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Tag Archives: generation

Governor signs Kemper plant-related bills into law

KEMPER COUNTY — Gov. Phil Bryant signed two bills into law yesterday, codifying a settlement between the Public Service Commission and Mississippi Power Co. over the company’s Kemper County power plant. Mississippi Power, a unit of Atlanta-based Southern Co., filed for a seven-year-rate plan as contemplated under one of the laws less than two hours after Bryant approved the measures. ...

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Entergy sees quarterly net income soar

NEW ORLEANS — Electric power company Entergy Corp.’s fourth-quarter net income nearly doubled helped by lower income tax expenses. The New Orleans-based utility earned $296.3 million, or $1.66 per share, in the three months ended Dec. 31, up from $154.1 million, or 87 cents per share, in the same quarter last year. Excluding one-time items, the company said it posted ...

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Entergy in court in Vermont over nuclear plant

JACKSON — The question of whether Vermont’s only nuclear plant can continue operating without the approval of state regulators goes before a federal appeals court today in a dispute that has gained increasing attention nationally about the boundaries of federal authority over a controversial power source. Entergy Nuclear Operations Inc. brought the issue to court. The utility won a decision ...

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Commissioners approve second part of Entergy's rate increase

JACKSON — Entergy Corp. will raise customer bills again starting later this month to pay the costs of Entergy Mississippi buying a share of the Grand Gulf nuclear plant from sister company Entergy Arkansas. A residential customer who uses 1,000 kilowatt hours per month will see his or her bill increase $2.78 per month from the current amount, according to ...

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More big equipment headed for Kemper power plant

ACROSS MISSISSIPPI — Another large piece of equipment will be moved next week to Mississippi Power Co.’s coal-powered power plant under construction in Kemper County. According to the Mississippi Department of Transportation (MDOT), on Jan. 9, a group of four wide loads will begin leaving Big Bee Valley in Noxubee County for the Kemper County plant. The loads will travel ...

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Entergy raising rates; cites storm, fuel costs, acquisitions

JACKSON — Entergy Mississippi customers will see a rate increase of about 5 percent in early 2013, according to the utility. The typical residential customer using 1,000 kWh will pay $95.63 in January and $99.71 in February. For comparison, in February 2012, the typical customer paid $95.08 per 1,000 kWh of electricity. “Electricity rates are determined by a number of ...

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TVA holding meeting to discuss new CEO's authority

NORTH MISSISSIPPI — The Tennessee Valley Authority is expected to have a special meeting today to discuss delegating authority to the utility’s new chief executive until it fills several vacancies on its board. The board is made up of nine members and five seats are pending congressional action, including one that’s up for reappointment. Congress is set to adjourn this ...

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Entergy shuts down nuke plant ahead of Isaac

KILLONA, La. — Entergy Corp. says it shut down one of its three nuclear power plants because of the approach of Hurricane Isaac, but two others remain in operation. The New Orleans-based power company says the Waterford 3 plant in Killona, La., will be powered-up after the storm passes. The plant is about 20 miles west of New Orleans in ...

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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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TVA dedicates newly purchased Magnolia power plant

ASHLAND — The Tennessee Valley Authority dedicated its largest gas-fired plant, Magnolia Combined Cycle Gas Plant, with a ceremony yesterday. TVA purchased the 968-megawatt natural-gas-fired plant, located near Ashland in August 2011. The dedication celebrated Magnolia’s distinction as the largest of TVA’s five high-efficiency, combined cycle gas plants. “Magnolia was purchased at less than half the cost of new construction ...

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