Tampa Electric Revises Fuel Projections; Lower Cost Increases Expected

Today, Tampa Electric filed a revised fuel forecast with the Florida Public Service Commission (FPSC). Due to lower projections for 2008 and 2009 natural gas prices and the company’s team members’ ongoing efforts to maximize the availability of its coal-fired generating units, the bill for a residential customer using 1,000 kilowatt-hours of electricity... 

Avista Re-Files in Oregon for Lower Annual Natural Gas Adjustment

Avista has re-filed a request with the Public Utility Commission of Oregon to decrease the company’s annual purchase gas cost adjustment (PGA) effective Nov. 1, 2008. If approved by the commission, a residential customer using an average of 53 therms of natural gas per month would see their monthly bill decrease by $3.28, or 4.1 percent, for a... 

New U.S. Company Turns Liquid Waste into Fuel

MagneGas Corporation, approved to be quoted on the Over the Counter Bulletin Board on September 30, 2008, symbol “MNGA”, announces that it has signed an exclusive and all-encompassing license with HyFuels, Inc. for the MagneGas Technology for North, South, Central America and the Caribbean Islands. This intellectual property consists of all relevant... 

Penn Virginia Confirms Fundamentals for Business Segments; Raises Quarterly Cash Distributions

Penn Virginia Resource Partners, L.P. and Penn Virginia GP Holdings, L.P. announced both PVR and PVG raised their quarterly cash distributions for the seventh and eighth consecutive quarters, respectively, as discussed further below. Management Comment A. James Dearlove, Chief Executive Officer of PVR and PVG, said, “PVR’s coal royalty and midstream... 

Hybrid Vehicles And The Cost Of Going Green

Hybrid vehicles reduce America’s dependence on foreign oil and minimize emissions from greenhouse gases. But it’s still a question whether they save money in the long run. The answer: maybe. Some models achieving well over 40 miles per gallon cost thousands more than equivalent gas models, which get 30 miles per gallon. Even with gas prices... 

Terasen Gas receives BCUC approval to lower natural gas commodity rates

Terasen Gas has received approval from the B.C. Utilities Commission (BCUC) to lower natural gas commodity rates for the majority of customers in B.C. The rate decreases will take effect October 1, 2008. “In response to changing market prices since our rate filings with the BCUC last week, we have updated our applications, requesting lower commodity... 

Brazil Turning to Sugarcane Bagasse Power Generation to Reduce its Dependence on Hydropower

Brazil is increasingly turning to alternative power generation fuels such as biomass in order to increase electricity supply and reduce its dependence on hydropower. Biomass power represents around 4.1 percent of the total installed capacity in Brazil at present and most biomass cogeneration is based on sugarcane bagasse. At present, sugarcane bagasse... 

International Energy Announces Breakthrough Diagnostic Technology for Algae-Derived Biofuels

International Energy, Inc., a developer of leading-edge technologies for the renewable generation of photosynthetic biofuels, today announced that researchers have devised and instituted an important patent-pending technology capable of rapidly determining the accumulation of bio-oil and other high-value compounds in microalgae, an important advancement... 

Sheetz Chooses Triple Point Oil Trading and Risk Management Software

Triple Point Technology®, the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that Sheetz, Inc., one of the largest gas and convenience store operators in the US with $3.8 billion dollars in annual revenue, has selected Commodity XL for Oil™ to manage wholesale gasoline procurement,... 

Terasen Gas applies to lower natural gas rates

Terasen Gas has now filed applications to the British Columbia Utilities Commission (BCUC) to reduce its natural gas commodity rates for customers in most regions of B.C. If the applications are approved, commodity rate decreases will take effect October 1, 2008. “We are pleased market conditions have changed allowing us to apply for lower customer...