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B Presley

Presley: Power associations may owe customers millions

From Public Service Commissioner Brandon Presley:  Today, Public Service Commissioner Brandon Presley revealed the results of an initial inquiry by his office into the accumulation of excess funds by many of Mississippi’s electric power associations (EPAs). Unlike customers of large investor-owned electric utilities such as Entergy and Mississippi Power, power association customers are the owners […]

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Posted in Business news, Energy, Northeast Mississippi, State0 Comments

Kior logo.

AP: Biofuel maker KiOR may be looking at bankruptcy

From the Associated Press:  Struggling biofuel firm KiOR says in a financial filing that it will run out of money by September and that bankruptcy could follow. The company, which built a refinery in Columbus to turn wood chips into synthetic oil, owes Mississippi $69.4 million. The Mississippi Development Authority has agreed to delay payments […]

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Posted in Business news, Energy, National0 Comments

Utility savings

Mississippi ag businesses can get breaks on utility bills

Public Service Commissioner Brandon Presley said in a news release today that agricultural businesses in Mississippi can take advantage of a change in tax law which may lower their utility bills.  The change, which went into effect July 1, exempts certain agricultural business from being charged state sales tax on their energy bills, particularly bills for […]

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Posted in Agriculture & livestock, Business news, Energy, Northeast Mississippi0 Comments

As temperatures rise, so are gas prices

As most of you have probably noticed, it’s not a bargain at the gas pump.  Gas prices nationwide are at the highest they’ve been since last September. As the weather gets warmer, demand also increases. AAA said a short-term peak “should”  be within sight. While the average price in the U.S. is $3.54 a gallon, […]

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Posted in Business news, Energy, Gas prices, National, Northeast Mississippi0 Comments

ICYMI: Pontotoc ethanol plant still on drawing board

If you missed the story in Sunday’s Journal, it seems the proposed $100 million ethanol plant in Pontotoc is still on the drawing board, five years after being announced. An excerpt from the story: Five years have passed, and a planned $100 million ethanol plant is no closer to being built. Little has changed from […]

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Posted in Business news, Economic development, Energy, International, National, Northeast Mississippi, Pontotoc, Technology0 Comments

Biodiesel plant owner lost millions, fined in Ark. venture

Be sure to read today’s story in the Daily Journal about JNS Biofuels, the plant that exploded and burned for two days last week in New Albany, and its owner. Here are excerpts: The owner of the biodiesel plant in New Albany that exploded last week said his losses could exceed $500,000, but that he intends […]

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Posted in Business news, Economic development, Energy, Manufacturing, National, New Albany, Northeast Mississippi0 Comments

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