Brandon. Authorities say it appears the pipeline exploded about 6:15 a.m. Wednesday on Three Prong Trail. Crews at the scene shut off the gas about 7:30 a.m. Sheriff Bryan Bailey says there have been no injuries confirmed ...

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Khosla seeks KiOR plant receiver, says Miss. ran off buyer

JACKSON — KiOR financier Vinod Khosla is asking a Mississippi state court judge to name a receiver for the company’s Columbus plant, at the same time that he’s accusing the state of scaring off a potential buyer for the shuttered biofuel refinery. Companies controlled by Khosla filed the motion Friday in Lowndes County Chancery Court, another escalation in a fight ...

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KiOR says Miss. seeks to destroy it in court ploy

JACKSON — Bankrupt biofuel maker KiOR and controlling shareholder Vinod Khosla say the state of Mississippi is using legal tactics in an attempt to squeeze money from the company. KiOR, based in Pasadena, Texas, fired back Thursday at the Mississippi Development Authority’s December call to convert KiOR’s case from Chapter 11 reorganization into Chapter 7 liquidation. “The motion reflects a ...

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Obama administration sued over Gulf of Mexico fracking info

GAINESVILLE — An environmental advocacy group is suing the Obama administration in federal court for refusing to release documents detailing the extent of fracking in the Gulf of Mexico. The Center for Biological Diversity filed the lawsuit Thursday in U.S District Court in Washington, saying the Bureau of Ocean Energy Management has refused to comply with the group’s federal public ...

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Mississippi tries to force KiOR into liquidation

JACKSON — The state of Mississippi is trying to force biofuel maker KiOR into liquidation. The company filed for Chapter 11 reorganization last year, with plans for controlling shareholder and financier Vinod Khosla to buy what’s left of the company. But the Mississippi Development Authority says that’s an inappropriate attempt to dump debt while allowing the original owners to keep ...

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Mississippi groups attack carbon dioxide limits, say unreasonable

JACKSON — Mississippi regulators and utilities are savaging the federal government’s proposal to force Mississippi power plants to cut carbon dioxide emissions. In comments filed in December, leaders of utilities, state agencies and business groups called the U.S. Environmental Protection Agency’s Clean Power Plan illegal, infeasible and economically unbearable. The EPA announced specific targets for all the states in June, ...

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Presley running again for Miss. utility commission

JACKSON — Democrat Brandon Presley says he’s seeking a third term on the Mississippi Public Service Commission. The 37-year-old says people from across the political spectrum encouraged him to run for governor or other offices in 2015. But he says he wants to serve another four years as the northern district member of the utility regulation board. Presley was elected ...

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Posey not running for re-election to Miss. PSC

JACKSON — Lynn Posey said Tuesday that he won’t seek a third term as the central district member of the Mississippi Public Service Commission. Posey, of Union Church, was elected to the three-person utility regulation board in 2007 and 2011. He served 20 years in the state Senate, chairing the Wildlife Committee 16 years. He switched from Democrat to Republican ...

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