News today:
NDR Energy to supply electric power to electric utility on west coast
9 October 2013, Electricity, Nuclear, Solar, Wind
On February 12, 2013, the Company announced NDR Energy received final approval for its "Power Marketing License" from the Federal Energy Regulatory Commission (FERC). With this new contract, the Electric Power Division will now begin to market electric power.
NDR Energy Group's Electric Power Division intends to market wholesale electric power to its electric utility customer base, and retail power to its expanding customer base which may include federal and state agencies, US military, municipalities and large commercial and industrial companies.
NDR Energy Group's President, Ken Harris says, "This is one of the most significant developments in NDR history. In February 2013, NDR received its FERC license. We immediately initiated relationships with large power/electricity producers. Today, we entered into our first Master Power Purchase and Sale Agreement with a major utility. Now, power/electricity sales will be a point of emphasis for NDR during the upcoming quarter and in the foreseeable future. We are experiencing substantial growth concerning our natural gas division. However, we now add to that strong vertical the opportunity for increased margins and huge sales volume in our power/electricity division. I applaud our marketing and operations team members Debra Lynch and Gina Roy for their diligent efforts in working on this transaction. These continue to be remarkable times for our Company. Additionally, I am pleased that we now have power/electricity sales as a huge complement to our traditionally strong natural gas operations."
