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Nat gas expansion in Connecticut faltering
CEMA
The state's three natural gas utilities have asked the Connecticut Public Utility Regulatory Authority (PURA) to open a new docket to reconsider modifying protections that are in place to shield ratepayers from uneconomic natural gas line expansion projects. Since the approval of Governor Malloy’s energy plan that calls for the construction of 900 miles of new gas lines throughout the state - little progress has been made in accomplishing that goal.
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New diesel excise tax rate — July 1
CEMA
The Connecticut Department of Revenue Services (DRS) issued formal guidance on the new Connecticut diesel excise tax rate that will be effective July 1. The new rate will be 54.5 cents per gallon. This applies to all taxable diesel and kerosene.
CEMA Annual Meeting — featured presentation preview
CEMA
CEMA’s Annual Meeting will be held on Sept. 22-23, in Newport, Rhode Island this year along with the Massachusetts and Rhode Island state oil associations. Among our many presentation topics will be a presentation by Bob Hedden of the Oilheat Manufacturers Association on how low sulfur fuel can improve the reliability and service of oilheat equipment. Here’s a preview of his presentation:
Advantages of Ultra Low Sulfur Heating Fuel
Bob Hedden, Oilheat Manufacturers Association
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35+ years of specialized insurance programs for the petroleum industry. Five offices (CT & MA), 40 Property & Casualty carriers, including 12 separate fuel oil dealer markets. GoodWorks Insurance will earn your business. MORE
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JMP Solutions, Inc., we strive to offer the best in customer service. The best is a combination of diligence, honesty, accuracy and determination. While others continue to look for the solutions, we stand in front with the solution in hand.
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CEMA saved a member from a $102,00 rate hike
CEMA
As you are aware, CEMA started a health insurance and benefits marketplace last year with gbac in order to help members reduce their employee benefit costs and burdens as well as to address the complexities of health insurance brought about by the passage of the Affordable Care Act. One recent example of a member using the marketplace and good benefits planning saw the member avoid a 31 percent rate increase and avoid $102,000 in higher benefit costs. Every CEMA member can take the same approach and use the same tools, with a broker qualified to do the same things.
PMAA urges Senate to reject proposed raid of LUST Fund
CEMA
PMAA, NACS and SIGMA sent a letter to Senate Finance Committee Chairman Ron Wyden, D-Oregon, and Ranking Member Orrin Hatch, R-Utah, urging the Senate to reject a proposal of House Leadership for a second, fatal raid of the Leaking Underground Storage Tank (LUST) Fund. In 2012 Congress hijacked $2.4 billion of the $3.8 billion that PMAA, NACS and SIGMA members paid in fees to the LUST Fund. The $2.4 billion was moved to fund the Highway Trust Fund.
The game changer — captive insurance companies
CEMA
This strategy is provided by PC Planning and Benefits, a wealth management consultant endorsed by CEMA. For more information, please contact Peter Cohen, peter@pcplanning.com, 860-651-1569. Constructing a captive insurance company for your business can be a game changer and is surprisingly affordable.
Fight natural gas expansion — propose paving ordinance in your town
CEMA
The time to act is now! CEMA is asking members to reach out to your local mayor, first selectman, town council members, public works director or anyone who may have an interest in saving taxpayers money and maintaining local roads from the damage that the utilities are doing, as they tear up pavement and leave behind shoddy patch jobs. Some municipalities in Connecticut require "curb to curb paving" or "architectural integrity" ordinances.
Emails show states' tight grip on regional power projects
The Hartford Courant
The Conservation Law Foundation, an environmental advocacy group, said it acquired the emails in the interest of greater transparency. The emails, reviewed by The Hartford Courant, show officials working closely with the energy industry on details but selectively releasing information — withholding two consultant reports, for example.
FERC ruling called setback for New England ratepayers
The Register Citizen
A consumer advocacy group says a recent ruling by federal energy regulators will mean New England ratepayers will get their electricity at a higher cost than they would have under a ruling made by an administrative law judge.
The Federal Energy Regulatory Commission's 3-1 vote gave preliminary approval to provide transmission line owners in the region with a return on equity of 10.57 percent, the National Consumer Law Center and Public Citizen said. Return on equity determines how much profit the companies can make.
Missed last week's issue? See which articles your colleagues read most.
US oil production expected to be highest since 1972
American Energy Coalition
Total U.S. crude oil production in 2015 will reach its highest level since 1972, the U.S. Energy Information Administration predicted in its recent Short-Term Energy Outlook, reported by Oil & Gas Journal.
Oil production, which averaged 7.4 million barrels/day in 2013, is expected to average 8.4 million barrels/day in 2014 and 9.3 million barrels/day in 2015.
Biodiesel 2014 — a midterm review
By Paul Nazzaro, Principal, Nazzaro Group
As we meet the halfway point of 2014 and celebrate our nation’s birthday, July 4, there still remains unsettled market conditions associated with biodiesel and Bioheat® fuel. Policy setbacks in Washington continue to take a major toll on the most successful advanced biofuel in the U.S. The National Biodiesel Board revealed that nearly 80 percent of U.S. biodiesel producers have scaled back production this year and
more than half have idled production at a plant altogether, none of which are associated with lack of ambition and enthusiasm by the producers.
Oil benchmarks diverge as Iraq concerns boost brent
The Wall Street Journal (subscription required)
The global oil benchmark rose recently on continued uncertainty about Iraqi oil production, though the country's exports have yet to be affected by ongoing violence.
Brent crude on the ICE futures exchange rose 34 cents, or 0.3 percent, to $114.46 a barrel. Light, sweet crude for August delivery settled down 14 cents, or 0.1 percent, at $106.03 a barrel on the New York Mercantile Exchange.
Boughton drops out of governor's race; campaign ad hit financing rocks
WTIC-FM
Danbury Mayor Mark Boughton on June 18, announced he is suspending his campaign for the Republican nomination for governor.
Boughton’s campaign recently faced a complicated series of financing problems, triggered by the departure of his original lieutenant governor partner.
1 governor, 2 challengers make their election 2014 pitches to the working families party
Connecticut News
The members of the Working Families Party were reminded recently at a union hall in Wallingford, Connecticut, why they endorsed Democratic Gov. Dannel P. Malloy four years ago. They also heard from two of his potential opponents about why Malloy doesn’t deserve another four years. Given the cold shoulder recently by the AFL-CIO, the state’s largest labor federation, Jonathan Pelto was given an opportunity to address the members.
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