“NTE Energy came to Middletown, Ohio, in 2015 — and our community is a better place today because of it. As NTE promised, our residents and businesses have a reliable source of clean energy – and we’ve gained an active partner in improving life here. NTE worked with Atrium Medical Center Foundation to complete our $1 million-plus campus walking trail — a great asset to our community’s health and wellness — and encouraged the partners developing the plant to join the effort.”
“The benefits of the proposed Killingly Energy Center are extensive and significant. They begin with local jobs and extend much further, providing not only the cleaner, more reliable and more affordable source of energy that Connecticut and the New England region so urgently needs, but reaching out across the community in a host of valuable ways.”
“NTE Energy marked its 10th anniversary April 22 with a celebratory dinner and the debut of a new logo. Held at The Treasury on the Plaza in St. Augustine, the celebration featured cocktails, dinner, entertainment and the presentation of the new logo as the company expands its presence and impact as an independent power producer.”
“Construction is slated to being (sic) this fall on the nearly 500-megawatt Reidsville Energy Center that could bring 300 local construction jobs and as many as 20 full times jobs once the plant begins operation, according to an NTE Energy, LLC official.”
At the March 26 regular council meeting, City Council approved an average 10.8% rate reduction for all of their 4,929 electric customers. Mayor Scott Neisler stated, “This is another historic event for our customers. In today’s economy, it is very rare to hear of any type of utility rate reductions. What a great way to improve our citizens’ quality of life.” Read more here.
Eastern Connecticut Chamber of Commerce President and CEO Tony Sheridan is correct when he writes ("Killingly Energy Center a boon to clean energy, economic development") that the proposed Killingly Energy Center will have many benefits for the town of Killingly and Connecticut.
We've all read the headlines and seen the reports — facing massive state budget deficits that stretch for years to come, Connecticut is struggling to retain meaningful jobs, young people and businesses, and struggling to attract new investment.
Duke Energy Corp.’s grip on North Carolina’s power sector has tightened over the last decade through its acquisition of Piedmont Natural Gas Co. and limited competition for wholesale power. But Florida-based NTE Energy sees an opportunity to grab a sliver of the market — and potentially more — by investing billions to offer lower-priced electricity to Tar Heel cities, electric co-ops and universities that manage their own distribution networks.
In addition to Stantonsburg, officials in Black Creek, Lucama and Sharpsburg recently approved terminating longstanding contracts with Duke in favor of power purchase agreements with NTE Energy. According to a news release, after evaluating proposals from several power suppliers, the four towns selected NTE and locked in “highly competitive pricing for the next two decades” that enables town officials to pass the savings to residents.
Sharpsburg and three other North Carolina towns will see a drop in their power bills due to agreements with NTE Energy. At a time when electricity rates are rising across the state, residents of Sharpsburg, Black Creek, Lucama and Stantonsburg learned their electric rates have been cut by 9 percent.
Florida-based NTE is spending $2 billion to build plants and battle Duke Energy for wholesale utility customers — a sign of increased competition in what could become a wave of new players across the Carolinas.