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Energy

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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Primus commissions alternative fuel plant

According to the announcement, the plant, operational for more than week, utilizes proprietary technology consisting of a four-reactor catalytic process that converts syngas derived from natural gas or other feedstocks to gasoline, jet fuel, diesel or aromatic chemicals directly, without the need for further treatment. The process produces drop-in fuels that are ready for immediate ...

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American Water declares dividend

Voorhees-based American Water Works Co. Inc. announced Friday a quarterly dividend of 28 cents per common share, payable Dec. 2, to all shareholders of record. American Water offers a dividend reinvestment and direct stock purchase plan called American Water Stock Direct.

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Damaged wires are surveyor’s specialty

Boardwalks always have been susceptible to fires.
Still, the mayor of one Shore town said the blaze that ripped through the boardwalk and dozens of businesses in Seaside several weeks ago was “a wake-up call” because of its cause — electrical wiring corroded and compromised by salt water.

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Pioneer Power completes public offering

Fort Lee-based Pioneer Power Solutions Inc. announced today the completion of its recent public offering. It offered 1.1 million shares of its common stock, as well as 165,000 additional shares of its common stock pursuant to the full exercise of the overallotment option granted to the underwriters.

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American Water announces early tender results

Voorhees-based American Water Works Co. Inc. announced today the results of its early tender offer to purchase, for cash, up to $300 million aggregate principal amount of outstanding 6.085 percent senior notes due 2017. More than $225 million principal amount of notes were validly tendered and not withdrawn by 5 p.m. Monday, the early...

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