Home » NEWS » Energy (page 20)

Energy

Kemper power plant overruns climb another $25 million

JACKSON — Mississippi Power Co. said Tuesday it will spend at least another $25 million to finish the power plant it’s building in Kemper County, pushing total costs to nearly $6.3 billion. Jeff Shepard, a spokesman for the unit of Atlanta-based Southern Co., said the money will pay for further “startup and commissioning activities, as well as operational readiness.” Mississippi ...

Read More »

Moody’s cuts Mississippi Power rating despite rate increase

JACKSON — An emergency rate increase granted by regulators was not enough to keep a bond rating agency from downgrading Mississippi Power Co.’s debt. Moody’s Investors Service cut the debt rating FRIDAY on the unit of Atlanta-based Southern Co. by a notch to Baa2. The agency still rates Mississippi Power’s bonds as investment grade, but that’s the second-lowest investment grade ...

Read More »

PSC grants Mississippi Power interim rate hike

Associated Press State utility regulators agreed Thursday that Mississippi Power Co. needs more money immediately, granting the company an 18 percent rate increase that, while temporary for now, could become permanent by December. The Mississippi Public Service Commission voted 2-1 Thursday to allow the utility to raise rates starting with bills beginning Aug. 20. A residential customer who uses 1,000 ...

Read More »

Biloxi council agrees to legal fees for BP claims

BILOXI — Following a meeting behind closed doors, the Biloxi City Council accepted a $200,000 offer to settle a dispute over fees charged by the law firm that fought for the city’s $4.9 million oil spill claim. The Sun Herald reports the city council unanimously approved two resolutions Monday reducing the 20 percent cut owed to lawyers who spent more ...

Read More »

Biloxi council negotiating over BP legal fees

BILOXI — The city of Biloxi hasn’t yet received its $5.9 million settlement from BP from the Deepwater Horizon oil spill but city officials are trying to get attorneys to reduce the 20 percent contingency fee. The Sun Herald reports a special meeting was called Thursday to discuss the 2012 contract with Biloxi law firm Page, Mannino, Peresich and McDermott. ...

Read More »

Lower than predicted natural gas prices means Entergy Mississippi users to get bill credits for 6 months

JACKSON — Entergy Mississippi customers will get a refund over the next six months thanks to lower natural gas prices. The Mississippi Public Service Commission on Thursday approved a plan for Entergy to issue $46 million in bill credits to customers beginning in September and ending in February. A residential customer using 1,000 kilowatt hours of electricity per month will ...

Read More »

PSC to vote next week on Miss. Power rates, approves refunds

JACKSON — State utility regulators plan to decide Mississippi Power Co.’s request for an 18 percent rate increase on Aug. 13. The three-member Public Service Commission set the next meeting Thursday, after taking testimony from company officials saying the unit of Atlanta-based Southern Co. urgently needs the additional $159 million a year from its 186,000 customers. Mississippi Power wants the ...

Read More »

Bryan Thomas joins Twin County

Bryan Thomas, of Greenville, has been appointed to serve on the Twin County Electric Power Association Board of Directors. Thomas, a Greenville native and graduate of Delta State University, has worked in banking and finance for 15 years and is employed at CB&S Bank in Greenville. He also helps on his family farm, located in the Greenville area.

Read More »

LETTER TO THE EDITOR: Thomas Blanton’s response to Bill Crawford column

Response to Bill Crawford column: July 19, 2015 (BILL CRAWFORD: Blanton, court make higher rates likely for MPC customers) Misinformation is the worst kind. Mississippi Power used to be a beloved part of South Mississippi. However their corporate culture has transformed itself over the past few years. In the past it did not threaten its customers, subject its customers to ...

Read More »