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Tag Archives: energy

First new oil wells in years being drilled in shale region

An Australian company is drilling new wells in an oil formation that straddles southwest Mississippi and southeast Louisiana, the first new wells drilled in about three years, after a crash in oil prices dried up activity. Australis Oil & Gas Ltd. announced earlier this month that it had started drilling the first of at least six planned wells near Gillsburg, ...

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Final investment decision has not been made on proposed $8 billion LNG export facility

By BECKY GILLETTE GEORGE FREELAND Gulf LNG Energy invested $1.1 billion in a facility in Pascagoula to import liquified natural gas (LNG), which is natural gas cooled down to liquid form to make it easier to transport. Two tanker shipments of LNG were offloaded at the facility in 2011. But then the energy world turned upside down. Shale gas production ...

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Mississippi Power electricity rates to rise 9 percent

Mississippi Power Co. customers will see electricity rates go up about 9 percent starting in September. The state Public Service Commission on Tuesday approved general rate increases as well as specific increases tied to environmental compliance costs. The unit of Atlanta-based Southern Co. will collect about $77 million more through the end of 2019, in a settlement meant to cover ...

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Topazi, who led Mississippi rebuild post-Katrina, dies at 68

The man credited with helping to “get the lights back on in 11 days” as Mississippi’s Gulf Coast recovered from Hurricane Katrina has died at the age of 68. News outlets report former Mississippi Power Co. President Anthony Topazi died Friday from complications from ALS, known as Lou Gehrig’s disease. The Alabama native was at the utility’s helm in when ...

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Itron signs agreement with Mississippi Power

   Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, today announced a new agreement with Mississippi Power—a subsidiary of Southern Company (NYSE: SO)—to support the utility’s grid modernization plans and continued leadership in technical innovation within the utility space. Itron will deploy and manage its standards-based Gen5 IPv6 network platform to connect ...

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TVA’s new gas plant in Tennessee ready to run

MEMPHIS, Tenn. — The Tennessee Valley Authority’s new gas-fired power plant in Tennessee is ready to run. TVA said Monday that the Allen Combined Cycle Natural Gas Plant in Memphis has been completed and is ready to operate. It replaces the coal-fired Allen Fossil Plant, which operated for more than 58 years before it was retired on March 31. The ...

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Offshore revenue-sharing: $188M to 4 states, coast counties

Four Gulf of Mexico states and their coastal counties are getting nearly $188 million in revenue-sharing funds as the offshore leasing area s involved expand. The money must be used for coastal conservation, restoration and hurricane protection. An Interior Department news release Thursday says Louisiana is getting a total of about $82 million, with more than $50 million going to Texas, nearly $28 million to Mississippi ...

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CenterPoint paying $6 billion for Vectren

CenterPoint Energy Inc. is paying just under $6 billion for rival Vectren in a move that will expand the utility operator’s reach. The combined company will serve more than 7 million gas and electricity customers in eight states and will hold about $29 billion in assets. CenterPoint will pay $72 per share cash for Vectren and assume the company’s debt. ...

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Mississippi demands $100K from Canton utilities board members

Officials say utility board members in a Mississippi city owe nearly $100,000 to the state auditor’s office after using public funds for personal use. The Clarion Ledger cites a Thursday statement from State Auditor Stacey Pickering as saying five members on the Canton Municipal Utilities Board of Commissioners used board funds to pay for an attorney when they were not members. Cleotha ...

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