How owners hold title to their property is one of the most important aspects of asset protection, asserts certified financial planner (CFP) G. Kent Mangelson. Placing assets in a limited liability company (LLC) is one of the primary tools an individual or business owner can use to keep his or her holdings protected. In his April 8 presentation at NPGA’s Southeastern Conference, Mangelson focused on three main areas of asset protection: estate planning, lawsuit protection, and income tax reduction. He is senior adviser for the American Society for Asset Protection, a company that teaches business owners how to use legal tools to achieve asset protection. In his presentation, “Lawsuits, Taxes, and Probate: Reduction Strategies for Propane Gas Professionals,” Mangelson disclosed that if a person uses...

(CHATSWORTH, Calif.) May 10, 2016 — Capstone Turbine Corporation, a leading clean technology manufacturer of microturbine energy systems, announced today that it received an order for a C800 microturbine to power a large hotel in the Caribbean region. Energy Systems of Caribbean, Capstone’s distributor for the Caribbean region and Puerto Rico, secured the order. Darren Jamison, President and Chief Executive Officer of Capstone Turbine, said, “Improving our geographic diversification is a key strategic initiative and our efforts are resulting in significant new bookings from growth areas that include Mexico, South America, Eastern Europe, Australia, China, Africa and the Middle East. The market in the Caribbean region and Puerto Rico is also developing nicely as utility rates continue to increase and propane prices remain very reasonable.”...

After more than 20 years in the making, an exhibit at the National Museum of Industrial History in Bethlehem, Pa. featuring “The History of Propane” will open this August. The museum will tell the story of America’s industrial achievements and celebrate the accomplishments of inventors, industrialists, and workers, while preserving a record of industry’s advancements from the mid-1800s to the present. Foundations of American industry such as steel, textiles, and of course, propane, will be showcased alongside significant items from the Smithsonian’s Work and Industry Collections. Propane industry artifacts will include the original stock certificates and equipment from American Gasol, the first LP-gas company in the U.S., as well as displays showcasing the modern-day efficiency and various uses of propane. The Ancient Gassers, with major...

Sales of odorized propane in the U.S. climbed nearly 5.8% in 2014 compared to a year earlier, marking the second year in a row sales accelerated and reversed a years-long sales decline.o The “2014 Sales of Natural Gas Liquids and Liquefied Refinery Gases” survey, prepared by the American Petroleum Institute’s (API) statistics department, shows year-on-year propane sales gaining almost 5.1 million gallons to stand at more than 9.3 billion gallons for the latest reporting period. Further, all end-use categories measured—residential, commercial, sales to retailers, internal combustion, industrial, and agricultural—showed improvement over 2013 tallies. The increase follows sales jumping by double digits in 2013 compared to 2012. In 2013, sales were a significant 14.1% higher, bringing the total to more than 8.83 billion gallons sold and...

As Teeco Products (Irvine, Calif.) celebrates its 70th anniversary, its new president, Bob Bailey, looks toward the future while reminiscing about the past that has grown the company from a one-man operation to what it is today. Bailey, who joined the wholesale gas equipment distributing and fabricating company in 1989, notes that although the company is known for its products and services, it recognizes the importance of its past leaders and their involvement in the propane industry. To that end, four Teeco presidents have served as chair of the Western Propane Gas Association: Bennett C. Tilden (1960-1961), Mike Ball (1974-1975), John Andrews (1995-1996), and Dwaine Goodwin (2008-2009). “Teeco Products always had the philosophy that we understand the importance of the association and how we always...