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CEMA
As of Nov. 1, the state of Connecticut prohibits the sale of prepay/prebuy contracts to residential customers until April 1. Fixed price contracts and other guaranteed price contracts where a customers does not pay for the fuel in advance of delivery is permitted during the moratorium.
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CEMA
The first deliveries for the 2017/2018 Connecticut Energy Assistance Program will begin on Nov. 15 and conclude on May 1. With the new heating season upon us, approximately a dozen oil vendors who made deliveries last year in the Community Action Agency of New Haven's (CAANH) territory are still owed over $100,000 for fuel deliveries.
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CEMA
The last education conference before this year's heating season will take place in two weeks, on Oct. 26, at the Dolce Conference in Norwalk, Connecticut. This conference, the Metropolitan Energy Conference or MEC, teams up CEMA with the New York City association, the NY Oilheating Association; and the Long Island association, the Oilheat Institute of Long Island, for a truly metropolitan gathering.
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CEMA
The FMCSA (Federal Motor Carrier Safety Administration) hours of service (HOS) rules are designed to eliminate the type of drowsiness that can lead to crashes. Although many commercial motor vehicle (CMV) drivers feel that they know when they are getting drowsy, various laboratory tests have shown that persons are not good at estimating their own drowsiness.
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PMAA via CEMA
Good news! The Treasury Department has formally recommended withdrawing the Section 2704 regulations on family business valuation. PMAA has pushed back against the proposed regulations as they would have increased the death tax burden on family businesses.
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PMAA via CEMA
On May 2 of this year, the FDA announced that enforcement of the menu labeling rule that was expected to begin on May 5, 2017 would be delayed until May 7, 2018. FDA did so in order to "consider how we might further reduce the regulatory burden or increase flexibility while continuing to achieve our regulatory objectives, in keeping with the administration's policies."
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CEMA
Federated Insurance, endorsed by CEMA, is hosting a complimentary webinar on "Where There's Smoke, There's Fire" at 2 p.m. EST on Oct 17. Simple prevention strategies could prevent most fires that occur today. This webinar will focus on steps a business should take, every day, to help prevent disastrous fire losses.
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The Wall Street Journal via CEMA
Millennials have now eclipsed baby boomers as the largest consumer age group. They are also the largest home-buying age group, which has a significant impact on the heating fuels industry. That's why at the Metropolitan Energy Conference, Oct. 26, Dolce Norwalk, we'll be having a breakout session on marketing to millennials (click here for more information).
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Utility Dive
A new academic analysis argues gas utility subsidiaries of Avangrid and Eversource have artificially constrained gas pipeline capacity in New England for years, driving up natural gas and electricity prices and potentially violating federal laws.
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American Energy Coalition
Gov. Cuomo approved Senate Bill #5422-A recently, requiring that all heating oil sold in Nassau, Suffolk and Westchester counties on or after July 1, 2018 contain "at least five percent renewable biofuels." Just last year, New York City, with the support of the local Oilheat industry, passed legislation implementing a 5 percent biodiesel-blending requirement (effective Oct. 1, 2017).
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The Connecticut Mirror
For the third time in less than a year-and-a-half, the Connecticut legislature has come close, but still hasn't okayed a plan to boost the finances of the Millstone Nuclear Power Station. Millstone's owner Dominion is arguing it needs help because cheap power produced from natural gas is forcing it to consider shutting Millstone down.
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CT News Junkie
Legislative leaders say they've made progress on the definition of a spending cap and the Education Cost Sharing formula, but they still have yet to tackle things like teacher retirement costs. Following another four hours of closed-door meetings on Oct. 10, legislative leaders said they're making progress and don't plan to have a conversation with Democratic Gov. Dannel P. Malloy until they work out a few more issues.
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The Connecticut Mirror
Though state government has gone 102 days into the new fiscal year without a budget, the outgoing year's finances weren't trouble-free. Comptroller Kevin P. Lembo confirmed recently that Connecticut closed the 2016-17 fiscal year with a $22.7 million deficit, its third consecutive year in the red.
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Hartford Business Journal
In recent years, Hoffman Ford Lincoln general sales manager Billy Genereux has sold and leased from his East Hartford show room an increasing number of plug-in hybrid vehicles, which can run on both electricity and gasoline. "We've been ordering a lot more the last couple years," said Genereux, noting that Ford C-Max and Fusion Energi have been the most popular brands with customers.
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The Wall Street Journal
U.S. crude exports are blasting through records, approaching a level that is almost as much as Kuwait sends abroad. U.S. crude exports surged to a record 1.984 million barrels a day last week — an increase of close to 500,000 barrels a day from the previous week's level, which was also a record.
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The Wall Street Journal
A sucker is born every minute, and Warren Buffett just proved it. He agreed to spend an undisclosed sum of his shareholders' money to buy a controlling stake in Pilot Flying J, the truck-stop chain that sells food, coffee and diesel fuel to truckers. After all, aren't truckers about to be replaced by robots, and diesel by battery power?
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