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CEMA
Yesterday morning, Bob Stefanowski conceded to Ned Lamont who will now become Connecticut's 89th governor. After leading Lamont for most of the night, it became apparent that with a number of urban areas yet to report, Stefanowski had no chance of holding his slim lead.
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CEMA
CEMA's annual holiday party has always been a very popular event for members to spend a relaxing social evening before the onset of the holidays, New Year, and (for fuel retailers and wholesalers) the onset of heating season. This year we're holding our party at an upscale boutique hotel in West Hartford, the Delamar.
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PMAA via CEMA
As many expected, Democrats regained the majority in the House, gaining at least 28 seats. Current Minority Leader Nancy Pelosi (D-CA) is expected to become Speaker of the House. However, her path to the speaker's balcony might not be as smooth sailing as previous Congresses as some House democrats are likely to challenge her.
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CEMA
The Department of Energy and Environmental Protection (DEEP) UST inspection staff have asked CEMA to lets its members know that inspectors have found recently that owners/operators of sites with newly installed UST systems have not been doing the required monthly inspections. DEEP believes that UST owners are being advised that new systems are not required to conduct monthly inspections.
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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.
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CEMA
The gas utility tariffs for November 2018 are in. You can compare these rates to your own prices. Gas tariffs were generally unchanged, as can be seen in the chart below, for Eversource, CNG and SCG, compared to last month. These utility tariffs below are expressed in heating oil gallon equivalents, and so present gas rates on a British thermal unit (Btu) to Btu equivalent basis with heating oil.
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CEMA
"Do I have to enroll my part-time driver in my random drug program even though he’s already in the drug program of the local fire department?"
During the winter heating season, it’s not unusual for heating fuel companies to hire on a part-time basis drivers with CDL hazmat-endorsed licenses. Drivers at fire departments are particularly popular for this purpose.
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CEMA
Here's a first look at the possible implications of the national elections this week on oil prices, courtesy of the Wall Street Journal.
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CEMA
Just like buildings, fires come in all types and sizes. The ripple effect on the community, customers, and the business itself can be stressful. To reduce the likelihood of a devastating fire, business owners and risk managers should take the initiative to keep their property and employees safe.
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New Haven Register
Voters approved two ballot questions during Tuesday's midterm election that focused on the Special Transportation Fund and the sale of state-owned property. Connecticut voters have agreed that money in the Special Transportation Fund should be used only for transportation purposes.
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Hartford Business Journal
State government has prevailed in a lawsuit challenging its authority to raid millions of dollars from a ratepayer-funded pot of money for efficiency and clean energy efforts. To help close a budget deficit, the legislature and Gov. Dannel P. Malloy last year authorized that a total of $155 million — later lowered to $145 million — be transferred to the general budget over two fiscal years from two energy and efficiency funds.
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Hartford Business Journal
Eversource and Avangrid have notched a legal victory in their ongoing fight to discredit allegations that their natural-gas ordering practices cost New England ratepayers an additional $3.6 billion between 2013 and 2016. Last month, a federal judge in Massachusetts granted the two utility companies' motion to dismiss a proposed class action lawsuit filed by a group of New England ratepayers, including four from Connecticut.
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Hartford Business Journal
Hartford utility operator Eversource Energy overcame a loss in its natural-gas operations to post higher third-quarter profit. For three months ended Sept. 30, the electric, water and natural-gas distributor said it netted $289.4 million, or 91 cents a share, up from $260.4 million, or 82 cents, netted the same quarter last year.
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The Associated Press via WHDH-TV
Federal prosecutors are conducting a criminal investigation into the natural gas explosions and fires that rocked three communities near Boston in September, a utility company said last week. NiSource, the parent company of Columbia Gas of Massachusetts, said it is cooperating with the criminal investigation by the office of Andrew Lelling, U.S. attorney for Massachusetts.
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Forbes
Natural gas prices spiked in early trading Monday, with the front-month December contract hitting $3.54 per million British Thermal Units. The December and January contracts are both trading above $3.50 and then there is a steep drop off as the curve moves into 2019, and that exposes the true nature of natgas futures trading.
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