WHIPPANY, N.J., (Dec. 28, 2022) — Suburban Propane Partners L.P. announced that its wholly-owned subsidiary, Suburban Renewable Energy LLC, reached an agreement to acquire a platform of renewable natural gas (RNG) assets from Equilibrium Capital Group.
DOVER, Del. (Dec. 16, 2022) — Chesapeake Utilities Corporation announced that its subsidiary, Florida Public Utilities (FPU), has acquired the propane operating assets of Hernando Gas, based in Hernando, Florida. Through this acquisition, the company expands its operating footprint further into Florida, where customers will be served by FPU.
Nearly one-third of the energy consumed in commercial buildings in 2018 was used for space heating. Commercial buildings consumed 6.8 quadrillion British thermal units (quads) of energy in total, and 2.2 quads were used for space heating. Space heating was the main end use for all fuels except electricity, making up at least two-thirds of end-use consumption for natural gas, fuel oil and district heat, but only 6% of electricity consumption.
Rye Brook, NY (Dec. 22, 2022) — Rye Brook, New York-based propane company Paraco Gas has acquired Chickos Energy Services, headquartered in Milford, Connecticut. The acquisition expands Paraco’s new HVAC division into Connecticut.
BROOKNEAL, Va. — Family-owned wholesale fuel distributor and emergency fuel management company Foster Fuels Inc. purchased fuel provider Candler Oil Company based in Lynchburg, Virginia.
During the latest mid-month period, prices at Mont Belvieu decreased as we head into winter. The posted prices decreased 16.583 cents/gal, from November mid-month to December mid-month while the spot prices decreased 17.375 cents. Conway, Kan., postings ended with a 15.3-cent decrease and spots decreased 14.5 cents over the month.
VANCOUVER, British Columbia (Dec. 07, 2022) — Westport Fuel Systems Inc. announced that it has been awarded a program to develop and supply liquefied petroleum gas (LPG) systems to a global original equipment manufacturer (OEM) to accommodate a number of its Euro 7 vehicle platforms. The deal is forecasted to generate €40 million in annual revenue with production expected to begin in Q1 2025.
Canada's primary underground propane inventories decreased by 8.73% in December, according to the Canada Energy Regulator. The total, 1679.1 Mcm, represented a month-to-month decrease of 160.6 Mcm. Compared to a year earlier, stocks were lower, with 323.1 Mcm, or 16.14%, less product on hand.
VALLEY FORGE, Pa. (Dec. 1, 2022) — UGI Corporation announced that Robert F. Beard has been appointed chief operations officer (COO) reporting to UGI’s President and Chief Executive Officer Roger Perreault, effective immediately.
WASHINGTON (Dec. 12, 2022) — The Propane Education & Research Council (PERC) announced the commitment of Port Newark Container Terminal (PNCT) to reduce emissions by using propane equipment at its location in Newark, New Jersey.
WASHINGTON (Dec. 7, 2022) — Gavin Hale joined the Propane Education & Research Council (PERC) as vice president in charge of business development, PERC President and CEO Tucker Perkins announced.
“Gavin is a proven leader with a wealth of experience in new product development, a robust understanding of engine markets and expertise in complete powertrain integration,” Perkins said. “We are excited to have him on board to help seize the opportunities ahead for our industry.”
The United States Energy Information Administration (EIA) expects higher wholesale electricity prices this winter in every region of the country.
According to EIA’s December "Short-Term Energy Outlook" (STEO), the increase in wholesale winter electricity prices ranges from 33% higher in California to more than 60% higher in the mid-Atlantic and Central regions.
ST. PAUL, Minn. (Dec. 6, 2022) — CHS Inc. owners elected five board members to three-year terms during the cooperative's 2022 annual meeting held December 1 and 2 in Minneapolis, Minnesota.
Reelected to three-year terms were:
Energy Distribution Partners (EDP) marked its 10th year in business with a corporate gathering in early November at its headquarters in Chicago.
The company was launched in 2012 by industry veteran Tom Knauff and has since completed 34 transactions. EDP now serves more than 200,000 customers across 19 states.
WASHINGTON (December 6, 2022) — The Propane Education & Research Council (PERC) is hosting a new webinar, “The Opportunity for Propane in the Rental Service Market” as part of its Propane Presents Technology Series beginning at 2 p.m. Eastern on Tuesday, Dec.
Energy Distribution Partners (EDP) has announced the acquisition of High Grade Gas Service, which is headquartered in Stafford Springs, Connecticut. This transaction marks EDP’s first operation in the state, further expanding the company’s footprint into the Northeast.
A third-generation, family-run business, High Grade Gas Service was founded in 1957 and has been owned by the Aiken family for the entirety of its 65 years in business.
Legacy Energy Consulting announced it recently facilitated the successful sale of Reliance Propane Service, based in Oroville, California, to ThompsonGas LLC, headquartered in Frederick, Maryland.
WASHINGTON (Nov. 15, 2022) — A new incentive program is available for manufactured housing retailers from the Propane Education & Research Council (PERC). The new incentive program, the Manufactured Housing Retailer Incentive Program, encourages manufactured housing retailers to work with their clients to include clean, reliable, and efficient propane appliances in homes.
WINSTON-SALEM, N.C. (Nov. 11, 2022) — Blue Rhino announced another expansion of its home delivery service, this time to the Fort Myers, Florida, area. In addition to purchasing or exchanging for a ready-to-grill tank at any of the dozens of convenient stores that offer Blue Rhino propane, Fort Myers residents can now have a fresh, cleaned and leak-tested Blue Rhino tank or two delivered directly to their front door.
During the latest mid-month period, prices at Mont Belvieu, Texas, increased as we get closer to winter. The posted prices increased 3.5 cents/gal from October mid-month to November mid-month, while the spot prices increased 1.375 cents. Conway, Kansas, postings ended with a 3.05-cent increase and spots increased 0.75 cents over the month.
The United States Energy Information Administration (EIA) expects that low inventories of distillate fuels, which are primarily consumed as diesel fuel and heating oil, will lead to high prices through early 2023.
According to EIA’s November "Short-Term Energy Outlook" (STEO), diesel prices will remain higher than $5 per gallon the remainder of the year, and bills for homes that use heating oil will increase by 45% this winter season compared with last winter.
(Newport, New Hampshire) — Eastern Propane & Oil, a family-owned business since 1932 serving over 100,000 customers throughout New England, has added to the family with the recent acquisition of Goodrich Oil & Propane in Newport, New Hampshire.
