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Communities win Excellerator Grants from Entergy

Entergy has awarded communities more than $100,000 in matching grants through the company’s Excellerator Competitive Communities program. In its fourth year, the program recognizes excellence in marketing, site readiness and organizational excellence. “These grants are more important than ever as we work to help Mississippi recover from the economic impacts of COVID-19,” said Ed Gardner, Entergy Mississippi director of business and economic ...

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Entergy to build 100-megawatt solar farm in Delta

The Mississippi Delta will soon be home to the largest utility-owned solar farm in the state, after receiving approval from the state Public Service Commission.  Recurrent Energy, a solar facility manufacturer, will build the project on behalf of Entergy Mississippi, LLC. The project should be complete by no later than mid-2022. Once built, Entergy will assume ownership for the life ...

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Mississippi inflated dome to store exports to Asia, Europe

A storage dome was inflated in Mississippi to house wood pellets that will be used as sources of fuel abroad. Enviva, the world’s largest producer of industrial wood pellets, announced Tuesday on Facebook that it has inflated the dome at the port of Pascagoula in Jackson County. It will be used to store materials that will be exported through a new terminal ...

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99-cent gasoline foreseen as a definite possibility

By JACK WEATHERLY Ninety-nine cents for a gallon of gasoline? When was that? Back in the ’60s? How about later this year?  “I don’t think I’ve ever seen such a collapse in prices, even including the Great Recession. What we’re witnessing is easily going to go down as the great collapse in oil demand,” said Patrick DeHaan, head petroleum analyst ...

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Coronavirus rekindles oil spill memories along Gulf Coast

The spring of the coronavirus feels a lot like the summer of oil to residents along the Gulf Coast. Bars and restaurants are empty in Florida because of an invisible threat nearly a decade after the BP oil spill ravaged the region from the ocean floor up, and condominium reservations have taken a nosedive in Alabama. There’s no crude on the ...

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Mississippi Power customers to see rate decrease

Rates are going down for customers of Mississippi Power. The Mississippi Public Service Commission voted Tuesday to lower rates for customers in the state, starting with their next billing cycle, WLOX-TV reported. “The approval means a $2.48 reduction for residential customers using 1,000 kilowatt-hours of energy a month. The reduction will begin with April’s bills,” said Jeff Shepard, a spokesman ...

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Low prices, virus cited in calls to delay US oil lease sale

NEW ORLEANS — Low prices and concerns about the new coronavirus should postpone a Gulf of Mexico oil lease sale planned for Wednesday, environmental groups said Tuesday. “As prices collapse, it’s insane to move forward with this bargain basement sell-off of our public resources,” Raleigh Hoke, campaign director for the New Orleans-based coalition Healthy Gulf, said in a news release. ...

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ANALYSIS — Tax hike is one thing, bright outlook for gasoline is another

By JACK WEATHERLY A hike in Mississippi gasoline tax has been bandied about for years as a solution for much-needed improvements in the state’s roads and bridges. But it continues to draw, at best, a luke-warm response from governmental leaders. Whether the increase were to occur, the good news is that the historical price of gasoline in the state continues ...

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Oil price keeps rising as industry eyes Iran-US conflict

The global benchmark for crude oil rose above $70 a barrel on Monday for the first time in over three months, with jitters rising over the escalating military tensions between Iran and the United States. The Brent contract for oil touched a high of $70.74 a barrel, the highest since mid-September, when it briefly spiked over an attack on Saudi ...

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TVA Announces Oxford and Lafayette County as one of ten communities for Innovation Academy 

   The Oxford-Lafayette County Economic Development Foundation (EDF) is proud to announce that Oxford and Lafayette County will be one of only 10 communities taking part in the recently launched Tennessee Valley Authority (TVA) Community Innovation Academy beginning in the spring of 2020. This program is focused on economic development and dedicated to teaching those in the industry how to ...

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