Archive | Energy

Brandon Presley

Report: Miss. electric co-ops don’t have a lot of spare cash

From Jeff Amy of the Associated Press: A review of Mississippi’s 25 electrical cooperatives shows that the utilities have relatively little spare cash that they should be refunding to customers. The review followed claims by Northern District Public Service Commissioner Brandon Presley that cooperatives had $160 million in cash. It turns out much of that […]

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

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TVA: $1.2B in investment and 4,700 jobs in Miss.

The Tennessee Valley Authority says its economic development efforts were successful in attracting and retaining more than 60,300 jobs and spurring a record $8.5 billion in business investments in the TVA region in fiscal year 2014. In Mississippi, TVA said its efforts resulted in 4,700 jobs and $1.2 billion in investment. Last year, TVA said across the valley […]

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Posted in Business news, Community development, Economic development, Employment and jobs, Energy, National, Northeast Mississippi, Tennessee Valley Authority0 Comments

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KiOR files for bankruptcy; Mississippi subsidiary doesn’t

From the Associated Press:  Biofuel maker KiOR Inc. has filed for bankruptcy, although its Mississippi subsidiary has not, preserving the chance that its Columbus plant could be sold quickly. The company, based in Pasadena, Texas, filed for Chapter 11 bankruptcy protection late Sunday in U.S. Bankruptcy Court in Delaware, where it’s incorporated. KiOR defaulted on […]

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Posted in Business news, Economic development, Energy, Manufacturing, State0 Comments

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TVA makes final payment to Congress’ on $1B investment

After more than 50 years, the Tennessee Valley Authority has paid off the original investment – with interest – from the U.S. Congress. More from TVA. We moved around parts of the press release higher up, deeming the details more important: The Tennessee Valley Authority has made the final scheduled payment on Congress’ original $1 billion investment […]

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Posted in Business news, Business newsmakers, Economic development, Energy, National, Northeast Mississippi, Tennessee Valley Authority0 Comments

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BlueFire Renewables could get $270M to build Fulton plant

BlueFire Renewables could get as much as $270 million from China’s Export Import Bank to finish building its cellulosic-ethanol plant in Fulton.  That project was first announced in 2009. The company said the $300 million plant would eventually employ 70-80 people and produce up to 19 million gallons of ethanol from green and wood wastes. Site […]

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Posted in Business news, Community Development Foundation, Economic development, Energy, Fulton, International, National, Northeast Mississippi, Technology0 Comments

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

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