Beach

Application for LNG Island off Long Island Deemed ‘Complete’ by Coast Guard

Atlantic Sea Island Group LLC’s U.S. Coast Guard application for a deepwater liquefied natural gas (LNG) terminal on a man-made island 13.5 miles south of Long Beach, Long Island, NY, was deemed “complete,” allowing the regulatory review to continue, the company said Friday.

August 20, 2007

Coast Guard Says Application for Atlantic Sea’s LNG Island is Complete

Atlantic Sea Island Group LLC’s U.S. Coast Guard application for a deepwater liquefied natural gas (LNG) terminal on a man-made island 13.5 miles south of Long Beach, Long Island, NY, was deemed “complete,” allowing the regulatory review to continue, the company said last week.

August 20, 2007

FPL’s 1Q2007 Profit Drops 40% on Commodity Hedging

Just days after the Bank of Montreal reported losses in the millions due to wrong-way natural gas bets, Juno Beach, FL-based FPL Group Inc. said last week that 1Q2007 earnings suffered from a net unrealized after-tax loss of $126 million associated with the mark-to-market effect of nonqualifying commodity hedges.

May 7, 2007

FPL’s 1Q2007 Profit Drops 40% on Commodity Hedging

Just days after the Bank of Montreal reported losses in the millions due to wrong-way natural gas bets, Juno Beach, FL-based FPL Group Inc. Monday said 1Q2007 earnings suffered from a net unrealized after-tax loss of $126 million associated with the mark-to-market effect of nonqualifying commodity hedges.

May 1, 2007

New Energy Producer, Consumer Coalition Debuts

A new coalition — the Energy Initiative Coalition — debuted in Washington, DC Friday. The group, which is co-chaired by former Sen. John Breaux of Louisiana and former Long Beach, CA, mayor Beverly O’Neill, will be different from other energy coalitions that focus solely on the interests of one group, said a Breaux spokesman.

December 18, 2006

New Energy Producer, Consumer Coalition Debuts

A new coalition — the Energy Initiative Coalition — debuted in Washington, DC Friday. The group, which is co-chaired by former Sen. John Breaux of Louisiana and former Long Beach, CA, mayor Beverly O’Neill, will be different from other energy coalitions that focus solely on the interests of one group, said a Breaux spokesman.

December 18, 2006

California Firm Pushes Multi-Use Landfill Gas Conversion in Ohio Project

FirmGreen Energy, a privately held Newport Beach, CA, alternative energy company announced Wednesday that ground has been broken for a three-phase trash-to-energy project with the Franklin County Solid Waste Authority of Central Ohio (SWACO). The project will involve capturing, cleaning and using methane and carbon dioxide (CO-2) from SWACO’s landfill gas in multiple end-use applications.

June 23, 2005

People

On the eve of its annual shareholder meeting Tuesday in Newport Beach, CA, Sempra Energy’s General Counsel John Light announced he is retiring effective June 30 as the executive vice president/general counsel for the San Diego-based utility holding company. Light, 62, was a long-time partner in the Los Angeles office of Latham & Watkins for 31 years before accepting the general counsel’s position at the newly formed Sempra Energy in mid-1998. He plans to return to Latham & Watkins’s LA office. Light directed the legal affairs of the newly merged holding companies, Pacific Enterprises and Enova for Southern California Gas Co. and San Diego Gas and Electric Co., respectively, and helped Sempra’s current diversified strategy that includes various merchant operations, in addition to two the state’s major private-sector utilities. Sempra CEO Stephen Baum said Light’s role was “integral in Sempra’s growth and success.”

May 13, 2003

FPL Stays Positive Despite Sizeable Energy, Telecommunications Charges

Juno Beach, FL-based FPL Group Inc. said late last week that it is restructuring its wholesale energy and telecommunications businesses in response to current challenging market conditions. In connection with the announcement, FPL said it expects to take one-time, non-cash restructuring and other charges in the range of $140 million to $175 million after tax in the third quarter. Despite the charges, the company reaffirmed that it expects 2002 earnings of $4.70-4.75 per share, excluding nonrecurring items.

September 30, 2002

Small Firm CEO Eying Edison Bets on Unique Quasi-Public Route

The CEO of the miniscule Long Beach, CA-based street lighting company aiming to buy financially crippled Edison International said last week he is establishing a joint powers arrangement among more than 200 cities and townships in the southern half of California to help make the deal economically and politically viable. However, the long shot, high-stakes gambling approach is totally contingent on the California legislature failing to pass a rescue bill for the Edison utility.

September 3, 2001