Blogs > Power to the People

Following energy issues in the state of Connecticut and beyond.

Friday, December 26, 2014

Connecticut Is One Nation's Top States for Fuel Cells, New Report Says

The U.S. Department of Energy has ranked Connecticut as one of top five states in the country when it comes to use of fuel cells and development of the power source.

The federal agency's 82-page report, "State of the States: Fuel Cells in America 2014" was released earlier this month. Gov. Dannel Malloy said in a statement that the state's ranking in the latest edition of the report, as well as the previous four editions of the publication, "demonstrates that our work to deliver cheaper, cleaner and more reliable energy sources for Connecticut residents and businesses is paying off.”

"The U.S. fuel cell industry employs thousands of residents and generates millions of dollars in economic activity and tax revenue," Malloy said. "That is why we have implemented the policies necessary to drive the use of fuel cells and ensure there is no better place for the renewable energy sector to continue to grow and create jobs than right here in Connecticut."

Among the major fuel cell advances in Connecticut that the report cites are:

- The 2013 launch on the nation's largest  fuel cell power station, 14.9 megawatts, which was installed by Danbury-based FuelCell Energy, and is operated by energy producer and transporter, Dominion Energy.

- Two fuel cells that The United Illuminating Co. is installing in 2015 in Bridgeport and New Haven that will produce  5.6 megawatts od power between them.

- Plans by South Korea's Doosan Co., which bought the assets of  bankrupt ClearEdge Power, to hire 150 employees by the end of 2015 for the headquarters of its American fuel cell business.

Connecticut companies are estimated to have generated close to $600 million in revenue and investment annually. 

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Monday, December 15, 2014

Stamford Electric Grid Upgrade Completed

Connecticut Light & Power has completed a nearly nine-month long project designed to improve electric reliability in Stamford.

Work on the project started in March and was completed at the end of last month, CL&P officials said.The Stamford Reliability Cable Project covered about 1.5 miles through the Fairfield County community's downtown and made its way beneath the Metro North commuter rail as well as along highway corridors. The project connected two existing substations in the city's Glenbrook and South End neighborhoods with 115,volt cables, according to CL&P officials.

 In the photo shown at left, members of the Stamford Fire Department are briefed by a project contractor on the tunneling operation under the Metro-North Railroad right of way near Lincoln Avenue.

Dwayne Basler, vice president of transmission projects, engineering & maintenance for Northeast Utilities, CL&P's corporate parent said the project is an example of a highly targeted investment in the utility company's distribution network. 

 “These investments ensure reliable, cost-effective energy for our customers and support the continued economic growth in southwest Connecticut,” Basler said in a statement..

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Wednesday, December 3, 2014

Northeast Utilities Declares Quarterly Dividend

Northeast Utilities (NU) announced Wednesday that its board has approved a dividend of 39.25 cents per share of common stock.

The dividend is line with the Hartford-based utility company's previously quarterly dividend payment, which was made at the end of September. The dividend announced Wednesday will be paid out on Dec. 31 to shareholder of record as of the close of business on Dec. 15.

NU has approximately 317 million in common shares outstanding.

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