Unique Safety Milestone Celebrated by Colonial Pipeline
Colonial Pipeline today celebrated 10 million hours of employees working without a lost work-time injury. The safety milestone represents more than seven years of employees working safely. In congratulating employees, Colonial CEO Tim Felt reminded that working safely is a job that starts fresh every day. “We are rightfully proud of this accomplishment, which is significant not only to our employees...
Exelon Generation and ODEC Sign 10-Year Energy Supply Contract
Exelon Generation announced that the Old Dominion Electric Cooperative (ODEC) awarded it a ten-year contract commencing on June 1, 2010 to provide 200 MWs of baseload generation capacity and energy. ODEC awarded Exelon the deal as a result of a competitive bidding process it initiated in June 2009. The long-term contract with ODEC fits squarely within Exelon’s hedging program designed to manage...
Composite Technology Expands Conductor Stranding Relationships
Composite Technology Corporation announce that its CTC Cable subsidiary has signed agreements with an overhead conductor manufacturer in Indonesia. In addition to setting out the process for the qualification of the manufacturer of ACCC™ conductor by stranding aluminum wire around ACCC™ core made by CTC Cable, the agreement with PT KMI Wire and Cable governs the commercial aluminum stranding of...
Major Potential Changes Seen in U.S. Energy Policy after 2008 Election
The 2008 presidential election will mean major changes in United States energy policy. William F. Weld, partner advising on government strategies and energy policy for the law firm of McDermott Will & Emery and a former two-term governor of Massachusetts, believes that the biggest impact will come on two issues: climate change (global warming) and dependence on foreign oil. Mr. Weld says both...
Progress Energy Carolinas Again Seeking Renewable Energy Projects
Progress Energy Carolinas is again seeking proposals for potential renewable energy projects and alternative energy providers, as part of the company’s balanced strategy for meeting the growing energy needs of 1.4 million households and businesses in the Carolinas. The company issued an open-ended request for renewable proposals in November 2007, and received a number of proposals for solar and...
Commerce Energy Sells Texas Retail Electric Business for $14.8 Million
Commerce Energy Group, Inc. said that its principal operating subsidiary, Commerce Energy, Inc., sold all of its retail electric service contracts in Texas to Ambit Energy, LP (Ambit), for an estimated $14.8 million. The purchase price includes $8.5 million in cash received on closing, a second payment of $2.7 million, reduced by customer deposits and adjusted for final customer count, to be received...
Quadrem to Provide eTendering Technology and Services for SKEC’s USD $2 Billion Gas Train Project
South Korean-based SK Engineering and Construction (SKEC) is using Quadrem solutions to manage sourcing and procurement communications with an international community of 5,000 suppliers. Approximately 300 to 400 tenders are expected to be issued by SKEC to support a gas train project it’s undertaking in the Middle East for a national petroleum company. “We chose Quadrem to handle Web-based...
Dominion Retail Completes Purchase of Texas REP Cirro Energy
Dominion Retail, an energy marketing subsidiary of Dominion, has closed on the purchase of Cirro Energy, a Texas retail electric provider (REP). Cirro Energy was founded in 2001 to provide superior customer service and substantial savings to business and residential customers throughout the deregulated areas of Texas. Cirro Energy supplies about 2.3 million megawatt hours annually to more than 50,000...
RAE Systems Makes Inroads Into the Latin American Energy Market
RAE Systems Inc., a leader in delivering innovative sensor solutions to serve industrial, energy, environmental, and government safety markets worldwide, has delivered personal and wireless toxic gas monitoring systems and instruments to the three largest Latin American oil producers: Pemex of Mexico, PDVSA of Venezuela and Petrobra of Brazil. “These regional wins have given us strategic leverage...
Quantum and Asola Announce Solar Expansion into Korea – Signs JV Agreement With Q&Tech/Yongsan to Build a 30 MW Solar Production Facility
Quantum Fuel Systems Technologies Worldwide, Inc. announced that its German solar photovoltaic partner, Asola has signed a Memorandum of Understanding to establish a joint venture manufacturing plant in South Korea, to enable production and distribution of high quality, German-designed solar modules in South Korea. The Korean partner Q&Tech / Yongsan Inc., is a high volume manufacturer of electronic...
Recent Energy News
Cetrel and Novozymes to Make Biogas and Electricity from Bagasse
Cetrel, the largest provider of environmental solutions for the manufacturing industry in Latin...
Innergex increases its net installed capacity by 53 % as Ashlu Creek starts commercial operation
Innergex Renewable Energy Inc. announces that the Ashlu Creek run-of-river hydroelectric power...
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