SIG SAUER Cites Energy Costs in Arkansas Expansion Plans

[livingston]

SIG SAUER Cites Energy Costs in Arkansas Expansion Plans
In New Hampshire power reportedly costs around 12.33 cents per kilowatt hour, while in Arkansas SIG SAUER expects to pay 5.5 cents per kilowatt hour. Jeff Chierepko puts the power savings at over one million dollars every year. Those are the kinds of operating costs that lead companies to move to friendlier economic regions.

SIG SAUER Cites Energy Costs in Arkansas Expansion Plans - The Firearm Blog

 

[togmaster]

As long as they keep the training facility in New Hampshire I don't mind.

 

[livingston]

Strong reactions as state's highest court nixes pipeline funding mechanism
BOSTON -- Fossil fuel foes, a liquefied natural gas company and a trade association representing power generators celebrated Wednesday's news that natural gas pipeline growth in New England will not be financed by electrical ratepayers in Massachusetts.

Meanwhile, the administration of Gov. Charlie Baker cautioned that new natural gas capacity is needed to meet the region's power demands without raising costs. Similar sentiments were expressed by electrical utilities and a major pipeline developer.

In a closely watched case, the Massachusetts Supreme Judicial Court on Wednesday struck down a mechanism where electric utilities would be allowed to forge 20-year contracts for natural gas pipeline capacity, sell that capacity to power plants and pass the costs to their retail customers.
"Massachusetts has some of the highest electricity rates in the nation, and without additional gas capacities and a diverse energy portfolio, the trends will continue to rise over time. The Department of Public Utilities respects the Supreme Judicial Court's decision, and while the federal government remains the deciding authority on pipeline siting decisions, the Baker-Polito Administration believes meeting the region's energy demands without raising costs for consumers requires additional natural gas along with the wind and hydroelectric power provisions recently signed into law."

August 17, 2016
Strong reactions as state's highest court nixes pipeline funding mechanism


Gas pipeline foes form three-state coalition to fight Kinder Morgan's Northeast Energy Direct project
GREENFIELD -- Opponents of a proposed Kinder Morgan natural gas pipeline have formed a three-state coalition to wage battle against the multi-billion-dollar project, according to a press release from activists.

The Stop NED Coalition will target Northeast Energy Direct, the Tennessee Gas Pipeline project which, if built, would cut through New York, Massachusetts and New Hampshire on its way to a gas hub in Dracut. The pipe would bring up to 2.2 billion cubic feet of natural gas daily from the Marcellus shale fields to New England and Canadian markets.

Potential customers for the gas include local distribution companies, natural gas-fired power plants, and liquefied natural gas (LNG) producers, officials have said.



The 36-inch, 350-mile high-pressure pipeline would originate in Pennsylvania, head to Wright, N.Y., then travel 53 miles to the Massachusetts border. Sixty-four miles of pipeline would cross the towns of Hancock, Lanesborough, Cheshire, Dalton, Hinsdale, Peru, Windsor, Plainfield, Conway, Ashfield, Shelburne, Deerfield, Montague, Erving, Warwick and Northfield before entering southern New Hampshire on its way east.
Gas pipeline foes form three-state coalition to fight Kinder Morgan's Northeast Energy Direct project

 

[speedkills27]

Thats alot of money to save per year. Hopefully they keep the NH plant and the Academy open. I have also spent some time at the Academy and have a friend that works at the plant

 

[livingston]

One million in savings ..... In a manufacturing business the cost of electric power is ranked 2nd only to wages in dealing with expenses . .... No need to wonder why the Northeast including NY State see an erosion of good paying employment opportunities....
September 10. 2016 8:07PM Business Perspective: Energy prices zap business 
growth in NH
Electric prices in New Hampshire are 55.6 percent higher than the national average, according to the most recent data from the U.S. Energy Information Administration, Even in times of low demand when rates drop, they’re still nearly 60 percent higher in New Hampshire than in the rest of the country. For you, that means your family is paying approximately $400 to 500 a year more for electricity than families in other states. Now imagine what that increased cost means for businesses, especially for companies like ours. At Globe Manufacturing, we use a lot of power to run our machinery, maintain our inventory of products, and simply keep the lights on. For you as an individual or family, the extra cost for electricity in New Hampshire is money that could otherwise be used for improvements to your residence, a vacation, new clothes for the kids, etc. Likewise, higher electricity costs not only add hundreds of thousands of dollars to the cost of making our products

— - See more at:
- See more at: Business Perspective: Energy prices zap business 
growth in NH | New Hampshire

 

[99cummins]

People don't think about electricity costs for a business. Even a small business can spend thousands of dollars a month on electric. Cutting that in half is a big deal.

 

[Defilade]

Any reason why solar panels are not on the shelves at Home Depot like plywood in which I can bolt on my house and by done with the energy industry? God knows the technology is there. Companies should be mass producing residential solar panels that are cheap. I'm sure there is a market for them.

 

[MilesTeg]

Any reason why solar panels are not on the shelves at Home Depot like plywood in which I can bolt on my house and by done with the energy industry? God knows the technology is there. Companies should be mass producing residential solar panels that are cheap. I'm sure there is a market for them.

Why make cheap panels when the government is subsiding them. They can make a few panels and charge top dollar. More profit with less risk, overhead, and effort. Whenever the government has subsided anything prices for up, and production slows.

 

[Saltwater60]

I agree, but there are plenty of grants available. I know it's giving companies our tax $ and I don't agree with that. For instance my company had an electrician install all new led lights for free. Meaning you and I paid for it. Nice huh?
I don't blame sig one bit.