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Natural gas pipeline to become law
Last week, the Connecticut House of Representatives approved a bill (SB 1078) that would allow electric utilities to increase rates for the purpose of building an interstate natural gas pipeline. The bill was previously approved by the Senate and now awaits the Governor’s signature before it becomes law. The bill had strong support from CBIA and the Governor who lobbied against us, the Sierra Club and the LNG industry who were all strongly opposed to the bill.
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Legislative session ends with budget nightmare
Last week, the Connecticut General Assembly managed to approve the second largest tax increase in state history, barely four years after they implemented the largest tax increase in history in support of the state's $40 billion budget.
It took Democrat leaders three days to round up the 76 votes needed to pass the budget in the House after several large corporations released statements that they would leave the state if the budget passed intact.
Southern New England Energy Conference Sept. 21-22 — Room reservations at Newport Marriott
The Southern New England Energy Conference, sponsored by the Connecticut Energy Marketers Association, the Massachusetts Energy Marketers Association, and the Oilheat Institute of Rhode Island, will be held Sept. 21-22 at the Marriott Hotel in Newport, Rhode Island. The Marriott has just undergone a $35 million renovation, and according to a member who stayed their recently, it's "fantastic." The hotel is now taking reservations. The conference room rate is $189 (plus tax) and reservations can be made online by visiting this customized website:
Book your group rate for CEMA 65th Annual Meeting & Southern NE Energy Conference.
CEMA golf outing a success
Except for a brief shower at 3:40 p.m., the day was dry for golfers at the Clinton Country Club, despite poor weather in most of the rest of southern New England. And though our motivation for moving the outing to June was for warmer weather, it was a record cool June 1 this past Monday, with highs only in the 50s! Though the threat of weather led to about a half dozen no-shows, those who did play were rewarded with a course that was both beautiful and in top condition. Thanks to club member John McCall of Wilcox Energy for sponsoring us at his club!
USDOT releases technical reports on truck size and weight
The U.S. Department of Transportation released last week a series of technical reports on truck size and weight for peer review and public comment as a major step moving toward the completion of the comprehensive study called for in the Moving Ahead for Progress in the 21st Century Act (MAP-21).
Frequently depositing cash at your bank may lead to unwanted investigation and confiscation of assets
That's what one c-store operator discovered in North Carolina. It's called structuring, which means arranging one's cash banking transactions with specific intent to evade the currency transaction reporting requirements of the Bank Secrecy Act 31 USC § 5313(a). An example would be making two deposits of $7,000 instead of one deposit of $14,000 to evade the bank's reporting requirements.
E15 report raises concerns
Last week, an E15 infrastructure report, produced under direction of the Renewable Fuels Association by the National Renewable Energy Laboratory (NREL), asserts that most existing fuel dispensing components are compatible with E15 and irresponsibly dismisses valid concerns of petroleum marketers regarding existing fuel infrastructure compatibility.
Connecticut tax boomerang
The Wall Street Journal
The last time we visited the formerly great state of Connecticut, Democrats were preparing to raise taxes again after promising not to when they ran for re-election in 2014. This week they did the deed, and the politicians seem shocked that the business community is in revolt.
Groundbreaking NORA Bioheat Study Released to Congress
New England Fuel Institute
The National Oilheat Research Alliance has submitted a landmark report to Congress that demonstrates the significant economic and environmental benefits of blending conventional home heating oil with biodiesel. Among its most significant findings is that biodiesel-blended home heating fuel, known as Bioheat, can have lower greenhouse emissions than natural gas.
New England electricity consumption dropped in 2014
Hartford Business Journal
Total use of electricity in New England last year dropped 2 percent from 2013, although the average price for that power increased, according to electric grid administrator ISO New England.
Petrowski returning to Gulf Oil
The family that owns Cumberland Farms, New England's largest convenience-store chain, is selling its fuel business, Gulf Oil.
As reported in a 21st Century Smoke/CSP Daily News Flash, in a complex deal, Boston-based private-equity firm ArcLight Capital Partners is acquiring Gulf from the Haseotes family, according to multiple sources.
Missed an issue of CEMA Pipeline? Click here to visit the CEMA Pipeline archive page.
Prices are down, but Saudis keep oil flowing
The New York Times
The international cartel of oil producers has long followed the same basic strategy. When the market was soft, the group slashed production to raise prices.
But Saudi Arabia, the heavyweight of the Organization of the Petroleum Exporting Countries, has a new agenda. It is now less concerned about the price of crude oil in the global markets and more concerned about delivering fuel to its growing economy.
Higher electric rates in Connecticut's future
ENERGY TRUTH: fact from fiction
The Senate in Connecticut's General Assembly passed the natural gas expansion bill by a vote of 25-8 with three not voting. The Senate suspended the rules and immediately transmitted the bill to the House for consideration.
Reducing methane emissions: Voluntary efforts alone won't get the job done
American Energy Coalition
The federal government needs to impose mandatory restrictions on the natural gas industry in order to curb methane emissions that threaten to undermine climate protection efforts, according to a recent blog post by the Environmental Defense Fund.
The shortest distance between you and a great career
Where do the professionals look for the next generation of HVACR technicians? Right here at Entech. Our state-of-the-art facility offers training with the very latest technologies and equipment. Because Entech is affiliated with the CMEA, we have direct relationships with the companies you'll want to work for.
Keno still not a sure bet
The two-year state budget passed in the final hours of the 2015 legislative session relies on $43.6 million from keno, but a revenue sharing deal has yet to be inked with the state's two Indian tribes.
Missed last week's issue? See which articles your colleagues read most.
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