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By Paul Nazzaro, NBB Petroleum Liaison, via CEMA
The winter of 2015 was one for the ages. All-time record snowfall, record low temperatures and the lowest oil prices in recent history made for the most favorable, albeit challenging, conditions the heating oil industry has seen in years.
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CEMA
According to the Connecticut Department of Consumer Protection, on Oct. 29 an audit form will be sent to all registered heating fuel retailers regarding the status of your prepaid guaranteed price plan contracts and guaranteed price plan contracts for your business.
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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.
This law change occurred after Ace Oil closed their doors in
2013. The closure resulted in hundreds of customers who paid
the dealer a total of $1.5 million for prepay contract oil
without delivering the fuel that they were promised.
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CEMA
The Connecticut Department of Consumer Protection, when they conduct routine site inspections, has seen a number of statutory violations in contracts and offers made by heating fuel retailers to their customers.
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CEMA
The last of three regional chapter meetings will be held at the Trumbull Marriott Nov. 4. At the meeting held at Mohegan Sun, Eastern Chapter President Dick Gada of Guy's Oil said the information provided was invaluable, and dealers who miss the chapter meetings will miss out on the latest research about their customers that they need to know to retain them and stop conversions. Customers in Fairfield County are particularly vulnerable to conversion.
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CEMA
According to the Weather Underground, heating degree days at Bradley Airport are almost exactly at the historical average for October. As of Oct. 26, there were 320 HDDs month-to-date, compared to the average of 321 at Bradley. Year-to-date (since July 1) has been a little warmer than normal, with 357 HDDs compared to an average of 443.
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CEMA
Inland Fuel Terminals Inc., a subsidiary of Santa Energy Corporation, has opened a 540,000-gallon propane rail facility in Plymouth. Located a few miles north of Waterbury with major highway access into New York, Connecticut and western Massachusetts, just minutes away from Route 8 and Interstate 84, this plant provides northeastern U.S. propane dealers with a new, state-of-the-art wholesale propane storage facility.
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Building Performance Institute via CEMA
The Occupational Safety and Health Administration recently announced its decision to delay enforcement of the Confined Spaces in Construction Standard until Jan. 8. Although the ruling went into effect Aug. 3, OSHA has agreed to refrain from issuing citations to any employer that is making good-faith efforts to comply with the standard.
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Federated Insurance via CEMA
Question: One of my staff went almost seven whole days without clocking in or out on our Web-based time card system. She said it was her computer, but it mysteriously started working the day after my accounting person pointed it out to her. We've been unhappy with her work performance and reliability (late almost every day). I want to start documenting for when we do let her go so there is no recourse for her to file. Her supervisor wants to try to avoid paying unemployment, if that is even possible. I have one item in her file already from last October that we had her sign regarding her tardiness. Do you have advice on what I should do to document to her file? She is not in any of the protected classes as far as I am aware. Does she have to sign the warning for it to be official, or can I just tell her I put a note her in file?
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Commodities Now magazine and Franklin Square via CEMA
If you're a petroleum marketer, you invest in commodities in a sense — you buy the physical product or futures contracts or hedges. Your knowledge of markets may have led you to consider buying commodities as a financial investment as opposed to a product you sell to customers.
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CEMA
The Atlantic Region Energy Expo is excited to announce that it will co-sponsor the 2016 Eastern Energy Expo, May 22-26, at Foxwoods Resort Casino in Mashantucket.
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WTIC-TV
 The weather may be turning colder, but don't expect your oil prices to go up.
Home heating oil prices in Connecticut are down approximately $1.20 per gallon, according Chris Herb, president of the Connecticut Energy Marketers Association. And they're expected to stay down.
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WVIT-TV
If the autumn leaves remind you to get a home heating oil contract, it won't be enough to call several companies to compare prices because there are different prices for different kinds of contracts. "There is a market rate system which if prices stay the same or go down, is good for the consumer," said David Daniels, of Daniels Energy, which has two more kinds of contracts, one with a fixed price.
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Hartford Business Journal
Massachusetts customers of New Haven utility UIL Holdings Corp. will receive $4 million in credits, under an agreement negotiated by state regulators with the utility and its would-be acquirer, Iberdrola. Connecticut officials inked their own agreement with UIL and Iberdrola last month. The deal includes $84 million in credits and payments, the creation of 150 jobs and the environmental cleanup of New Haven's English Station power plant.
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CNBC
Oil's bounce back from the summer's lows has the look of a bottoming in crude prices, but some strategists say the shakeout is not over. "I'm pretty sure we're going to see a new low. The probabilities are that we see a new low or two or three," said Edward Morse, head of global commodities research at Citigroup.
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American Energy Coalition
People who heat with oil are enjoying relatively low prices to keep their homes warm right now, according to a recent report by WWLP-TV in Springfield, Massachusetts.
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Reuters via CNBC
U.S. crude settled down 78 cents at a two-month low of $43.20 a barrel recently, as oil fell for a third straight session on the persistent global supply glut ahead of U.S. data expected to show another increase in crude inventories. Crude futures felt pressure from analyst expectations that U.S. crude inventories rose recently, a fifth consecutive build after gaining 22 million barrels in a four-week span.
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The Connecticut Mirror
Gov. Dannel P. Malloy and legislative leaders hailed the first round of budget talks recently as a cordial first step toward a bipartisan solution, even if they cannot quite agree on the scope of the shortfall facing Connecticut. With the Legislature's nonpartisan analysts projecting the current deficit as just over twice the shortfall reported by the administration, legislators conceded the first step is to find agreement on the depth of the problem.
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Entech Advanced Energy Training
Where do the professionals look for the next generation of heating, ventilating, air conditioning and refrigeration 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.
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