Inflation spike won’t last, Bernanke says

A recent increase in U.S. inflation is driven primarily by rising commodity prices globally, and is unlikely to persist, Federal Reserve Chairman Ben Bernanke said on Monday. The comments stood in sharp contrast to a string of U.S. central bank officials, some of whom have argued the time is coming for the Fed to begin tightening monetary policy. Earlier... 

Peabody Energy Announces New Business Development and Law Appointments

Peabody Energy announced today two new leadership appointments: Murray Hundleby has been named Vice President and Chief Legal Officer – Australia, and Rebecca L. Kujawa has been promoted to Vice President – Business Development. In this new position, Hundleby will lead the law department supporting Peabody’s Australian business platform from... 

Alpha close to $7 billion Massey deal: sources

Alpha Natural Resources is close to a $7 billion deal to buy Massey Energy Co, which was rocked by a deadly coal mining accident last year, sources familiar with the matter said on Friday. One of the sources said Massey shareholders will receive slightly more than one Alpha share for each Massey share in addition to $10 per share in cash, for a value... 

AEP Schedules Live Webcast of Quarterly Earnings Call

American Electric Power has scheduled a quarterly earnings conference call with financial analysts for 9 a.m. EST Friday, Jan. 28. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts. The webcast will include audio of the call as well as visuals of charts and graphics referred to by AEP management during the call. The... 

Duncan Energy Partners Increases Cash Distribution Rate and Announces Schedule K-1 Availability

Duncan Energy Partners L.P. today announced that the board of directors of its general partner declared an increase in the quarterly cash distribution rate paid to partners to $0.455 per common unit, or $1.82 per unit on an annualized basis. The quarterly distribution will be paid on Monday, February 7, 2011, to unitholders of record at the close of... 

KMP Begins Commercial Operations of Ethanol Transportation on Central Florida Pipeline System

Kinder Morgan Energy Partners, L.P. announced it is now transporting commercial batches of denatured ethanol along with gasoline shipments in its 16-inch Central Florida Pipeline (CFPL) between Tampa and Orlando, Fla., making CFPL the first transmarket gasoline pipeline in the United States to do so. Kinder Morgan has invested approximately $10 million... 

AmerenUE, Saint Louis University Join Forces to Launch Pioneering Weather Monitoring, Forecasting, Response System

AmerenUE and Saint Louis University’s Department of Earth and Atmospheric Sciences today announced Quantum Weather(TM) – a highly precise weather monitoring, forecasting, and response system for UE’s Missouri service territory. Part of UE’s Project Power On reliability initiative, this pioneering system can pinpoint severe weather... 

AEP Recognized as Military-Friendly Employer for Sixth Consecutive Year

G.I. Jobs magazine has named American Electric Power one of the nation’s 50 most “military-friendly” employers for the sixth consecutive year. AEP is among only seven companies that have appeared on the publication’s top-50 list each year since it was introduced in 2003. G.I. Jobs helps provide training and career opportunities... 

Pure Power Named ‘Most Successful’ New Green Power Program

The United States Department of Energy (DOE) has named UE’s Pure Power(TM) program the “most successful” New Green Power Program of the year, company officials report. DOE along with the U.S. Environmental Protection Agency and the Center for Resource Solutions are honoring 25 leading corporations, renewable energy suppliers and industry... 

Air Products to Supply Hydrogen to ExxonMobil in Louisiana

Air Products, the leading global hydrogen provider, today announced a long-term supply contract and plans to construct a new world scale hydrogen production facility, which will be connected to Air Products’ extensive Louisiana Hydrogen Pipeline Network, to serve ExxonMobil’s Baton Rouge, Louisiana refinery and additional customers in the...