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Tag Archives: electricity

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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PSC lawyer: Electric co-ops have less money than thought

JACKSON — That $160 million pile of cash that Northern District Public Service Commissioner Brandon Presley said Mississippi electric cooperatives should be giving back to their customers? Almost everyone agrees now that the state’s 25 cooperatives don’t have nearly that much money lying around. Shawn Shurden, a lawyer for the Public Service Commission, told commissioners earlier this month that a ...

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Southern Pine to cut capital credit refund checks

TAYLORSVILLE — Southern Pine Electric Power Association has announced $3.5 million in capital credit refunds for the 2013 fiscal year. SPEPA general manager Donald L. Jordan says members will be reimbursed through credits on their accounts beginning in December. The amount of the credits is based on the amount of electricity each member used in 2013. Jordan says the credits ...

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Entergy's earnings miss Wall Street's expectations

NEW ORLEANS — Entergy Corp. today reported third-quarter earnings of $230 million. The New Orleans-based company said it had profit of $1.27 per share. Earnings, adjusted for non-recurring costs, came to $1.68 per share. The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share. The ...

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Entergy agrees to cut $35M from its new rate plan

JACKSON — Entergy Corp. has agreed with Mississippi regulators to cut $35 million from the amount it is seeking from customers under a new rate plan, dropping the total to $14 million annually and setting the stage for the Public Service Commission to approve the plan by Dec. 9. Mississippi’s largest private utility also agreed not to ask customers to ...

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Kemper County plant will cost at least another $496M to complete

KEMPER COUNTY — Southern Co. says it will cost at least another $496 million to finish the power plant it’s building in eastern Mississippi’s Kemper County, pushing the total cost above $6.1 billion. And, unlike other recent overruns, customers could have to pay $167 million of the charges if regulators agree. The Atlanta-based parent of Mississippi Power Co. pushed back ...

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PSC sticks to order allowing domestic violence victims to delay utility deposits

JACKSON — The Mississippi Public Service Commission won’t reconsider its order to let victims of domestic violence delay paying utility deposits for 60 days, setting up a possible legal showdown over the regulator’s authority over rural water association and electrical cooperatives. The commission voted 3-0 yesterday to deny a request from rural water associations and electrical cooperatives to rehear the ...

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Entergy expects drop in quarterly as-reported earnings compared to last year

NEW ORLEANS — Entergy Corporation expects third quarter 2014 as-reported earnings of approximately $1.26 per share and operational earnings of approximately $1.67 per share. Results for third quarter 2013 were $1.34 per share on an as-reported basis and $2.41 per share on an operational basis. The Utility posted another quarter-over-quarter of industrial sales growth, led by the Gulf region of ...

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Entergy Mississippi unveils energy-efficiency, cost-cutting programs

JACKSON — Entergy Mississippi is launching a number of programs designed to help improve energy efficiency and save money on bills. “The Mississippi Public Service Commission wanted utilities to create more opportunities for customers to save money on their electric bills through energy efficiency,” said Haley Fisackerly, Entergy Mississippi president and CEO. “Entergy Solutions is our answer. The programs are ...

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Kemper County plant's costs continue to rise; completion delayed again

KEMPER COUNTY — Southern Co. said yesterday that it will cost at least another $59 million to finish the power plant it’s building in eastern Mississippi’s Kemper County, pushing the total cost above $5.6 billion. The Atlanta-based parent of Mississippi Power Co. also announced that the work on the parts of the plant that will gasify lignite and extract chemicals ...

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