"Shale Boom is Only in the First Inning."

February 25, 2014 18:35 by Bill Conway in Energy, Natural Gas, Utilities  //  Tags:   //   Comments (0)
Ryan Lance, CEO of Conoco-Phillips was recently quoted saying, the "shale boom is only in the first inning".  This level of optimism is expected from the CEO of a large energy company.  However, for those of us active in the energy space, the recent developments in the shale gas arena are going to make the energy sector an exciting place to be for the next several years.  The article in the Denver Business Journal can be found HERE.  

Microgrids Can Be A Complement To A Utility

December 19, 2013 12:16 by Bill Conway in Energy, Energy Efficiency, Renewables, Utilities  //  Tags:   //   Comments (0)
Microgrids are not new and can be a nice complement to utilities.  All too often, microgrids have been considered to be a threat to the utility world.  However, microgrds can save money for both customers and utilities.     Click HERE for more information.  

A Solar & Natural Gas Partnership?

December 5, 2013 14:05 by Bill Conway in Cooperatives, Energy, Regulation, Renewables, Utilities  //  Tags: , ,   //   Comments (0)
A Solar & Natural Gas Partnership? [More]

Advanced Power Components Acquisition: A Sign of Things to Come

As reported in the Wall Street Journal, UK based Advanced Power Components has announced the completion of the acquisition of 25% of Invisible Systems Limited (ISL).  ISL provides cloud-based, end-to-end monitoring and control solutions which are designed to increase the energy efficiency within the built environment using its own battery powered, wireless communications technology.  This provides a quick, simple, non-obtrusive energy monitoring and control capability that is coveted in the power sector.  The technology is proven to enable average savings of between 15-30%, with an ROI between 12-18 months. Mr. Mark Robinson, the chief executive officer of APC, said during the release: "ISL's wireless technology and innovative approach to product development have created a product portfolio which offers clear commercial advantages on which we have no doubt that [we] ... can capitalize on both in the UK and internationally." The advent of wireless technology in the power sector is exciting for market participants.  As energy efficiency continues to increase, and efficient installations are augmented by microgrids and wireless solutions, expect companies like ISL to be considered buys for larger energy players.  All of these moves point to the increasing need of organizations to understand their energy consumption and carbon footprint to attempt to stay ahead of ever restrictive government regulations. Click here to read the entire article.

Cedigaz: Global gas storage capacity to rise 48% by 2030

Cedigaz has reported that world wide gas storage is expected to increase from 377 billion cubic meters (bcm) at the beginning of 2013 to as much as 631 bcm by 2030.  New storage markets in Asia and the Middle East account for ~60% of this new capacity.  China is seen as a key driver of growth, as much of their storage infrastructure will need to be built from scratch. In more mature markets, such as the US and EU, growth in storage capacity will be limited. Instead the focus will be on new facilities that increase peak deliverability and back up renewable sources such as wind.  Both of these trends seem to favor cavern storage as opposed to man made.  At the beginning of 2013, there were 688 underground gas storage facilities in operation. More than two thirds of these are in North America: 414 in the US and 59 in Canada.  Europe boasts 144 storage locations (99 bcm) and 51 facilities (115.5 bcm) in the CIS. Asia has 18 sites (9.3 bcm), Argentina has one, and Iran has one. These figures are according to Cedigaz data.  Globally, there are 95 projects under construction for an additional 68 bcm of working capacity.  These will be completed by 2020-2025.  141 additional projects are identified at various stages of the planning process, with varying degrees of probability to complete construction. Click to read the full article here.

Laclede Gas Purchase of Missouri Gas Energy Approved

July 18, 2013 17:28 by Clayton Reeves in Cooperatives, M&A, Natural Gas, Regulation, Utilities  //  Tags: , , ,   //   Comments (0)
Yesterday, state utility regulators approved the combination of Missouri's two largest natural gas companies. The Missouri Public Service Commission unanimously sent an agreement through that allows Laclede Gas Co. to purchase Missouri Gas Energy. The combined entity will have more than 1.1 million customers. The deal prevents Laclede Gas from seeking a general rate increase in its current service area until October 2015.  However, through the MGE territory, Laclede could seek an immediate rate hike. Read the full story here.

The Rise of Private Public Partnerships

July 18, 2013 14:53 by Bill Conway in Capital Markets, Economy, Energy, M&A, Natural Gas, Private Equity, Regulation, Telecom, Utilities, Water  //  Tags:   //   Comments (0)
Establishing Private Public Partnerships (P3) should have the attention of many municipal organizations across the country since, even in good economic conditions, infrastructure assets are not the highest and best use of a cities limited resources. [More]

Aqua America: A Deal Making Machine in 2013

July 8, 2013 09:30 by Clayton Reeves in M&A, Utilities, Water  //  Tags: , , , , ,   //   Comments (0)
Aqua America announced last week that it has completed acquisitions of seven water and wastewater utility systems through June of this year This includes three in NC, three in PA, and one in VA. In PA, Aqua Pennsylvania (Aqua America's PA subsidiary) acquired Total Environmental Solutions, Inc., (TESI) for $11.8 million.  TESI serves roughly 6,000 customers on both the water and wastewater side. The remaining acquisitions account for roughly 1500 people.  The assets in NC were deemed "troubled" by state regulators, and Aqua America expects to invest roughly $500,000 in their restoration. Read more about Aqua America's acquisition spree here.

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