During Tuesday’s Morning trade, Shares of Southern Co (NYSE:SO), gained 0.87% to $44.40.
The Mississippi Public Service Commission approved the largest solar installations in Mississippi, making Mississippi Power the largest partner in renewable energy in the state.
Mississippi Power is collaborating with three solar energy businesses and the U.S. Navy to build 105 MW of utility-scale solar electric generating farms at three different locations in the company’s service territory.
“These cost-effective, utility-scale solar energy projects once again place Mississippi Power at the forefront of the state’s energy economy by adding renewable energy into the company’s portfolio,” said Mississippi Power President Anthony Wilson. “Working together with our partners, these projects will have a substantial impact on the amount of electricity generated by renewables in Mississippi.”
The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi.
Shares of Quanta Services Inc (NYSE:PWR), inclined 1.32% to $21.52, during its current trading session.
Quanta Services, declared that company administration will present at the Baird 2015 Industrial Conference to be held November 9-11, 2015, in Chicago. Jim O’Neil, chief executive officer and Kip Rupp, vice president – investor relations, will present at the Baird 2015 Industrial Conference on Tuesday, November 10, 2015, at 2:00 p.m. Central time.
Quanta Services, Inc. provides specialty contracting services to the electric power, and oil and gas industries in North America and internationally. The company’s Electric Power Infrastructure Services segment provides network solutions comprising design, installation, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure, and substation facilities.
Finally, Shares of Statoil ASA (ADR) (NYSE:STO), lost -0.99%, and is now trading at $15.99.
Statoil, has received an Expert calculation of revised tract participations for the Agbami field in Nigeria. Assuming implementation, this calculation will result in a reduction of 5.17% in Statoil’s equity interest in the field from 20.21% to 15.04%.
Statoil formerly initiated arbitration proceedings to set aside interim decisions made by the Expert. By a decision received by Statoil on 4 November 2015, the arbitration tribunal has declined to set aside the Expert’s interim decisions.
Statoil is presently assessing its position in relation to the Expert’s decision and the decision of the arbitration tribunal.
Statoil has so far made an accrual of NOK 7.5 billion. Assuming implementation in accordance with the Expert ruling, Statoil will have to compensate other equity owners at Agbami of about NOK 1.6 billion in addition to the accrual as of end third quarter 2015. Eventual settlement of any imbalance amount will be made over time through cash-calls issued by the unit operator.
Statoil ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. The company operates through Development and Production Norway; Development and Production International; Marketing, Processing and Renewable Energy; and Other segments.