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Entergy Mississippi cuts rates by $102M as natural gas dips

Entergy Mississippi cuts rates by $102M as natural gas dips

JACKSON, Miss. (AP) — Entergy Mississippi just can’t cut electrical rates fast enough to keep up with falling natural gas prices, and Mississippi Power Co. isn’t far behind. The unit of New Orleans-based Entergy Corp. will cut rates by $102 million in coming months on its 442,000 Mississippi customers. For residential customers who use 1,000 kilowatts of electricity per month, ...

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Mississippi close to landing big industry

Mississippi Map

JACKSON, Miss.— Mississippi could be days away from landing a major industrial project, as pieces of the recruitment effort including special utility rates and incentive legislation are moving forward. The state Public Service Commission voted 3-0 Tuesday to allow Energy Mississippi to offer a special electrical rate to an unnamed industry. Cecil Brown, Democratic Central District public service commissioner, said ...

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Study shows more extensive coral damage related to BP spill

NEW ORLEANS — Gulf coral damage from the massive BP oil spill is more extensive than previously thought, according to a new study that revealed sick and dying corals in the rich, deep-water environment off the coasts of Alabama and Mississippi known as the Pinnacles. Using remotely operated submarines, researchers explored the Pinnacle Reef in September 2011 and found more ...

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Parts sold from biofuel plant that owes Mississippi $79M

JACKSON, Miss. — Equipment from the failed KiOR biofuel plant in Columbus is being sold, but Mississippi taxpayers are likely to recover little of the $79 million that the state is seeking. Iowa-based REG Synthetic Fuels is paying a receiver $1.5 million for some refining equipment at the KiOR plant, which was supposed to turn wood chips into a crude ...

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Editorial: Don’t squander oil spill settlement funds

Horrible things happened on April 20, 2010, deep in the Gulf of Mexico. International oil giant BP made huge blunders that led to a catastrophic and deadly failure we now know as the Deepwater Horizon Macondo oil drilling disaster. Last week, the company agreed to an approximately $19 billion settlement with Southern states whose shorelines were affected by the spill. ...

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Storm leaves 170,000 without power in U.S. Gulf Coast

Almost 170,000 homes and businesses were without power early on Tuesday from Texas to Mississippi after severe storms battered the U.S. Gulf Coast states on Monday, according to local utilities. The storms moved from west to east, hitting Texas first. Power companies in Texas said they expect to restore power to most customers later on Tuesday, but would not be ...

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Vanguard Natural Resources to acquire Eagle Rock Energy

pumpjacked

HOUSTON — Vanguard Natural Resources LLC will acquire Eagle Rock Energy Partners LP in a $474 million deal. The agreement was announced Thursday by the Houston-based companies. Vanguard Natural Resources will also assume $140 million of debt from Eagle Rock Energy Partners, which will become a wholly-owned indirect subsidiary. The agreement requires approval of the boards of both companies. Vanguard ...

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Goodrich Petroleum cuts oil drilling in La. and Miss.

JACKSON, Miss. — Low oil prices mean the driller that has been the most bullish on an oil region that straddles the Louisiana-Mississippi line is cutting back. Goodrich Petroleum Corp., based in Houston, said Friday that it will spend $80 million to $100 million on exploration and drilling this week, down from $150 million to $200 million it had previously ...

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Boom goes the pipeline, again

natural gas explosion

On Monday morning another gas pipeline exploded, marking the fourth extreme accident involving a U.S. pipeline just this month. The gas pipeline in Brooke County, West Virginia, is owned by Enterprise Products LP.  Several eye witnesses stated all they could see was a massive fireball rocketing hundreds of feet in the air.  One witness told emergency dispatchers that the explosion ...

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