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September 5th, 2013

Transcanada Energy East Oil Pipeline

by Andrew Price, President & COO

Transcanada recently announced that it was proceeding with plans to build a $12 billion oil pipeline from western Canada to the Maritime provinces. The Energy East Pipeline would extend about 2,800 miles and have the ability to move 1.1 million barrels of oil per day from Alberta and Saskatchewan to refineries located in eastern Canada.

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August 29th, 2013

Entergy Nukes Vermont Yankee

by Andrew Price, President & COO

Entergy, the owner of the aging Vermont Yankee nuclear power plant, announced on Tuesday that it will shutter the plant before the end of 2014. The nuclear plant, located on the Connecticut River in the southeastern corner of Vermont, has generated about 600 MW of base load electricity for the past 41 years. While this is only a small slice of New England’s 28,000 MWs of peak load, it could increase prices for both electric and natural gas consumers in New England – particularly during peak winter hours - for the next several years.

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August 22nd, 2013

2013 Maine Omnibus Energy Bill

by Andrew Price, President & COO

Watching the 2013 Maine Omnibus Energy Bill come into existence was riveting theater – and not just for energy policy wonks. After the dust had settled from the late night votes and vetoes, An Act to Reduce Energy Costs, Increase Energy Efficiency, Promote Electric System Reliability and Protect the Environment - aka the Omnibus - became law on July 2, 2013. As its name implies, the Omnibus covers a lot of ground and is difficult to summarize concisely in a short blog post. A few good summaries of the law have been written, including one from the energy law group at Preti Flaherty that can be accessed here.  

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August 15th, 2013

Direct Energy Purchases Hess Energy Marketing

by Andrew Price, President & COO

Hess surprised energy markets on March 4th of this year by announcing that it would exit retail sales of electricity, natural gas and oil. It was announced on July 30th that Centrica, the parent company of US energy marketer Direct Energy, had emerged as the winning bidder. In a prior blog, I discussed the ramifications of a potential sale for CES clients. Now that a buyer has been identified, it is timely to revisit the topic.

 

 

 

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