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Archive for May, 2010

Natural Gas Storage Posts First Triple Digit Injection

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On Thursday, the Energy Information Administration reported 104 Bcf of natural gas was injected into storage in the week to May 21, above most estimates, though still 2 Bcf less than the same week a year ago.  A total of 30 Bcf of the surplus to 2009 has been erased over the past month and with upcoming heat centered on the eastern ISO’s, builds for the first part of June are expected to remain smaller than those seen in 2009.

Despite the first triple digit injection, natural gas ended the day 12 cents higher, posting its third consecutive day of gains as forecasts…
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Water: A New Footprint

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When thinking about conservation and sustainability, most people immediately think of energy: how we use it and where it comes from. We develop metrics such as carbon footprinting and greenhouse gas emissions to track our energy usage, and we equate low energy usage with low impact.

But, are you thinking about water?
In a typical building, for example, water treatment – that is, heating or cooling water – accounts for about 10 to 15 percent of energy usage. That cost can often dwarf the cost of the water itself!…
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World 50’s “Sustainability 50” Event

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Chief Sustainability and Corporate Responsibility Officers from leading organizations discussed “What’s Next?” with their peers

I had the opportunity recently to sit on a panel at the “Sustainability 50” event held at the prestigious Steelcase WorkLife Center in NYC.

World 50 is an organization that was created to initiate and facilitate the most interesting and influential business conversations in the world.  At this particular event, Chief Sustainability and Corporate Responsibility Officers gathered to discuss topics ranging from “Rethinking Sustainability Governance” to “Stakeholder Engagement”, a panel discussion in which I had the opportunity to actively participate.

Bestselling…
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Crude Oil and the Economy

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Concerns about the strength of the European economy have been placing pressure on prompt month prices.  Crude oil dipped below $70/bbl this week, with the June ’10 contract rolling off the board at $68.01/bbl on Thursday.   Crude prices are at lows that have not been seen since December 2009 as the euro and global equity markets continue to decline and the European debt crisis lingers.  The euro fell to trade below 1.21$/Euro on Wednesday, as the dollar continued to rally amid growing uncertainty surrounding the German ban on short-selling.  On Wednesday, the EIA oil data showed a small build in crude inventories amid…
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Update on Direct Access – Coalition Petition to Ensure an Efficient Process for Customers

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Yesterday, the California Public Utilities Commission (Commission) approved a petition that had been submitted jointly by a broad coalition, including the Alliance for Retail Energy Markets (AReM), a trade association that represents the interests of competitive electricity service providers (ESPs) of which Constellation NewEnergy is a member.

In the petition, the coalition asked the Commission to modify its Order that established the Open Enrollment Window process timeline for the first year of the Direct Access phase-in, and the timeline for the submission of six month switching notices to get space under the second year of the phase-in…
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Constellation NewEnergy Renews Relationship with the New Jersey Business and Industry Association

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I’m happy to announce with our continued commitment to the New Jersey market, that we renewed our long standing relationship as the preferred supplier for the New Jersey Business and Industry Association (NJBIA).   Over the past seven years, we’ve provided products and services which allow NJBIA members to manage their electricity costs by providing budget certainty, mitigating long term risk, and identifying market opportunities.   

The changing marketplace has provided us the ability to move beyond the traditional offerings and now bring more solutions to the NJBIA membership, including electric commodity, load response, solar, and energy efficiency.

A…
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