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Dominion Virginia Power Line Crews Finishing Hanna Restoration Work Today

Dominion Virginia Power crews worked through the night to restore electric service to all but 2,000 of the 200,000 customers affected by tropical storm Hanna. Crews began completing the remaining restoration work early this morning and will wrap up this evening.
The largest number of outages occurred in Hampton Roads. The storm’s winds and heavy rain [...]

USEC to Webcast Conference Call on February 23 at 8:30 a.m. ET

USEC Inc. will broadcast its next quarterly conference call with shareholders and the financial community over the Internet on Wednesday, February 23, 2011, at 8:30 a.m. ET. The Company will release its earnings for the fourth quarter and full year 2010, which ended December 31, 2010, on Tuesday, February 22 after the close of [...]

Unite Reaction to Latest Inflation Figures

Unite joint general secretary, Tony Woodley says, “Workers are the victims of inflation not its cause. The Government must act to help those unable to cope. Our case for a windfall tax on the greedy oil companies and the utilities companies is unarguable. Its time to stop dithering and start acting.
“EDF is a perfect example [...]

Amiworld Plans to Increase Diesel and Biodiesel Production by 300%

Amiworld Inc., an international energy company engaged in the production and distribution of diversified fuel products and services with a focus on emerging global economies, today announced a strategic plan to increase both diesel and biodiesel production by at least 300% at the Company’s South American facility. The strategic plan further validates the Company’s aggressive [...]

South Carolina Electric & Gas Company Reaches Settlement Agreement on Fuel Cost Application

South Carolina Electric & Gas Co. (SCE&G), principal subsidiary of SCANA Corporation, has entered into a settlement agreement with the South Carolina Office of Regulatory Staff and the other parties of record regarding the company’s recent filing for a mid-period adjustment to the fuel cost portion of its electric rates. The agreement, which is subject [...]

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 [...]

Power Prices to Tumble for NSTAR Electric’s Largest Customers

Fourth quarter electricity costs will soon be falling by more than 21 percent for some of the state’s largest businesses after NSTAR secured contracts that are significantly lower than current rates. Under Massachusetts law, NSTAR buys electricity through a competitive bidding process on behalf of customers who receive their supply through the company’s Basic Service [...]

CMAI’s 2009 World Butadiene Analysis Brings Focus to Uncertain Supply & Demand Outlook

Chemical Market Associates, Inc. (CMAI) announces the completion of the 2009 World Butadiene Analysis, an annual global study that covers the future outlook for supply, demand, production, capacity, trade, pricing and profitability of the global butadiene and derivatives industries for the period 2003 to 2013. Included with the analysis is access to CMAI’s online capacity [...]

CanArgo Energy Corporation: Georgian Operations Continue Unaffected

CanArgo Energy Corporation issued a statement that operations in Georgia are continuing unaffected by the ongoing hostilities between Georgia and Russia over control of the separatist region of South Ossetia in the central Caucasus. Oil production operations, at the present time, continue as normal at the Company’s Ninotsminda Field which is located 35 kilometres to [...]

Gulfport Energy Updates Operations Following Hurricanes

Gulfport Energy Corporation announced that all four tank batteries at its West Cote Blanche Bay (“WCBB”) field were operational as of October 10, 2008. Total company production from October 11 to October 16, 2008 averaged approximately 5,784 barrels of oil equivalent per day (“BOEPD”) as compared to average production of 5,669 BOEPD from August 1 [...]