(Oxford & Fayetteville, N.C.) Fort Bragg and all other U.S. military posts worldwide are under a directive by the U.S. Department of Defense (DOD) to substantially reduce petroleum consumption beginning with its non-tactical fleet, according to the Biofuels Center of North Carolina. The overall goal is to reduce consumption by 30 percent by 2020 using 2005 as the baseline year for comparison. Fort Bragg is on target to reduce non-tactical petroleum consumption by over 50 percent by 2013. In addition, the 2005 Energy Policy Act’s mobile source emission reduction targets can be met and exceeded with Fort Bragg’s fossil fuel reductions. The effort is driven by a Presidential Executive Order and specific Department of Defense directives to address the realization that fossil fuel dependence is a paramount national security and national economic security issue. (more…)

(Charlotte, N.C.) Piedmont Natural Gas (NYSE: PNY) has announced results for its fiscal year ended October 31, 2011.  For the year, the Company reported net income of $113.6 million and diluted earnings per share of $1.57 compared with net income of $142 million and diluted earnings per share of $1.96 for 2010.  Results for 2010 include the gain on Piedmont’s sale of one-half of its 30 percent ownership interest in SouthStar Energy Services (SouthStar) to AGL Resources (AGLR) on January 1, 2010 for $57.5 million. The after-tax gain on the transaction was $30.3 million or $0.42 per diluted share. (more…)

(Charlotte, N.C.) SPX Corporation (NYSE: SPW) has announced that it has completed its acquisition of CLYDEUNION Pumps, a leading global supplier of pump technologies that are utilized in oil and gas processing, power generation and other industrial applications. (more…)

(Wake Forest, N.C.) PowerSecure International, Inc. (Nasdaq: POWR) today announced its credit facility has been simplified and extended. The new Amended and Restated Credit Agreement reflects that the Company is carrying a large cash position due to the sale and monetization of non-core assets earlier in 2011. The new facility also eliminates four financial covenants compared to its previous facility, and provides the Company with access to significant capital resources in a structure that is more closely aligned with its growth plans and business requirements. The facility is backed by a syndicate which includes Citibank (Administrative Agent and Lead Arranger) and BB&T. The Company currently has no funds drawn on the credit facility. (more…)

(Charlotte, N.C.) The Babcock & Wilcox Company (B&W) (NYSE: BWC) has announced that its subsidiary Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has been awarded a $43 million contract by architectural, engineering and construction firm Burns & McDonnell to engineer and supply a spray dry absorber (SDA) system and a pulse jet fabric filter baghouse for Interstate Power and Light Company’s (IPL) Ottumwa Generating Station power plant in Ottumwa, Iowa. (more…)

(Charlotte, N.C.) The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that BWB Maintenance Services Company, LLC (BWB) has been awarded a master contract to provide fleet-wide maintenance and project support services on a task-specific basis for Progress Energy’s nuclear power plants in North Carolina, South Carolina and Florida. BWB is a newly formed entity of BWB LLC, a joint venture between Babcock & Wilcox Nuclear Maintenance Services, Inc. and Bartlett Holdings, Inc. (more…)

(Greensboro, N.C.) TE Connectivity (TE) has announced a new plug-and-play cabling solution for Passive Optical Network (PON) architectures. TE’s Optical LAN Solution (OLS) capitalizes on its leading fiber-to-the-premises (FTTP) product portfolio and takes a single strand of single mode fiber from the data center all the way to an individual desk or user area. As one of the most advanced, high-performance LAN solutions available today, the OLS network’s architecture is capable of delivering converged voice, video and data at high bandwidth levels for up to twelve miles, making it ideal for new construction as well as campus environments. GPON’s sophisticated data-encryption capabilities enable a secure information transport system for fiber-to-the-desk (FTTD) solutions. (more…)

(Wake Forest, N.C.) PowerSecure International, Inc. (Nasdaq: POWR) will present at the Baird 2011 Clean Technology Conference on Wednesday, November 30, 2011 at 4:15 p.m. pacific time/7:15 p.m. eastern time, at the Four Seasons San Francisco, 757 Market Street, San Francisco, CA. The presentation will include a discussion of the Company’s business operations, financial results, strategic initiatives and prospects for the future. The slide presentation and a link to an audio webcast of the event will be available beginning November 30, 2011, on the Investor Relations section of the Company’s web site at www.powersecure.com. (more…)

(Raleigh, N.C.) National Power Corporation, a leading Southeast distributor of power solution products, is delighted to announce that John R. Lowe has joined the company in the position of VP General Manager. In this position he will be responsible for the overall day to day operations. (more…)

(Charlotte, N.C.) Siemens Energy, along with state and local public officials, and a host of community leaders, celebrated the official grand opening of the new 450,000-square-foot Gas Turbine production plant adjacent to its existing Steam Turbine-Generator manufacturing plant in Charlotte, NC, today. The event marks another important milestone in Siemens’ growth strategy in the U.S., further demonstrating the company’s stated commitment to U.S. investment and its confidence in the long-term future of the U.S. energy market. When fully operational in spring 2012, the new gas turbine factory will complete Siemens’ Charlotte Energy Hub, which in this one location will provide the engineering, manufacturing, servicing and other support functions related to the supply of Siemens’ highly efficient gas and steam turbines and generators to markets around the world. (more…)

(Durham, N.C.) Nextreme Thermal Solutions, the leader in micro-scale thermal management and power generation solutions, has developed two new energy harvesting subsystems for the plumbing and HVAC industries. The subsystems are the latest additions to Nextreme’s Thermobility(TM) energy harvesting platform that uses thin-film thermoelectric technology to convert available thermal energy into electric power for a variety of autonomous self-powered applications. (more…)

(Wake Forest, N.C.) PowerSecure International, Inc. (Nasdaq: POWR) today announced that its Board of Directors has authorized a stock repurchase program of up to $5 million of the Company’s common stock. Repurchases of shares can be made from time to time in open market purchases or in privately negotiated transactions. The timing and amount of any shares repurchased will be determined in the discretion of the Company’s management based on its evaluation of market conditions and other factors. The stock repurchase program does not obligate the Company to repurchase any minimum number of shares. (more…)