Universal Bioenergy Inc. (fka UBRG)

[Nadendla]

I double checked..It is THIS COMPANY that UBRG signed with ..compare todays PR to the matter below regarding Dominion Resources, Inc. (NYSE:D) ..

PR..

Universal Bioenergy Announces NDR Energy Group Signs New Agreement to Supply Natural Gas to $13 Billion Power Company

IRVINE, Calif., Sep 03, 2014 (GLOBE NEWSWIRE via COMTEX) -- Universal Bioenergy Inc., (OTCPINK:UBRG), a publicly traded diversified energy company that markets and distributes natural gas, petroleum, coal and electricity, announced that its subsidiary NDR Energy Group signed an agreement to supply natural gas to one of the top five largest electric and gas power companies in America. The agreement is projected to generate tens of millions of dollars in additional revenue for the Company from the sales of natural gas.
Universal Bioenergy posted sales of $58.29 million for the nine months ended March 31, 2014, which was a 41.19% increase over the same period last year.

According to the utility customer, it is one of the nation's largest producers and transporters of energy, and has a portfolio which includes thousands of megawatts of electric power generation, thousands of miles of natural gas transmission pipelines and thousands of miles of electric transmission lines. The utility serves energy customers in 10 states, and operates one of the largest natural gas storage systems in the nation, with hundreds of billions of cubic feet of storage capacity. The utility customer is traded on the New York Stock Exchange and reported over $13.12 billion in revenues in their 2013 Annual Report.

NDR Energy Group's President and CEO, Ken Harris stated, "At the beginning of 2014, we set out on a difficult course to substantially increase our customer base. In that we already had contracts with some of the largest utilities in the US, we knew that maintaining and growing a customer base of first-in-class, large utilities would have been challenging. This new contract is with one of the five largest electric utilities in the U.S. Additionally, this new customer will be one of the most powerful energy companies concerning the natural gas trades for years to come. There are many potential future synergies concerning this transaction, including our exploration of natural gas exports. In the last six months, we have entered into contracts with two of the five largest electric utilities in the US. These continue to be exciting times for NDR."



Dominion Resources, Inc. (NYSE:D)

Dominion Resources, Inc. (NYSE:D) is among the nation's largest producers and transporters of energy, with a portfolio of approximately 23,600 megawatts of electric generation, 10,900 miles of natural gas transmission, gathering and storage pipeline and 63,400 miles of electric transmission, and distribution lines. The company operates one of the largest natural gas storage systems in the U.S. with 947 billion cubic feet of capacity and serves nearly 6 million utility and retail energy customers in 15 states. Dominion's generation mix includes 46% from coal electric generation, 41% from nuclear generation, 9% from natural gas, 1% from oil and the remaining 3% from hydro and other renewable resources.

Financial Highlights

Apart from the steady revenue growth in 2013, Dominion's performance remained quite positive. For fiscal year 2013, the company generated $13.12 billion in revenues reflecting an increase of 2.2% compared to 2012. The revenue increase was due to improved sales to retail customers, improved revenues from regulated natural gas transmission, and growth in gathering and storage services. Despite the steady growth, the 20% cost savings proved to be a major earnings growth driver. The reported earnings significantly improved after a major decline in 2012. The GAAP earnings of $1.70 billion or $2.39 per share in 2013 were up from $302 million or $0.53 per share in 2012.

Dominion uses operating earnings as the primary performance measurement of its earnings guidance and results for public communications with analysts and investors. The operating earnings of $1.88 billion or $3.25 per share in 2013 increased from $1.77 billion or $3.09 per share in 2012.