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Energy

Following water main breaks, Jersey City mayor gives United Water ‘below average’ grade

The company, which provides service to over 800,000 people across several North Jersey counties, spent much of Wednesday and early Thursday working to repair five different water main breaks in Jersey City alone over the two-day period. As of 2 p.m. Thursday, a boil-water effect was still in-place for much of the city’s downtown area ...

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American Water closes 1.5M Tennessee purchase

According to the announcement, Tennessee American Water serves nearly 2,800 customers in Marion and Sequatchie Counties. The Tennessee Regulatory Authority (TRA) approved the deal in February 2013. Over the next few years, Tennessee American Water plans to make needed investments to renew and replace the aging water infrastructure in the communities and areas currently served ...

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American Water CEO, retiring in May, will be replaced by CFO

According to the announcement, Sterba will stay on as an advisor to Story until January 1, 2015 to ensure a smooth transition. Sterba has led the company since 2010, overseeing increased earnings per share, market capitalization and revenues. It was during his tenure that American Water became the first U.S. water utility named to the ...

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IDT Energy acquires Diversegy LLC

According to the announcement, Diversegy is a retail energy advisory and brokerage company that serves commercial and industrial customer. The acquisition includes Diversegy’s its network marketing channel, Epiq Energy, providing independent representatives with the opportunity to build sales organizations and to profit from both residential and commercial energy. Diversegy connects large commercial and industrial customers ...

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Covanta names new CFO

According to the announcement, Helgeson has been Covanta’s vice president and treasurer since 2007, and previously held senior financial positions at Waste Services Inc., a publicly-traded environmental services company with operations in the U.S. and Canada, and worked in investment banking with Lehman Brothers and Donaldson, Lufkin & Jenrette.Helgeson will replace Sanjiv Khattri, who will ...

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Genie Energy appoints CEO

According to the announcement, Jonas is also the company’s chairman. Claude Pupkin will no longer be chief executive at Genie but will continue to serve as president of Genie’s American Shale Oil subsidiary and senior vice president of business development. Geoff Rochwarger will remain as vice chairman and chief executive of its IDT Energy subsidiary. ...

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Renewable Energy Group expands biodiesel production into Clifton

According to the announcement, REG Clifton is located at 568 Paulison and now has REG biodiesel blended heating oil available. The company will offer other high quality biodiesel blends for transportation fuel during seasonal periods from the Clifton terminal as well. REG has five other terminal locations in the northeast, including Whippany and Bayonne, as ...

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New Jersey Natural Gas announces rate decrease

According to the announcement, NJNG will reduce its basic gas supply service rates for residential and small commercial customers effective December 1, 2013. In addition, NJNG received approval from the New Jersey Board of Public Utilities to adjust its societal benefits charge rate. The net effect is an overall 4.3 percent reduction. The typical residential ...

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Trinity Solar announces 12.3 MW Fort Dix solar installation

According to the announcement, the privatized housing community is occupied by more than 2,100 military families. The system represents one of the largest solar-powered military communities in the country. Generating an estimated 13.7 million kilowatt hours of clean, affordable electricity every year, the system is projected to account for over 30 percent of the community’s ...

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