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Energy

NRG to supply Pa. Convention Center with renewable energy

According to the announcement, PCCA selected NRG Business Solutions as its electricity provider following a competitive procurement process. The Convention Center’s electricity usage, which is estimated at 26,525 million kilowatt-hours annually, will include 25 percent renewable energy as part of the recent agreement. The partnership announcement comes as the Convention Center prepares to host Greenbuild ...

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NRG Yield announces first dividend

According to the announcement, this amount represents a prorated quarterly dividend of 30 cents per share, or $1.20 per share on an annualized basis. The dividend is payable December 16, 2013 to shareholders of record as of December 2, 2013. This marks NRG Yield’s first dividend.

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Nuts bolts operation

It’s what the Mahwah-based firm has been doing for 45 years as a maker of industrial bolting tools, using engineers to design its product lines and custom equipment for clients such as power plants and refineries. “It’s something that not everybody is aware of or thinks about, but bolts and nuts are everywhere,” said Jason ...

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Re-electing Christie is easy decision in the C-suite

Today, the big question isn’t how he’ll govern, but for how long. It’s no secret that he hopes the White House is in his future; a 2016 run would cut short his attention span in Trenton. Despite that, based on what he’s done for the business climate in New Jersey, we heartily endorse his re-election ...

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They had gas, but credit was on empty

“We were down to, like, $7,000 in our bank account, and we had, like, $23 million in receivables,” CEO Paul Riggins said. “We had all the trucks and all the fuel, but the suppliers are only going to go so far out with giving you credit.” Riggins Oil was in a fortunate situation after the ...

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Obamacare changes the business of insurance

Horizon Blue Cross Blue Shield of New Jersey is interested in picking up previously uninsured people — the intended goal of the ACA. But the company has been investing millions of dollars the past few years in an attempt to transform itself into a more consumer-oriented company. Horizon is envisioning a new world where people ...

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NJR invests 22M in Montana wind farm

NJRCEV will invest approximately $22 million and be responsible for constructing, owning and operating the wind farm, which will have a total capacity of 9.72 megawatts. According to the announcement, the wind farm will be located on 176 acres of rural agricultural land approximately 93 miles east of Helena. The project was developed by OwnEnergy ...

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Christie helps break ground on 845M natural gas plant in Woodbridge

The 700-megawatt facility is expected to open by early 2016 and generate enough electricity to power 700,000 homes, company representatives said. CPV, a Silver Spring, Md.-based energy firm, is developing the plant with Toyota Tsusho Corp. and ArcLight Capital Partners, whose subsidiary will operate the facility. Executives and public officials gathered for a ceremony today ...

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Business, government leaders in Elizabeth say more preparation needed for next Sandy

The event was held in response to President Barack Obama’s national climate change initiative, which he presented in June. The plan calls for investment in clean and efficient energy and places limits on carbon emissions from power plants. Joe DeNicholas, vice president of operations and logistics for locally based Atalanta Corp., said Sandy caused the ...

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Honeywell increases dividend

According to the announcement, the increased regular quarterly dividend rate will be effective starting with the fourth quarter dividend, which was declared today and is payable Dec. 10 to shareowners of record at the close of business Nov. 21. The company recently completed a $600 million acquisition of mobile technology company Intermec. HON data by ...

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Hackensack hospital, PSEG announce energy-efficient chiller for medical center

The new chiller is part of $2.6 million in energy efficiency improvements at Hackensack via the PSE&G Hospital Efficiency Program. The chiller and new energy-efficient lighting are expected to save the hospital $429,000 in annual utility bills. The PSE&G Hospital Efficiency Program is a $129 million initiative to install energy conservation measures at 34 hospitals ...

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