Utilities
-
State Reps Descend Upon Marcus Hook to Laud Benefits of Marcellus Shale
Leading members of the Pennsylvania House of Representatives visited Delaware County this week to see first-hand the benefits of the Marcellus Shale at the Marcus Hook Industrial Complex. State Rep. Kerry Benninghoff, chairman of the House Majority Policy Committee, led a panel discussion that included local State Rep. Stephen Barrar, fellow committee members, and representatives…
-
Utilities Stock Analyst Sees Lucrative Investments in Philadelphia Area
Michael Gaugler, the utilities stock analyst who recently rejoined financial planner Janney Montgomery Scott, believes that water and gas companies in the Philadelphia area are a potentially lucrative investment option, writes Joseph DiStefano for the Philadelphia Inquirer. Gaugler predicts that despite the current low price of natural gas, the Marcellus Shale gas boom – combined…
-
Monroe Energy in Trainer Pumping Out Better-Than-Expected Profit Margins
Profits are flowing faster than expected through Monroe Energy’s oil refinery in Trainer, despite the fact that lower oil prices have derailed cheap supplies from North Dakota. Greater gas and diesel demand from Latin America and a narrowing of the price spread between heavy crude oil and Monroe Energy’s light sweet crude oil – because…
-
Delco at Center of America’s Natural Gas Boom
With Sunoco Pipeline’s Mariner East 2 pulsing through its communities, Delaware County is already at an epicenter of the American natural gas boom, and it’s just getting started. The American Petroleum Institute just released a 268-page report that details how the industry is poised to grow jobs nationwide by 50 percent over the coming 25…
-
Braskem Picks Texas Over Marcus Hook — This Time
Infrastructure advantages near Houston are diverting a $675 million investment in a new Braskem thermoplastics plant to Texas instead of Marcus Hook — at least this time around. “Because we’re making an investment in Texas should in no way signal that we won’t make an investment here in the future,” said Braskem America CEO Mark…
-
Chester Water Authority Flushes $250 Million Offer Down the Drain
The Chester Water Authority is flushing down the drain a $250 million bid for the public utility in order to protect customers. “Our obligation is to act in the best interest of the ratepayers,” said Solicitor Frank Catania in a Philadelphia Inquirer report by Joseph DiStefano. Under a new state law passed last year, Aqua…
-
Pipeline Reversal Threatens Already-Vulnerable Refinery in Trainer
The Monroe Energy refinery in Trainer is already one of the region’s two most vulnerable oil refineries, and a new Laurel Pipe Line proposal could put it further at risk by cutting off Pittsburgh oil buyers. Pipeline owner Buckeye Partners wants to stop oil from Philadelphia at Altoona and reverse the flow in western Pennsylvania,…
-
Absorbed by Parent Company, Sunoco Logistics to Continue Operating from Newtown Square
Last week, Newtown Square’s Sunoco Logistics Partners, merged with parent company Energy Transfer Partners, writes Andrew Maykuth for the Philadelphia Inquirer. According to filings submitted to the Securities and Exchange Commission, Sunoco will continue to run operations from its Newtown Square headquarters. Meanwhile, Dallas-based ETP has said it expects to achieve synergy and close to…
-
Call for Caution as Natural Gas Booms in Chester
With billions of dollars literally headed down a natural gas pipeline, the anticipation of an industrial boom in Chester is palpable. And Lt. Gov. Mike Stack met the mix of both excitement and caution with a message of balance during the recent Sustainable Energy Leadership Forum at Widener University, according to a Daily Times report…
-
Yeadon Gets Almost $10 Million for New Sewer Pipes
Pennsylvania is cleaning up the land and water in local neighborhoods with an almost $10 million loan for new sewer pipes in Yeadon Borough. The Pennsylvania Infrastructure Investment Authority will loan Yeadon just shy of $9.6 million — a fourth of the statewide $39 million water infrastructure investment across nine counties — to “replace several…
-
PECO Announces Further Price Cuts
More good news is coming from PECO, as the energy company has announced further price cuts, beginning on June 1, writes Andrew Maykuth for the Philadelphia Inquirer. PECO’s customers have already been paying less for their electricity over the last six years, since competitive market rates took effect. In competitive markets like Pennsylvania’s, retail customers…
-
PennAg, Sunoco Logistics Launch Biosecurity Education Module at Pennsylvania Farm Show
PennAg Industries Association, the premier agribusiness association in Pennsylvania, and Sunoco Logistics, the Newtown Square-based petroleum transportation company, launched a biosecurity training and education module to raise awareness on the basics of farm safety and etiquette for the energy industry and beyond. Biosecurity is the prevention of disease from spreading to or from areas occupied…
-
Middletown Residents Rally Support for Safety Study of Sunoco Pipeline
A study meant to alleviate the fears surrounding the Mariner 2 pipeline being constructed by Newtown Square’s Sunoco Logistics is getting enormous support from Middletown residents, writes Leslie Krowchenko for The Daily Times. More than 60 township residents attended a council meeting on Jan. 10 to show their support for the approval of a quantitative…
-
Delta Refinery in Trainer Posts End-of-Year Loss, but Forecasts $100 Million Profit in 2017
Delta Air Lines’ refinery in Trainer does not seem daunted by its posted loss of $125 million for 2016, as the company has already announced an expected profit of close to $100 million for this year, writes Linda Loyd for the Philadelphia Inquirer. “We are expecting the refinery to produce a profit of around $100…
-
Proactive PECO to Inspect 39,000 Suburban Utility Poles This Year
PECO’s never-ending challenge to keep the lights on will become even more visible this year throughout suburban Philadelphia. The energy provider is set to inspect more than 39,000 utility poles for potential problems — and fix any issues it finds — in Bucks, Chester, Delaware, and Montgomery counties. The $3 million project is just a…
-
Fortune: Merger Involving Newtown Square’s Sunoco Logistics One of Five Biggest Deals of 2016
While many were focused on the recent election, big businesses had other things on their mind, such as the recent, $51 billion merger between Sunoco Logistics Partners and Energy Transfer Partners, writes Lucinda Shen for Fortune magazine. The deal ranked as one of the five biggest mergers and acquisitions of 2016, according to the magazine.…
-
PECO Pumps $32 Million into Smart Grid at Marcus Hook Industrial Complex
PECO just finished pumping $32 million into a smart-grid substation that will help get more business coursing through the Marcus Hook Industrial Complex. PECO’s new electric distribution substation was outfitted with fiber-optic technology and real-time component monitoring through thermal imaging, according to a Philadelphia Inquirer report by Andrew Maykuth. After spending almost a year and…
-
Local Proponents of New Pipeline Hope for Deregulation Boost from Donald Trump
Proponents of the lauded and controversial push to convert Philadelphia and its suburbs into the country’s energy hub are hoping to get a boost after Donald Trump takes over as President, writes Michelle Caffrey for the Philadelphia Business Journal. Business leaders have been working on promoting the city’s potential in the energy sector for the…
Founding Partners
Advertisement
Affiliate Partners
Chamber Partners
