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Tag Archives: Alabama

Mississippian Glenn McCullough Jr. gets nod as new MDA chief

By TED CARTER An executive search that never left Mississippi has led to the appointment of Glenn L. McCullough Jr., former mayor of Tupelo and chairman of the Tennessee Valley Authority board, as executive director of the Mississippi Development Authority. Speaking to luncheon guests at the Mississippi Economic Council’s annual meeting, Gov. Phil Bryant said he kept the search within ...

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Hattiesburg bank earnings rise to $1.9 million

Hattiesburg-based First Bancshares Inc. announced on Thursday that its net earnings for the first quarter were $1.9 million, or 36 cents per share, compared with $1.3 million, or 25 cents for the corresponding quarter in 2014. Assets grew by 4.8 percent to reach $1.1 billion as of March 31. Loans stood at $716 million, up $11.8 million in the quarter. ...

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$134M proposed for 10 BP-funded oil spill recovery projects

JACKSON — State and federal officials overseeing $1 billion provided by BP PLC to spur recovery from the 2010 Gulf of Mexico oil spill said Monday that they’re proposing another 10 projects totaling $134 million. About $700 million to repair environmental damage and enhance recreational access has been allocated previously, although some of that work has yet to begin. The ...

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Source: McCullough a leading candidate for MDA job

        By JACK WEATHERLY Glenn L. McCullough Jr., former mayor of Tupelo and chairman of the Tennessee Valley Authority board, is a leading candidate to become executive director of the Mississippi Development Authority, according to a source familiar with the situation. McCullough said in a telephone interview with the Mississippi Business Journal  Thursday afternoon that “the MDA is very important ...

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TRANSITION AT THE MDA — Is Mississippi better off than it was 3 years ago?

By JACK WEATHERLY  Is Mississippi better off than it was three years ago? That’s a fair enough question when it comes to measurable matters such as jobs created and money invested. The answer is: depends on whom you’re asking. And what you’re asking. When the Mississippi Development Authority announced April 8 that Brent Christensen  was resigning his job as executive ...

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Mississippi geography offers engineering challenges

By LISA MONTI If you look at the geography of Mississippi with an engineer’s eye, you can see some of the challenges those professionals face in their practices. “Mississippi is an interesting state for structural design,” said Jason McQueen, president of the Structural Engineers Association of Mississippi. “On the Coast there are design requirements for hurricanes and floods. In the central ...

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Feds: Oil leasing in Gulf slows due to oil price drop

NEW ORLEANS — Regulators say only 195 bids were placed on the 41 million acres of the Gulf of Mexico up for new oil and gas leasing off of Louisiana, Mississippi and Alabama. That’s the lowest number since 1986 when 129 bids were offered, according to the Bureau of Ocean Energy Management. It says the low price of oil accounts ...

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Eric Martin Satz nominated to serve on TVA board

NASHVILLE — The White House has nominated venture capitalist Eric Martin Satz to serve on the board of the Tennessee Valley Authority. Satz is partner at venture capital and private equity firm TNCV. If he is confirmed by the U.S. Senate, Satz would serve on the federal utility’s board until May 2018. He would replace Oak Ridge attorney Neil G. ...

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Kemper plant employee gag order continued

Jack Weatherly A Jefferson County, Ala. judge has extended for another month a gag order preventing a key manager at Mississippi Power Co.’s Kemper County coal-fired power plant from making public statements about the facility. The parent of Mississippi Power Co., Atlanta-based Southern Co., contends that the information would do great harm to the company. The case is the latest development in ...

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TVA changing the way in charges for electricity

CHATTANOOGA — The Tennessee Valley Authority is giving notice that it plans to change the way it charges customers for electricity. The Chattanooga Times Free Press reports the nation’s largest public utility notified local power companies this month that its pricing schedules will be tweaked when the board meets in August to adopt a budget for next year. TVA officials ...

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