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U.S. Daily Market Briefs - 3/17/2010




Coal
 
ST. LOUIS, March 15 /PRNewswire-FirstCall/ -- Patriot Coal Corporation (NYSE: PCX) today reported that it has reached an agreement to sell approximately 1.5 million tons of metallurgical coal for delivery beginning in April 2010 through early 2011 to steel mills in the Pacific Rim.  The coal wi (Source: PR Newswire - http://www.prnewswire.com)

 
CHARLOTTE, N.C., March 15 /PRNewswire-FirstCall/ -- CoaLogix Inc. the leader in the regeneration and management of SCR Catalyst, announced that it has been chosen by AlwaysOn as one of the GoingGreen East Top 50 Winners. Inclusion in the GoingGreen 50 signifies major developments in the creation of (Source: PR Newswire - http://www.prnewswire.com)

 
PASADENA, Calif., March 15 /PRNewswire-USNewswire/ -- The Renewable Energy Accountability Project (REAP) strongly supports Mayor Antonio Villaraigosa's clean energy investment strategy to make Los Angeles coal-free by 2020. "The clean energy investment strategy, outlined today by Mayor Villaraigosa, (Source: PR Newswire - http://www.prnewswire.com)

 
PITTSBURGH, March 15 /PRNewswire-FirstCall/ -- CONSOL Energy Inc. (NYSE: CNX), a producer of high-Btu thermal coal, metallurgical coal and natural gas, announced today that it has entered into a definitive agreement to acquire the Appalachian exploration and production business of Dominion Resources (Source: PR Newswire - http://www.prnewswire.com)

 
Two plans for capturing the carbon dioxide emissions from coal-fired power stations have shared tens of millions of pounds of government money to fund detailed design... (Source: Financial Times - http://www.ft.com)

Crude
 
Chevron Corp., the nation’s second-largest oil producer, plans to cut 2,000 jobs from departments including refining, marketing and retail operations. (Source: BizJournals - http://www.bizjournals.com)

 
Energy companies are facing a longer-term struggle even as the summer driving season approaches and the economy shows signs of life. (Source: MarketWatch - www.marketwatch.com)

 
The Sasref refinery, a joint-venture between Saudi Aramco and Royal Dutch Shell, has started commercial production at an ultra-low sulphur diesel unit, targeting European markets, Reuters has reported. The unit at the 305,000 barrels per day refinery in Jubail, started production of around 100,000 bpd of clean diesel, making it among the first Saudi producers with sulphur at less than 10 parts-per-million, the company said. The crude refinery can export as much as 60,000 tonnes of oil products per day, mainly fuel oil, naphtha, gas oil and jet. (Source: Ame Info - http://www.ameinfo.com/)

 
The U.S. dollar’s strength and worries over weak demand weigh on oil prices. (Source: MarketWatch - www.marketwatch.com)

 
Crude oil prices rose amid expectations for an improvement in demand growth this year while sugar prices managed a partial rebound after their pounding earlier this week (Source: Financial Times - http://www.ft.com)

Electricity
 
Duke Energy Carolinas has sharply curtailed the capacity of the power plants it anticipates building over the next 20 years. (Source: BizJournals - http://www.bizjournals.com)

 
DOE is offering conditional loan guarantees to two clean energy projects: a 30-megawatt wind farm with battery storage in Hawaii and an expansion of Sage Electrochromics' high-volume manufacturing plant in Minnesota for electronically "tintable" windows. (Source: USA.gov - http://www.usa.gov)

 
ATLANTIC CITY, N.J. (AP) -- Utility crews pushed through fallen trees and windblown debris to reach downed power lines Sunday, working to restore electricity to more than a half-million homes and businesses after strong winds and heavy rain wreaked havoc in parts of the Northeast.... (Source: Associated Press (AP) - http://www.ap.org)

 
The U.S. Navy recently awarded a $200 million contract for a total of 40 megawatts (MW) of solar photovoltaic power systems on Navy and Marine Corps bases throughout the Southwest. The National Park Service is also installing solar power at many of its facilities, using Recovery Act funds. (Source: USA.gov - http://www.usa.gov)

 
German industrial conglomerate Siemens AG is consolidating production of gas turbines for electric utilities in North Carolina to position itself for an expected boom in electricity demand in the Southeast and around the world. (Source: Yahoo - www.yahoo.com)

Emissions
 
Environmentally minded shareholder proposals, many of which ask companies to disclose their greenhouse gas emissions and set a plan for reducing them, are at an all time-high this year. And, for the first time, they are joined by a new initiative — asking oil and natural gas companies to study the environmental, legal and financial repercussions of hydraulically fracturing shale. (Source: BizJournals - http://www.bizjournals.com)

 
(New York, N.Y.) One year ago today, President Obama signed the American Recovery and Reinvestment Act, and over the last year, projects funded by the U.S. Environmental Protection Agency (EPA) have yielded cleaner air, water and land, and new jobs across the country (Source: USA.gov - http://www.usa.gov)

 
WASHINGTON – The U.S. Environmental Protection Agency (EPA) is recognizing eight landfill methane capture projects for their innovation in generating renewable energy and reducing greenhouse gas (GHG) emissions (Source: USA.gov - http://www.usa.gov)

 
WASHINGTON - In 2009, EPA’s Energy Star Leaders prevented the equivalent of more than 220,000 metric tons of carbon dioxide and saved more than $48 million across their commercial building portfolios (Source: USA.gov - http://www.usa.gov)

 
2010: $2.07 2013: $1.86

Natural Gas
 
RICHMOND, Va., March 15 /PRNewswire-FirstCall/ -- Dominion (NYSE: D) today announced that it has agreed to sell its natural gas and oil exploration and production business to a newly-formed subsidiary of CONSOL Energy (NYSE: CNX), for a total of $3.475 billion, subject to adjustments pursuant to the (Source: PR Newswire - http://www.prnewswire.com)

 
Kansas City Power & Light is teaming up with the city of St. Joseph to create a power plant that converts methane leaking from the city’s landfill into energy. (GXP) (Source: BizJournals - http://www.bizjournals.com)

 
(New York, N.Y. ) The U.S (Source: USA.gov - http://www.usa.gov)

 
As solar becomes the power source of choice in La Plata County in southwestern Colorado, the natural gas industry has been relegated to the shadows. (Source: MSNBC - http://www.msnbc.msn.com)

 
Exxon Mobil says it will acquire XTO Energy in an all-stock transaction valued at $31 billion. (Source: MSNBC - http://www.msnbc.msn.com)