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Tag Archives: cooperative

Southern Pine to refund $2.5M in capital credits

TAYLORSVILLE — Southern Pine Electric Power Association has announced $2.5 million in capital credit refunds for the 2011 fiscal year. SPEPA general manager Donald L. Jordan says refund checks will be mailed starting in mid-December. Jordan says checks will be issued for amounts $25 and over. Customers getting less than $25 will receive a credit on their account. The amount ...

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Commissioners give nod to co-op's purchase of power plant

BATESVILLE and HATTIESBURG — The Mississippi Public Service Commission has approved the $286-million sale of bankrupt LSP Energy to South Mississippi Electric Power Association. Commissioners voted 3-0 yesterday to give Hattiesburg-based SMEPA the right to operate the natural gas-fired power station in Batesville. The order also gives SMEPA the right to acquire any rights of way that it needs for ...

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SMEPA to move forward on Kemper power plant deal

KEMPER COUNTY and HATTIESBURG — The South Mississippi Electric Power Association says it will go through with its planned purchase of 15 percent of a Kemper County power plant. The group, which generates and transmits power to 11 electric cooperatives in southern and western Mississippi, says it will pay $500 million for its share of the $2.8 billion plant, which ...

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County could lose millions if SMEPA buys power plant

BATESVILLE — Panola County could lose as much as $4.4 million in future property taxes if South Mississippi Electric Power Association succeeds in its bid for LSP Energy. South Mississippi Electric Power Association (SMEPA) has entered into a purchase agreement in federal bankruptcy court in Delaware to buy all assets of LSP Energy for $249 million. It’s not yet a ...

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Another electricity cooperative suspends e-checks due to scams

HATTIESBURG — The Dixie Electric Power Association is not accepting e-check payments due to a recent scam, claiming that the federal government is paying utility bills. The Hattiesburg American reports the scam included an invalid routing number, prompting the association’s management to shut down the e-check payment option until further notice. Aaron Zumwalt, administration and finance manager, says customers can ...

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Southern Pine EPA suspends e-payments due to phishing scams

TAYLORSVILLE — A rural electricity cooperative in Mississippi has stopped taking electronic checks because so many of its customers have been scammed by people or websites claiming to represent the utility. The Clarion-Ledger reports that Southern Pine Electric Power Association isn’t the only utility being impersonated by “phishing” scams. Attorney general’s spokeswoman Jan Schaefer says the state has received 1,000 ...

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Cal-Maine strikes joint venture with Eggland's Best, Land O' Lakes

JACKSON — Cal-Maine Foods Inc. has formed a new joint venture between Eggland’s Best Inc., a New Jersey-based egg cooperative, and Land O’ Lakes Inc., a national farmer-owned cooperative based in Minnesota, to produce and sell branded specialty eggs. Pursuant to the terms of the transaction, Eggland’s Best has contributed certain assets, including its trademarks, into a new limited liability ...

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Singing River EPA to distribute $1.5M to customers

PASCAGOULA — Singing River Electric Power Association will distribute $1.5 million in capital credits to customers who purchased power from 1953 to 1964. CEO Lee Hedegaard tells The Mississippi Press about 138,982 currently active and inactive accounts are eligible to receive a capital credit refund beginning in December. As an electric cooperative, Singing River is owned by those who use ...

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