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KiOR says Mississippi scared off potential buyer for Columbus plant

Mississippi scared off a potential buyer for KiOR’s plant in Columbus, the Associated Press reports: The financier of a shuttered biofuel refinery is asking a Mississippi state court judge to name a receiver for the company’s Columbus plant, at the same time that he’s accusing the state of scaring off a potential buyer. Companies controlled […]

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Posted in Business news, Economic development, Energy, International, Mississippi Development Authority, National0 Comments

TVA logo

TVA asking for voluntary reduction in electricity use

The Tennessee Valley Authority is asking residential, commercial and industrial electric power customers to voluntarily reduce their use until Thursday afternoon as frigid temperatures sweep through the Valley, putting higher demand on the grid.  All of TVA’s available generating resources are being used to meet the peak power demand. TVA’s bulk electric system remains secure […]

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Posted in Business news, Energy, National, Northeast Mississippi, TVA0 Comments

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

TVA logo

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

KIOR logo

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

TVA logo

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

Bluefire-logo

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

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