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CEMA's Health and Employee Benefit Marketplace — Defined Contribution
You should be aware that CEMA now offers its own private health insurance and benefits marketplace "CEMA Health & Employee Benefit Marketplace" as an alternative to your current plan offering, and as an alternative to the public exchange. It is a robust benefit marketplace with fully qualified and compliant insurance plans under the Affordable Care Act.
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CEMA chapter meetings: Oct 31 — Nov. 7
This year's agenda for heating fuels marketers include an update on our battle against utility gas. You'll hear how the legislative battle went in the General Assembly, how we have entered into the next regulatory phase, and how the utilities are marketing in local towns and communities. You'll hear from Tom Tubman from the American Energy Coalition about their media strategy for local markets. The CT Oilheat Alliance raised money from last winter, and you'll hear how that will be put to use. In addition, you'll hear from NEFI about the work they're doing at the regional and national levels, plus an update on Operation Fuel for the upcoming winter season.
CEMA 2013 holiday party — Save the date: Dec. 11
Please mark down on your calendars Dec. 11 for the CEMA annual holiday party. Please join us as we roll out the old year and herald in the start of winter season for those who sell heating fuels. This year we return to the Aquaturf Club in Southington. Entertainment again will be provided by Mike Devino of Mercury Fuel. Watch for details in the mail and upcoming newsletter articles.
TWIC office relocation
The TWIC New Haven enrollment office that used to be in Branford, Conn., has relocated to West Haven.
Help fight natural gas expansion — support AEC
Since July, CEMA members have received calls and emails soliciting donations for the American Energy Coalition's fall campaign to fight natural gas expansion. If you have not responded to our request for your financial support — now is the time.
PMAA PAC Fundraiser at Omni La Costa Resort
PMAA Small Business Committee PAC Co-Chairs Gerry Ramm and Michael Fields invite you to attend an event in beautiful Southern California benefitting PMAA's SBC PAC. The event will be held at the Omni La Costa Resort and Spa ($209 per room) from Nov. 20-21.
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Governors announce bold initiative to put 3.3 million zero-emission vehicles on the road by 2025
Connecticut Department of Energy and Environmental Protection
Governors from eight states announced a groundbreaking initiative to put 3.3 million zero-emission vehicles on the roads in their states within a dozen years. These governors have joined forces to revolutionize the automobile market by promoting zero-emission vehicles. The use of these clean vehicles will reduce greenhouse gas emissions, improve air quality and public health, enhance energy diversity, save consumers money and promote economic growth.
New England's reliance on natural gas drives power bills up nearly 20 percent this winter
American Energy Coalition
New England's growing dependence on natural gas for both electric power and heat is exceeding the capacity of pipelines feeding the region, causing price spikes that are already driving up electric rates, according to an article in the Boston Business Journal. A price increase reported recently by National Grid will cause the typical residential electric bill to increase by 18 percent between November 2013 and April 2014. National Grid has not indicated how bills for gas heat will be affected.
Using tech playbook, oil drillers shower employees with stock
U.S. energy exploration companies leading a domestic oil boom increasingly are using stock options to find and maintain employees, evoking comparisons to the dot-com bubble of the late 1990s. Some compensation experts and investment analysts worry that employees of small- and medium-sized firms that are still searching for sizeable profits could be lulled by a false sense of financial security.
The shale-gas boom won't do much for climate change
American Energy Coalition
The shale-gas boom in the United States won't, by itself, keep driving down U.S. carbon-dioxide emissions in the years ahead. That's because, in addition to killing off coal-fired plants, cheap gas will also crowd out cleaner energy sources like wind, solar and nuclear, according to a recent Washington Post article.
Obamacare: More than 2 million people getting booted from existing health insurance plans
There have been estimates about hundreds of thousands of people losing coverage, CBS News' Jan Crawford reported on "CBS This Morning." CBS News has reached out to insurance companies across the country to determine some of the real numbers — and this is just the tip of the iceberg, Crawford said. The people who are opening the letters are shocked to learn they can't keep their insurance policies despite President Obama's assurances to the contrary.
Connecticut leaders frustrated over ConEd's unwillingness to compensate commuters
CT News Junkie
Top-ranking Connecticut officials are angry over Con Edison's refusal to take responsibility for the September outage that left tens of thousands of New Haven-line commuters scrambling to find other transportation for 12 days.
Rising US oil production may cut Saudi influence in Washington
Voice of America
Economists say the United States is in the process of passing Russia and Saudi Arabia to become the world's largest oil producer. This means less dependence on oil imports, stronger economic growth and more latitude in dealing with political problems with Saudi Arabia and the rest of the Middle East. The growing use of advanced oil extraction techniques like "fracking" is boosting U.S. oil production sharply, according to the American Petroleum Institute's Chief Economist John Felmy.
Heating could cost more for those with natural gas
The cost of heating a home this winter could be on the rise for those that use natural gas. Those that use home heating oil are expected to see some relief, but the costs are still near record highs.
Gas companies' failure to disconnect service at vacant homes may violate federal law
Natural Gas Watch
Do a search on the terms, "natural gas explosion" and "vacant home," and you'll get literally thousands of hits, despite federal laws that require gas companies to completely disconnect the flow of natural gas to vacant homes.
Oil and gas to maintain key roles in New England energy picture
The Morning Sentinel
Total energy use in the United States will grow by 10 percent by 2040, an analyst from the American Petroleum Institute said in Portland, Maine. Despite the surge of renewable sources, more than half of the energy will come from oil and natural gas, said Kyle Isakower, vice president for regulatory and economic policy at the trade group.
Cost-cutting, oil and gas lift Q3 profits at BASF
News 12 Connecticut
German chemicals firm BASF said recently that its third-quarter net profit rose 18.5 percent, helped by a better performance from its key business making industrial materials that other companies turn into finished goods. Net income was $1.51 billion. BASF SE, which is based in Ludwigshafen, Germany, also pointed to cost reductions in two key areas. It saw reduced fixed costs at its specialty chemicals business and had lower deductions to earnings from executive stock compensation. The company's personnel costs fell 2.1 percent from a year ago, even as the number of employees rose slightly to 112,617.
A black box in your car? Some see a source of tax revenue
Los Angeles Times
As America's road planners struggle to find the cash to mend a crumbling highway system, many are beginning to see a solution in a little black box that fits neatly by the dashboard of your car. The devices, which track every mile a motorist drives and transmit that information to bureaucrats, are at the center of a controversial attempt in Washington and state planning offices to overhaul the outdated system for funding America's major roads.
Iran's oil industry is trying for a comeback
The Washington Post
Iran's oil exports are being ravaged by sanctions, but there are signs under the new president, Hassan Rouhani, that efforts to attract old clients may be boosting the country's most essential economic lifeline. China, India and Japan, which together account for half of Iran's oil exports, have increased their purchases over the past several months, offering some hope to Iran and complicating U.S.-led efforts to put pressure on the country over its disputed nuclear program by attempting to cut off its main source of income.
New offshore energy regulator warns 'risk does not discriminate'
Three years after the Deepwater Horizon disaster and 25 years after an explosion killed 167 people on the Piper Alpha platform in the North Sea, offshore oil workers and their overseers must guard against complacency, the top U.S. offshore drilling regulator insisted. In his inaugural speech as head of the Bureau of Safety and Environmental Enforcement, Brian Salerno said the challenge is remaining vigilant as those episodes fade into the distance.
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