Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE: MPR), announced today that the Company’s Systems business unit has received approximately $1.2 million in orders to design and fabricate thermal oxidizer systems. These orders, one from a Fortune 500 company in the Southwest United States and the other from...
Green Gas Americas Inc., a subsidiary of Green Gas International B.V., announces that its USA-based gas-to-energy project became operational on 6 October 2008. The Green Gas Pioneer Crossing Energy project has a 6.4-megawatt (MW) capacity power facility and the current operating permits allow an estimated 50 million kilowatt-hours of renewable energy...
NiSource Inc. unit Columbia Gas Transmission Corp. and MarkWest Energy Partners, LP announced their intention to jointly expand natural gas gathering and processing services to support increased production volumes in the Appalachian Basin of central West Virginia. Columbia Gas and MarkWest are in discussions with several natural gas producers regarding...
Reliant Energy today completed the previously announced sale of its Bighorn Generating Station for approximately $500 million to Nevada Power Company (DBA NV Energy), a wholly owned subsidiary of Sierra Pacific Resources. Reliant Energy expects to record a pre-tax gain of approximately $45 million during the fourth quarter of 2008 on the sale of the...
Atlas Pipeline Partners, L.P. announced that it has appointed Eugene N. Dubay as an independent member of the Board of Directors. Mr. Dubay has been a Senior Vice President and Chief Operating Officer of Continental Energy Systems (formerly SEMCO Energy) since 2003. Prior to joining Continental Energy, he held executive level positions at ONEOK, Inc...
Large commercial and industrial customers have rated Allegheny Power, the electric delivery business of Allegheny Energy, Inc., as one of the leaders in customer satisfaction among electric utilities in the United States. Allegheny ranked number one in the Northeast Region in the 2008 TQS Research, Inc. Benchmark Survey of 60 large utilities. This marks...
Reliant Energy announced that it has entered into a definitive agreement with an affiliate of First Reserve Corporation related to Reliant’s previously announced commitment for the issuance of $350 million of Reliant convertible preferred stock to First Reserve. The company noted that the definitive agreement is based on the terms outlined in the...
A PPL Corporation subsidiary has filed an application with the U.S. Nuclear Regulatory Commission for a license to build and operate a new nuclear plant under consideration near Berwick, Pa. The Bell Bend nuclear plant would be built near the company’s existing two-unit Susquehanna nuclear power plant, a facility that has been generating safe...
Triple Point Technology®, the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that Enterprise Products Partners L.P., with an enterprise value of nearly $21 billion, has chosen Triple Point’s Commodity XL for Hedge Accounting™ to ensure FAS 133 compliance and protect against earnings...
Service to 93 percent of FirstEnergy’s utility operating company customers has been restored following Sunday’s massive wind storm. As of 10:00 a.m. Thursday, approximately 70,400 customers of Ohio Edison, Cleveland Electric Illuminating Company, Pennsylvania Electric and Pennsylvania Power remain without service. Approximately 3,000 line,...