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Tag Archives: gas

Alternative fuels put to use in Mississippi

Rising gas prices along with pressures to “go green” have Mississippi municipalities and companies talking about using alternative fuels, such as propane and natural gas, to power their vehicles. A few municipalities – the City of Starkville, the Jones County Sheriff’s Office and the City of West Point – received Mississippi Development Authority (MDA) grants to convert vehicles to hybrids ...

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Cardinal buys gas storage facility for $148M

MONROE COUNTY — Cardinal Gas Storage Partners, LLC, has acquired Monroe Gas Storage Company, LLC, as well as an option on development rights to an adjacent depleted natural gas reservoir from High Sierra Monroe, LLC, a wholly-owned subsidiary of High Sierra Energy, LP, and certain other shareholders. The total consideration is approximately $148 million. Monroe is a FERC-regulated, high deliverability ...

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NGS Energy puts Leaf River in operation

SMITH COUNTY and JASPER COUNTY — On April 1, Leaf River Energy Center, LLC (Leaf River), a wholly owned subsidiary of NGS Energy, L.P., started commercial operation. Leaf River is a FERC-regulated facility located in Smith and Jasper counties, and has started allowing shippers to inject gas into its first cavern, which is permitted for eight billion cubic feet (BCF) ...

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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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Oil prices stay near $78 per barrel

Oil prices hovered around $78 a barrel this morning as traders weighed doubts about global oil demand against a weaker U.S. dollar, which made crude cheaper for investors holding other currencies. By midday in Europe, benchmark crude for February delivery was up 30 cents to $78.30 a barrel in electronic trading on the New York Mercantile Exchange. On Friday, the ...

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Which is it?

Mississippi Power wants to use coal while other energy providers move to gas   Mississippi Power Company wants to build a $2.2-billion lignite coal plant in Kemper County to fill an energy generation need because a dependence on pricey, volatile natural gas would be too expensive for rate payers. Yet the chief financial officer of Mississippi Power’s parent, Southern Company, ...

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