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Guaranty fund/oil tax hearing next week
CEMA
It is likely that a public hearing will be held March 11 in Hartford on a bill that would require all registered heating oil dealers to pay into a guaranty fund, so that prepay contract customers could be made whole in the event that heating oil dealers were to close without fully honoring the contract. The new tax would apply to all propane and heating oil dealers regardless of whether you sell prepay contracts or not.
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CEMA NEWS


Where did CNG & SCG get $1.9 billion to buy Philly Gas?
CEMA
The Hartford Courant is reporting that New Haven-based UIL Holding Corp. will pay $1.9 billion for Philadelphia's municipal natural gas company. According to The Courant, an acquisition is needed to help the nation's fifth largest city fix its troubled pension account. A bailout; that's right, with your money. While those at UIL would say one has nothing to do with the other, we say they absolutely do.
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Prepay contract bonding bill blasted
CEMA
The Department of Consumer Protection asked the Connecticut General Assembly to introduce legislation that would require prepay contracts to obtain a bond. The intent of the bonding requirement is to allow consumers who lose money when a fuel dealer closes, to recover their losses. If passed, HB 5260 would require heating fuel dealers to obtain surety bonds in amounts not less than 80 percent of the total amount of funds received from consumers for prepaid fuel. The bill also eliminates the option of obtaining physical inventory, futures or forwards contracts, and physical supply contracts.
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CBIA warns members about natural gas prices
CEMA
The state's largest business association recently warned their members about rising natural gas prices and its impact on electricity prices. The Connecticut Business and Industry Association wrote that "it is predicted that the majority of the nation's electricity generation will be fueled by natural gas. This combined with other factors including an expanding economy and increased exports of liquid natural gas are expected to contribute to rising natural gas prices in the future." CEMA is in the process of reaching out to CBIA, local Chamber of Commerce's and other business groups to support our recent call for the governor to issue an executive order to cease on natural gas expansion in Connecticut.
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AREE 2014 online registration is now open
CEMA
The conference this year is April 29 - May 1 in Atlantic City and the Convention Center. Go to www.areetradeshow.com and click on the green box for attendee registration. This year's AREE is the premier petroleum industry trade show in the Northeast. It features a trade show with more than 250 exhibits and trucks. Admission to the trade show itself is free but you still need to register.
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INDUSTRY NEWS


Malloy, Foley tied in 1st Connecticut poll of 2014
The CT Mirror
In the first public poll of 2014, Gov. Dannel P. Malloy is in a dead heat with Tom Foley, the Republican he narrowly defeated in 2010, according to a survey released by Quinnipiac University. Both are supported by 42 percent of voters. Foley tops the five-way contest for the GOP nomination, leading his closest rival, Danbury Mayor Mark Boughton, 36 percent to 11 percent. Senate Minority Leader John P. McKinney of Fairfield fell to the bottom of the pack as his support shrank to 3 percent.
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NORA extension supports Bioheat industry future
Biodiesel Bulletin
The National Oilheat Research Alliance is celebrating President Barack Obama's signing into law their five-year extension, which was included as a provision in the Farm Bill. The heating oil industry has worked diligently for several years to accomplish this goal, which will enable NORA to once again assist the industry in moving forward and improving the product they provide to their customers.
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Poll finds support for minimum wage hike
CT News Junkie
A Quinnipiac University poll found 71 percent of the 1,878 voters surveyed support another increase in the state's minimum wage. The measure receives support from both parties, but Democrats overwhelmingly support the measure 93-6 percent and unaffiliated voters support it 73-23 percent. Republicans oppose it 53-41 percent. Women, who make the minimum wage in larger numbers than men, support it 78-18 percent, and men support it 64-32 percent.
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New England governors, Obama team up to promote minimum wage hike
CT News Junkie
A group of New England governors, including Gov. Dannel P. Malloy, are teaming up to prove that increasing the minimum wage as a region will have a positive impact on the economy. In a White House conference call, two of the three New England governors who will join Malloy and President Barack Obama to promote an increase in the minimum wage at Central Connecticut State University discussed the benefits of increasing the minimum wage to $10.10 an hour.
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Foley tops GOP pack, ties Malloy in Connecticut race, Quinnipiac University poll finds; support for minimum wage hike almost 3-1
Quinnipiac University Connecticut
Tom Foley dominates the crowded Republican primary field in the Connecticut governor's race and is locked in a 42 to 42 percent dead heat with Democratic Gov. Dannel Malloy, according to a Quinnipiac University poll. There is a large gender gap as women back the Democrat 45 to 37 percent while men go Republican 48 to 39 percent, the independent Quinnipiac University poll finds. Foley leads 83 to 9 percent among Republicans and 45 to 33 percent among independent voters while Gov. Malloy takes Democrats 79 to 10 percent.
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New England spot natural gas prices hit record levels this winter
U.S. Energy Information Administration
From Jan. 1 to Feb. 18, the day-ahead wholesale (spot) natural gas price at the Algonquin Citygate hub serving Boston averaged $22.53 per million British thermal units, according to data from IntercontinentalExchange. This price is a record high for these dates since the ICE data series began in 2001, and 50 percent above the same period in 2013, when cold weather drove New England prices to their highest level since 2004.
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State House Republicans' chief of staff resigns amid investigation
Hartford Courant
State House Republicans' chief of staff George Gallo resigned amid a federal investigation into whether GOP legislative candidates were improperly directed to use a Florida direct-mail and printing company — which received as much as $2 million from their campaigns since 2008, records show.
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CEMA Pipeline
Colby Horton, Vice President of Publishing, 469.420.2601
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Brent Mangum, Content Editor, 469.420.2602  
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