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Environmental Business

Report warns of possible tax subsidy for Kemper plant

A report released Tuesday warns Congress against tax changes that could subsidize Mississippi Power Co.’s Kemper County power plant by an additional $700 million to $4.5 billion. Environmental group Friends of the Earth and anti-subsidy group Taxpayers for Common Sense say members of Congress could try to enact changes before year’s end as part of a larger tax bill. Lukas ...

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MDEQ panel upholds ruling on water permit for Costco site

By JACK WEATHERLY The Mississippi Department of Environmental Quality’s permit board on Tuesday unanimously upheld its earlier ruling on a water permit it issued for the expansion of the Renaissance at Colony Park. The vote moved the expansion with a hotly contested planned Costco Wholesale store toward becoming a reality. Plaintiffs in a suit against the city of Ridgeland are ...

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Attorneys in BP settlement will divide $555.2 million

A judge has ruled a group of attorneys will divide $555.2 million for their work on behalf of people and businesses who suffered economic damages because of BP’s 2010 Gulf oil spill. U.S. District Judge Carl Barbier (BAHR’-bee-aye) of New Orleans issued a 42-page ruling spelling out reasons for the award, the result of work on a 2012 settlement that ...

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Utility projects operation costs to quadruple estimate after Kemper County power plant starts up

Associated Press The ballooning cost of building Mississippi Power Co.’s Kemper County power plant won’t end when construction is done. The company now projects operation and maintenance costs will total $1 billion in its first five years — four times what regulators approved. The gasified coal-burning plant’s equipment, material and workforce have increased sharply during this building phase, raising the ...

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Kemper plant makes power with gas from coal for first time

Mississippi Power Co. says that the power plant it’s building in Kemper County has generated electricity using gas produced from coal for the first time. Atlanta-based Southern Co., the utility’s parent company, announced that the electricity was generated during a test Wednesday. The company says it used both the part of the plant that turns soft lignite coal into a ...

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Gulfport meeting unleashes flood of ideas for BP money

Mississippi Lt. Gov. Tate Reeves has held the first of three town hall meetings to talk about how to spend $750 million in Deepwater Horizon oil disaster money. Local media outlets report Reeves got his first answers Thursday in Gulfport when a couple hundred people showed up. Some people made specific requests — money for the Great Southern Golf Club ...

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USDA describes $328M oil spill restoration plan for Gulf

CARRIERE, Miss. — The U.S. Department of Agriculture says it’s focusing conservation programs along the Gulf of Mexico in a $328 million plan to help recovery from the 2010 oil spill. Undersecretary Robert Bonnie says the agency will use that focus through 2018 as it helps coastal producers plan improvements to improve water quality and improve coastal ecosystems under several ...

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Auctioneer, oil field service firm watch price of crude

By JACK WEATHERLY In the past two years, coinciding with the downturn in oil and natural gas exploration in the country, equipment sales have grown to 15 to 20 percent of Jeff Martin Auctions’ business. Owner Jeff Martin declined to reveal the revenues for his operation in Brooklyn, Miss., near Hattiesburg, but said it has become the largest such auction ...

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CORRECTED UPDATE: Players in Tuscaloosa shale tread water, wait for market to return

By JACK WEATHERLY  The Tuscaloosa Marine Shale formation has languished since the cratering of oil prices in mid-2014. The “play” in southwest Mississippi and southeast Louisiana is not alone in its struggle to stay alive. Operators there and elsewhere in the United States have pulled back since the price of oil dropped from about $100 a barrel to less than ...

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The ‘Blue Economy’ to get a boost with $10M Marine Science Facility at Port of Gulfport

By BECKY GILLETTE GULFPORT — It has been estimated that 35 percent of the Coast’s economy is based on maritime businesses like shipbuilding, transportation, fishing and tourism. And now what has been dubbed the “Blue Economy” will get another boost with the construction of a new $10-million Marine Science Facility that will be built by the Port of Gulfport for the University of ...

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