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Random News from Tambang.Org

SouthGobi Energy Resources Reaches 2008 Target Coal Production of One Million Tonnes Ahead of Schedule and Below Budget at Its Ovoot Tolgoi Coal Mine in Southern Mongolia

Peter Meredith, Chief Executive Officer of SouthGobi Energy Resources Ltd., and Gene Wusaty, Chief Operating Officer, Coal Division, announced today that the Ovoot Tolgoi mine in southern Mongolia has produced its first 1,000,000 tonnes of coal ahead of schedule and below budget.
“We are very pleased to announce this coal production milestone at Ovoot Tolgoi,” Mr. [...]

PECO to Lower Gas Rate by 5%, Effective Sept. 1

PECO will lower its natural gas rate, effective Sept. 1, due to a projected decrease in gas supply costs in the wholesale market. The bills for the typical residential customer will drop by 5.1 percent, or about $7 a month.
PECO can adjust the “purchased gas cost” portion of its gas rate each quarter, if necessary, [...]

Exelon Plays Leadership Role in 2008 Wharton Energy Conference

Exelon is playing a leadership role at today’s Wharton Energy Conference, which brings together more than 200 energy industry thought leaders and business school students for a meaningful discussion about the future of energy.
“Exelon has been a proud sponsor of this event for three years in a row,” said Delia Stroud, vice president of public [...]

AltaRock Energy Finalizes Deal with Weyerhaeuser to Explore Engineered Geothermal System (EGS) Potential on 667,000 Acres in California, Oregon and Washington

AltaRock Energy Inc. announced it had finalized agreements with Weyerhaeuser Company and the Weyerhaeuser Company Foundation allowing it to explore the potential for developing geothermal projects in California, Oregon, and Washington.
The geothermal rights, totaling nearly 667,000 acres, include approximately 25,400 acres in Northern California, 378,500 acres in south-central and western Oregon, and 263,000 acres in [...]

Nicor Declares Dividend

The Board of Directors of Nicor Inc. (NYSE:GAS – News) declared a quarterly common stock dividend of 46.5 cents per share, payable May 1, 2011, to stockholders of record on March 31, 2011. This payment continues the annual rate of $1.86 per share and represents the 229th consecutive quarterly dividend payment by the company.
Nicor [...]

Knife River Outsources Fuel Management to FuelQuest

FuelQuest, Inc., the leading on-demand software and services company for the global downstream energy industry, announced today that Knife River Corporation has chosen FuelQuest’s Fuel Management Services to provide centralized control and management of its fuel procurement. As the eighth largest aggregates producer in the U.S., Knife River operates a multitude of sites across 17 [...]

XcelPlus Global Holdings Signs Letter of Intent to Acquire Worldwide Rights to New Alternative Energy Technology

XcelPlus Global Holdings, Inc. announces that it has recently signed a Letter of Intent with Total-Fuels of Las Vegas, Nevada and two developing partners for worldwide marketing rights to their patented technology.
The technology allows normal cars to use both E85 and gasoline with the same ease as a new car manufacturer does. The automatic unit [...]

Tenaska Solar and Soltage Invest in Solar Energy Development

Tenaska Solar, LLC announced an equity investment in Soltage, LLC to expand the development and use of solar-generated electricity.
Soltage, a privately-held full service renewable energy company, is based in Jersey City, N.J. The company develops, finances, installs, owns and operates solar electricity generating stations which provide electricity to businesses nationwide.
Tenaska Solar, based in Omaha, Neb., [...]

Piedmont Natural Gas Announces Membership in Council for Responsible Energy

Piedmont Natural Gas announced its membership in the Council for Responsible Energy, a coalition of more than 190 organizations that have come together to raise awareness of natural gas as the comfortable, responsible energy choice for America’s energy consumers.
The Council, comprised of senior industry leaders from organizations nationwide, has launched a national campaign to communicate [...]

Allegheny Power Embarks on Advanced Utility Infrastructure Projects

Allegheny Power, the electric delivery subsidiary of Allegheny Energy, Inc., is deploying Advanced Utility Infrastructure (AUI) projects that will help identify new technologies for the nation’s electricity grid.
Such projects hold the potential to move beyond technologies such as smart meters to an advanced communications and control network that links utility infrastructure with customers’ equipment and [...]