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Tag Archives: utilities

USM sees $2M savings in energy costs

HATTIESBURG — Through state-of-the-art technology and smart energy use, the University of Southern Mississippi has cut energy consumption costs on its Hattiesburg campus by nearly $2 million in the past year. The savings are the result of an initiative by the Southern Miss Physical Plant to further maximize energy efficiency and reduce utility expenditures, keeping with one of the university’s ...

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TVA to complete nuclear reactor, raising rates

NORTH MISSISSIPPI — The Tennessee Valley Authority board voted unanimously yesterday to finish construction of the 37-year-old Bellefonte nuclear plant in Northeast Alabama and to increase rates for average residential customers by $1.60 a month in October. The nine board members took both votes — first on the plant and later on the rate increase — at a daylong meeting ...

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NRC upholds decision on TVA nuclear plant

NORTH ALABAMA — The U.S. Nuclear Regulatory Commission upheld a finding of a serious safety violation that will require increased inspection activities at the Tennessee Valley Authority’s Browns Ferry nuclear plant in North Alabama. The NRC responded Aug. 16 to TVA’s appeal of an earlier NRC finding of a rare red level violation following the October 2010 discovery of a ...

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TVA customers to see smaller power bills

NORTH MISSISSIPPI — Tennessee Valley Authority residential customers will pay a lower fuel cost on September bills, with the decrease ranging from 50 cents to $1.50. The Knoxville-based utility said in a statement yesterday that the lower monthly fuel cost is largely due to reduced demand. TVA’s fuel cost raised average monthly bills in August for residential customers by up ...

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Spokesperson: Grand Gulf upgrade will give boost

CLAIBORNE COUNTY — A spokesman for Entergy Nuclear says a pending upgrade for the Grand Gulf Nuclear station will be an economic boost for Claiborne County. Dillon Allen told a Vicksburg civic club that the station normally employs about 350 people. But at its height, the upgrade will see 2,200 or more total workers there. The work is set for ...

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TVA reports $240M third-quarter loss

NORTH MISSISSIPPI — Refueling outages at nuclear plants and a devastating storm combined with lower electricity demand impacted third-quarter financial results, the Tennessee Valley Authority reports. TVA recorded a net loss of $240 million on $2.7 billion in revenues for the third quarter, compared with net income of $199 million on $2.6 billion in revenues for the same period a ...

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TVA downplays S&P's rating downgrade

NORTH MISSISSIPPI — Standard & Poor’s has downgraded the TVA’s credit rating to “AA+,” but TVA says the downgrade is “not expected to have a material impact.” TVA CFO John Thomas said the utility’s top credit rating otherwise has been reaffirmed by Moody’s Investors Service Inc. Fitch rating service has yet to change its TVA bond rating. Thomas said the fundamental ...

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PSC approves landfill gas-to-electricity project

PONTOTOC — The Mississippi Public Service Commission (PSC) has unanimously approved the Three Rivers Solid Waste Authority’s request to construct a one-megawatt facility in Pontotoc County that will convert landfill gas to electricity, becoming the second project that uses that process in Mississippi. The power generated by the waste authority will be sold to the Tennessee Valley Authority (TVA) through ...

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TVA delays startup of second nuclear reactor

NORTH MISSISSIPPI — The Tennessee Valley Authority has delayed the startup of its second reactor at the Watts Bar Nuclear Plant from late 2012 to 2013. The change is included in a TVA statement yesterday that announced the Oct. 1 retirement of TVA Nuclear Generation Development and Construction senior vice president Ashok Bhatnagar. The statement said COO Bill McCollum has ...

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