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Tag Archives: energy

Power line builder asks Mississippi to approve $1.4B project

Pattern Development is seeking approval from Mississippi regulators for a $1.4 billion power transmission line meant to carry wind-generated electricity from Texas to the Southeast. The affiliate of San Francisco-based wind-energy generator Pattern Energy announced the filing Wednesday. The company needs approval from the Mississippi Public Service Commission to build what it calls the Southern Cross Transmission project. The line ...

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Mississippi with the lowest gas prices in America, again

The average price of a gallon of regular-grade gasoline jumped 3 cents nationally over the past two weeks, to $2.46. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that consumers could see price increases slow as crude oil costs drop. The national average is 28 cents per gallon above the price a year ago. Gas in San Francisco ...

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Houston High School solar car race team featured in IMAX film

The Houston High School Solar Car Race Team from Houston, Miss., traveled to Washington, D.C., recently for the premier of the IMAX film Dream Big: Engineering Our World. The team and its solar car Sundancer, a 16-foot-long vehicle engineered by the students, are featured in the film. Additionally, Sundancer was displayed at the Smithsonian Institute, showcasing the team’s innovation and accomplishments to the world. ...

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Stocks head higher as energy, banks, retailers recover

U.S. stocks are broadly higher Thursday after a sharp drop late in the previous day. Energy companies are rising with the price of oil and retailers are up after a series of strong sales reports. Banks are also climbing as bond yields rise. KEEPING SCORE: The Standard & Poor’s 500 index added 8 points, or 0.4 percent, to 2,361 as ...

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Mississippi Power: Another month, another $99M for Kemper

Mississippi Power Co. said Monday that it needs one more month and another $99 million to finish its $7.2 billion Kemper County power plant. The subsidiary of Atlanta-based Southern Co. said in a stock filing that it has finished repairs from a March tubing leak. The company aims to have the plant fully running by April 30, completing work more ...

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US stock indexes edge higher in early trading; Oil up

U.S. stock indexes edged higher in morning trading Tuesday, recovering after an early slide. Investors weighed the latest batch of company earnings and economic news. Banks and other financials stocks led the gainers, while phone company stocks were down the most. Energy stocks rose as oil prices were headed higher. KEEPING SCORE: The Dow Jones industrial average rose 38 points, ...

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Trump cheers Exxon plan to spend $20B on Gulf Coast projects

President Donald Trump and Exxon Mobil Corp. exchanged praise for each other on Monday as the company announced plans to create thousands of jobs by spending $20 billion over 10 years on plants along the Gulf Coast. Exxon’s plan started long before Trump entered the White House, however. It includes investments that began in 2013. Exxon said Monday the work ...

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Kemper plant forces Moody’s downgrade

By JACK WEATHERLY Moody’s Investors Service, a leading credit rating firm, has downgraded $800 million of Mississippi Power Co.’s debt securities because of continuing problems with the utility’s coal-gasification power plant in Kemper County. The downgrade means that future credit for the power company, which has about 186,000 customers in the state, stands to be more expensive. Moody’s lowered the ...

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Natural gas could cost less than coal for Kemper plant

Mississippi Power Co. says the power plant it’s building in Kemper County will be cheaper to run on natural gas than on its planned fuel of lignite coal unless gas prices are high. The unit of Atlanta-based Southern Co. filed that analysis Tuesday. On Wednesday, the utility announced it needs more time to complete the $7 billion Kemper plant, which ...

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