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MBJ FEATURE

Utilities’ fuel purchase practices will be scrutinized

Audits of Mississippi’s electric utilities that were performed by HORNE LLP and Nicholson last year for approximately $1 million and $600,000, respectively, will be bid out this year, per a vote last week by the state Public Service Commission. Commissioner Leonard Bentz did not want to advertise for bids. The Commission, like other state agencies, is not required by law ...

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Golden Triangle key for Trustmark

Memphis, Tuscaloosa markets also drawing cards Trustmark National Bank executives looked with envy at competitor Cadence Bank’s dominance throughout the economically resurgent Mississippi Golden Triangle and Cadence’s strengths in such markets as Memphis and Tuscaloosa. They turned envy to action this week with the signing of a “definitive” agreement to acquire the $1.8 billion Starkville-based bank holding company in a ...

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Putting a number value to the Viking

Economic impact study of ‘The Viking’ should get it done The PGA Tour’s Viking Classic at Annandale has what tournament officials believe is its strongest field ever. John Daly, David Toms, Rocco Mediate and Boo Weekley are the most prominent names who will compete in this year’s Viking, which tees off Thursday morning. With all that star power, though, it’s ...

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Volunteers make tourney go

There are 1,200 volunteers whose work at the Viking at Madison’s Annandale Golf Club is done almost exclusively behind the scenes During the Pro-Am that preceded the 2004 Southern Farm Bureau Classic, Derrel Palmer was serving as a walking scorer for the group that included Fred Funk. Several holes in, Palmer sought out a bench adjacent to the tee box ...

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From customer to CEO

Former The Pantry exec, Paci, takes over leadership of McAlister’s As Frank Paci’s career took him across the U.S., there were two constants — positions of ever-increasing responsibility and McAlister’s Deli. Everywhere he went, there was a McAlister’s. Now, Paci and McAlister’s have reached an intersection. Paci begins Monday as the new president and CEO of the quick-casual restaurant chain ...

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Forbes: Shale gas means flat prices until 2020

That’s bad news for Mississippi Power Company, which bet $2.4B of its ratepayers’ money that natural gas prices would not remain flat Forbes blogger Daniel Fisher reports that natural gas from shale will likely keep gas prices flat at around $5 per million Btu through 2020. If Forbes’ numbers come to fruition, Mississippi Power Company customers paying for the $2.4-billion ...

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Investment group sues Mississippi Valley Title

A year into the Evans scandal, a creditor in the case has sued Mississippi Valley Title Insurance Company for damages, alleging negligence. Previously, all lawsuits targeted the Evans brothers, who were originally sued by MVT for allegedly running a commercial real estate scheme that used banks as investors. Ridgeland-based G&B Investments alleges that after the Evans brothers defaulted on a ...

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Cotton prices may be good for farmers, but…

While Mississippi’s farmers enjoy a harvest season with cotton prices hovering near 15-year highs, clothing retailers keep a wary eye on the situation. Since the first of the year, cotton prices have doubled. In early September, the price of one pound of raw cotton hit 93 cents, and has since hovered around the 90 cent mark. That’s the highest level ...

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Is Russia reneging on poultry pact?

The brand new poultry trade agreement between the U.S. and Russia looked to be in some jeopardy earlier this month after U.S. officials alleged Russia was reneging on the deal. However, the issues appear to have been resolved and U.S.-raised chicken is on its way to Russia, the top U.S. and Mississippi poultry importer — at least for now. Jim ...

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Poultry association: Kemper could cost jobs in Mississippi

Last week the Mississippi Poultry Association (MPA) said that high electricity rates caused by the $2.4-billion Kemper County IGCC Plant could cause Mississippi to lose jobs in the poultry industry – the state’s largest agricultural industry with a $6 billion and 50,000-job state impact. “Our folks work on very small margins,” said Mark Leggett, association president. Leggett wrote a letter ...

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