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Tag Archives: energy

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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Legislation that could impact Hood lawsuit against Entergy passes House

JACKSON – Legislation that Attorney General Jim Hood maintains could negatively impact his potentially $1 billion lawsuit against Entergy passed the House Wednesday by an 89-27 margin. The bill will go back to the Senate where members can accept the bill as passed by the House and send it to the governor or invite negotiations. Democrats tried unsuccessfully to remove ...

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DeepWell buys Boots Smith Oilfield Services

By JACK WEATHERLY DeepWell Energy Services of Columbia has announced acquisition of Boots Smith Oilfield Services LLC of Laurel. The acquisition will make DeepWell the largest provider of transportation, rig moving and site preparation in the United States, it said in a release. The combination of the two companies will increase the DeepWell work force to 1,500 with estimated 2018 ...

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Mississippi regulators set to approve deal on utility rates

Mississippi utility regulators are likely Tuesday to approve a settlement on how much Mississippi Power Co. customers should pay for a troubled $7.5 billion power plant. Once touted as a model for the future of coal, the state Public Service Commission forced the unit of Atlanta-based Southern Co. quit construction in 2017, with shareholders absorbing about $6 billion in losses. ...

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Study: Federal utility shifts costs to residential customers

A study says the nation’s largest public utility has given large businesses breaks on electric rates over six years while residential customers’ rates increased. The Synapse Energy Economics Inc. study says the Tennessee Valley Authority’s industrial and direct-serve customers have received almost a 20 percent rate cut from 2011 to 2016, while residential customer rates increased 5 percent. The report ...

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Southern Miss joins consortium to study Tuscaloosa Marine Shale

The University of Southern Mississippi has joined a Department of Energy funded university consortium led by the University of Louisiana at Lafayette that will address knowledge gaps connected to the Tuscaloosa Marine Shale (TMS). The goal of the three-year project is to enable more cost-efficient and environmentally sound recovery from this unconventional liquid-rich shale play. The Las Alamos National Lab, University of ...

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