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CEMA NEWS

Customer performance obligations on heating oil contracts
CEMA
With collapsing heating oil prices, this season is shaping up to mirror that of 2008/2009 which resulted in customers trying to get out of the obligations of their fixed priced contracts, even buying off-contract C.O.D. gallons from competitors. It is the position of CEMA and the state of Connecticut that customers must fully comply with all contracts properly drawn up and will trigger liquidated damages fees if they breach the contract.
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New law suspends enforcement of CDL driver 34-hour restart
CEMA
A new law enacted by Congress and signed by the president suspends enforcement of the CDL driver 34-hour restart regulations adopted in July 2013. The law essentially forces the FMCSA to revert back to the “old” restart provisions in effect before July 1, 2013, which most petroleum marketers are familiar with and used for many years. The enforcement suspension will remain in effect until Sept. 30, or until the FMCSA completes a comprehensive driver fatigue study.
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Colder weather expected in February
CEMA
For those hoping for an early spring, it looks like you may be out of luck for most of the East. The chilly conditions will continue for areas east of the Rockies as January ends, while the trend in above-average temperatures in the West will continue as well. The weather forecast models are not showing signs of any sustained stretches of above-average temperatures over the next few weeks.
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Statement from NEFI Chair Sharon Peterson
CEMA
For the past four years, the New England Fuel Institute (NEFI) has implemented its 2010 Strategic Plan under the leadership of President/CEO Michael Trunzo along with past Chair Howard Peterson. With the onset of 2015, NEFI is taking further steps to build on its public policy mission and to enhance its educational services and member services. They begin the year strengthening and enlarging their staff in order to better serve you and the industry.
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New movie — 'A Most Violent Year'
CEMA
Hollywood has produced a new movie, A Most Violent Year, which will be hitting theaters on Jan. 30. It focuses on a heating oil company in Brooklyn, New York in 1981. Based on a copy of the screenplay that CEMA has read, it depicts the heating oil industry in a negative light, such as oil companies hijacking each other’s trucks, corrupt practices and organized crime involvement.
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AREE trade show May 12-14
CEMA
The Atlantic Region Energy Expo will be held May 12-14, at the Taj Mahal in Atlantic City, New Jersey. This year the show relocates from the Convention Center to the Taj. Admission to the tradeshow only is free (250 exhibitors and trucks), and hours are 10 a.m. – 4 p.m. on May 13, and 8:30 a.m. – 11:30 a.m. on May 14.
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IRS set to issue special claim procedures for retroactive biodiesel blenders credit
CEMA
From PMAA —

The Tax Increase Prevention Act of 2014 was signed into law on Dec. 19, 2014, and reinstates the one-dollar per gallon biodiesel and renewable diesel tax credits for 2014. The law authorizes blenders to file retroactive claims for all qualifying biodiesel blends created between Jan. 1, and Dec. 31, 2014.

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Gasoline dealer fined
CEMA
CEMA was recently contacted by the Department of Consumer Protection (DCP) about gasoline dealers who have been found to be selling unbranded gasoline at stations where they are flying a branded flag. A dealer who was recently found to be flying a branded flag, but was selling a different brand of gasoline is going through a compliance hearing at DCP and is subject up to $20,000 in fines.
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Federated Insurance partners with J.J. Keller to offer expanded selection of risk management strategies
CEMA
Federated Insurance is excited to announce a partnership with leading transportation, safety, and compliance professionals J.J. Keller & Associates Inc.® to offer Federated clients another source of employee risk management training for any type or size of business. As of Jan. 1, Federated clients can access an extensive library of complimentary streaming videos and computer-based training.
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INDUSTRY NEWS


Cheaper heating oil fuels billions in savings in Northeast
The Wall Street Journal
On top of the broad savings Americans are reaping from cheaper gasoline, plummeting oil prices stand to bring residents in the Northeast billions more dollars in savings this winter when they fill up their home-heating-oil tanks. An estimated 6.2 million U.S. homes rely on heating oil for seasonal warmth, the vast majority in the Northeast.
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PURA needs regulatory independence
Hartford Business Journal (opinion)
Regulatory independence is a hallmark of any great system of checks and balances. But Gov. Dannel P. Malloy doesn't necessarily think that applies to the state's top utility regulator, the Public Utilities Regulatory Authority. PURA's three commissioners issued a stinging 19-page memo recently calling for Malloy to grant them independence from the Department of Energy & Environmental Protection.
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PURA commissioners decline Malloy's invitation to resign
The Connecticut Mirror
The chairman of the Public Utilities Regulatory Authority said recently that he and his colleagues saw no reason to accept Gov. Dannel P. Malloy's public invitation to resign over the question of whether the authority was sufficiently independent and adequately staffed under the Malloy administration. Arthur H. House, a Malloy appointee whose term runs through June 30, 2016, met with Mark Ojakian, the governor’s chief of staff, to discuss the authority’s request for structural changes, including independence from the Department of Energy and Environmental Protection.
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Cheap oil can be good for stock market
Hartford Business Journal
The stock market is doing its best impression of a bouncy ball lately and everyone's blaming oil. But let's take a look at history. Plunging commodity prices have more often sent stocks soaring than falling.
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Northeast Utilities becoming Eversource could have opportunities, pitfalls, some say
New Haven Register
Northeast Utilities (NU), the state’s largest electric utility, is abandoning the name it has used for nearly a half-century in favor of a new moniker. Hartford-based NU will become Eversource Energy on Feb. 2, according to company officials. The name change also means NU’s subsidiaries — including Yankee Gas here in Connecticut — will take on the Eversource moniker, as well.
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Malloy doesn't get predicted revenue boost, big deficits remain
The Connecticut Mirror
Connecticut’s economy has not eased the state’s budget crisis as Gov. Dannel P. Malloy predicted on the campaign trail last year. A new analysts’ report found tax receipts and other revenues still likely to grow as originally anticipated last summer — when major deficits were projected for the next two fiscal years.
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Obama is planning new rules on oil and gas industry's methane emissions
The New York Times
In President Obama’s latest move using executive authority to tackle climate change, White House officials recently announced plans to impose new regulations on the oil and gas industry’s emissions of methane, a powerful greenhouse gas. The administration’s goal is to cut methane emissions from oil and gas production by up to 45 percent by 2025 from the levels recorded in 2012.
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Murphy presses again for gasoline tax hike to shore up highway fund
The Connecticut Mirror
Sen. Chris Murphy, in partnership with Republican Sen. Bob Corker of Tennessee, has renewed a push to raise the federal gasoline tax — a move to shore up a transportation fund that will soon run out of money, threatening road and bridge projects in Connecticut and elsewhere across the nation. The federal Highway Trust Fund was propped up last summer through temporary funding set to expire in May.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

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In Memoriam — William Briggs — Valley Oil Company and Cathy Barber
— Drake Petroleum
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CEMA corrects news story on renegotiating oil contracts (CEMA)
Low home heating oil prices (YouTube)
Avoid freezing pipes (ENERGY TRUTH)

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Colby Horton, Vice President of Publishing, 469.420.2601
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