Tax Cuts and Jobs Act Passed in Congress Benefit Electric Utilities

Tax Cuts and Jobs Act Passed in Congress Benefit Electric Utilities

The president of Edison Electric Institute (EEI), Tom Kuhn, the Tax Cuts and Jobs Act “is a win for America’s electricity customers and for investment in critical energy infrastructure.”

“This legislation will grow our economy and encourage much-needed investment in our nation’s infrastructure,” Kuhn said.

According to an article in the Daily Energy Insider, EEI is pleased with the changes in the final conference agreement, which had included provisions the group says are important to its member companies and its customers. One such item is the decreased corporate tax rate. The tax bill would allow companies deduct 100 percent of capital project costs from taxes year one, rather than smaller amounts over time, therefore freeing up investment funds.

Learn more by reading the complete article at  Daily Energy Insider.

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Midcontinent Independent System Operator to Issue RFP for 500kV Project

Midcontinent Independent System Operator to Issue RFP for 500kV Project

Midcontinent Independent System Operator (MISO) announced an RFP December 19 to build a 500kV line and substation to enhance power market efficiency in Louisiana and Texas. Proposal submissions will be due in July.

The project involves the upgrade of an existing 230kV substation to 500kV, the building of a new 500kV substation, the reconfiguration of 230kV lines and the construction of about 21 miles of 500kV transmission from Hartburg, Texas, near the Louisiana state line, southwest to the new substation near Vidor, Texas.

Texas and Louisiana will both see benefits from Midcontinent Independent System Operator’s newest 500kV line and substation project set to begin January 2019.

The project will cost an estimated $130 million. Click here to read S&P Global’s full story on the plans leading up to this project

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AEP Invests $4.5 Billion in Oklahoma Wind Power  Copy

AEP Invests $4.5 Billion in Oklahoma Wind Power Copy

AEP’s Wind Catcher project includes the purchase of a 2,000-megawatt wind farm that Invenergy LLC is building in Oklahoma. Construction of a 765kV power line that would run approximately 350 miles is also part of the proposal. The company is currently talking with states about cost recovery programs once the project is in service.

There have been waves of concern surrounding the selection process and cost estimates of the “Wind Catcher Energy Connection.” Paul Patterson, an analyst with Glenrock Associates LLC, commented, “It’s not surprising that there’s opposition. It’s a big, large, complicated project, and there are a lot of things that have to fall into place.”

Learn more about concerns and options surrounding this project by reading the whole story at E&E News.

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LEADERSHIP MISSISSIPPI

LEADERSHIP MISSISSIPPI

Amanda Lott, Irby’s Director of Human Resources and Employee Development has been selected to participate in the 2018 class of Leadership Mississippi.

Leadership Mississippi is the second oldest statewide leadership program. The M.B. Swayze Foundation supports the program, which is highly sought after. Program alumni select participants by way of a competitive application process gives special consideration to community involvement.

Amanda will work together with her fellow class members in a training program that includes group sessions, project experience, and individual study.

Since its inception in 1974, Leadership Mississippi has graduated more than 1,300 alumni active in Mississippi business and politics. Many elected leaders, including a former governor, are graduates and recognize the value of the Leadership Mississippi experience.

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A BIG IRBY WELCOME

A BIG IRBY WELCOME

Stephen King (not the author) joined Irby Construction Company as Director of Information Systems this December.

Irby is proud to welcome Mr. King to the team. He has enjoyed a long career in technology and comes to Irby most recently from Hudson’s Bay Company. Stephen is a Jackson area native and a graduate of Mississippi College.

Stephen and his wife Stacy have two sons, Wiley and Hunter. Wiley is an adult St. Jude kid survivor. He has battled a brain tumor since his high school days. Hunter is a graduate of Mississippi College and also in the computer field.

When Stephen is not at Irby, you can find him on stage or in the recording studio playing guitar and making music. In fact, Stephen was inducted into the Blues Hall of Fame in 2014.

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