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EnviroBusiness News….May 2007
Buchanan Ingersoll acquires San Diego firm
Two months after losing its San Diego office
managing
partner,
Buchanan Ingersoll said Thursday it has acquired seven-lawyer San Diego law
firm
Alhadeff & Solar.
Buchanan said it will maintain its four-lawyer office in
Del Mar, Calif., as well as its new one in downtown San
Diego that opens
officially Friday. The latest additions are led by partners Sam Alhadeff and
Keith Solar, who
handle business law, litigation and water law matters, among
others. Solar's practice revolves around water law
and in the tuna industry,
with clients such as Basin Water Inc., South Pacific Tuna Corp., Chicken of the
Sea
International and FCF Fishery Co. Alhadeff has a land-use and environmental
law practice with clients such as
Beazer Homes, Lennar Corp., D.R. Horton. Inc.,
Standard Pacific Homes, Pulte Homes Inc./Del Webb and
Meritage Homes Corp. The
acquisition comes after the April 3 departures of San Diego office managing
partner
Daniel T. Pascucci, who also led the firm's California litigation
practice, and intellectual property litigation
partner Andrew Skale for Boston's
Mintz Levin Cohn Ferris Glovsky & Popeo. Buchanan Ingersoll is based in
Pittsburgh. It has 80 lawyers in Philadelphia and 550 lawyers
firmwide.
Philadelphia Business Journal 5/31/07
NRG Energy, Inc. joins Chicago Climate Exchange
NRG Energy, Inc. (NYSE:NRG)
has joined the
Chicago Climate Exchange (CCX(R)), the world's first voluntary
and legally binding greenhouse gas emissions
reduction, registry and trading
program. NRG joins global companies such as Bayer Corporation, Ford, IBM
and Intel as a member. CCX is the world's
first and North America's only legally binding rules-based greenhouse
gas
emissions allowance trading system, as well as the world's only global system
for emissions trading based
on all six greenhouse gases
NRG
news release 5/30/07
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PSE&G to replace 1,300
vehicles with hybrids to help curb carbon emissions in New Jersey
Public
Service Electric and Gas Company (PSE&G)
today unveiled plans to reduce its carbon emissions by more than
81,000 tons by
replacing 1,300 vehicles with hybrids and making changes in other areas of its
corporate fleet.
During the next decade, the utility will invest in hybrid cars
and light trucks, hybrid bucket truck prototypes,
electric-drives and
alternative fuels in an effort to reduce global-warming emissions
PSEG 5/29/07
West Windsor mayor joins planning commission
Township Mayor Shing-Fu Hsueh,
a professional
planner and engineer, has been appointed to the State Planning
Commission, a division of the Office of
Smart Growth
Trenton Times
5/25/07
Housing slump takes toll
on builders Government data showing an
unexpected surge in new home sales weren't much comfort to luxury homebuilder
Toll Bros., which reported a 79 percent drop in second-quarter profits yesterday
Star-Ledger 5/25/07
Middlesex Water Company hosts annual meeting of
shareholders
News
release 5/24/07
Toll Brothers profit falls on housing downturn
Luxury home builder Toll Brothers (NYSE:TOL
-
news)
on Thursday reported sharply lower quarterly net income, hurt by a downturn in
the U.S. housing market.
Net income fell 79 percent, to $36.7 million, or 22 cents a share, in the second
quarter ended April 30 from
$174.9 million, or $1.06 a share, a year earlier.
The profit beat analysts' average expectation of 14 cents a
share, according to
Reuters Estimates. Earlier this month, Toll had said it no longer expected to
achieve the
quarterly and full-year forecasts it had provided in February. Its
net income outlook for the second quarter had
been 43 cents to 57 cents a share.
Reuters
5/24/07
Phillips Lytle attorney speaks on new environmental
regulation and brownfields
John A. Orlowski,
an attorney with
Phillips Lytle LLP, one of the region’s largest full service law firms,
recently gave a presentation
titled “New Environmental Law Affecting Lenders:
EPA’s All Appropriate Inquiry Standard.” This presentation
was part of a
continuing legal education program held in conjunction with the Banking Law
Committee of the Bar
Association of Erie County, New York. The Banking Law
Committee, chaired by Sharon Prise Azurin, a Phillips
Lytle attorney,
monitors developments and changes in both federal and state law governing the
activities of
financial institutions and serves as an educational forum for its
members. Mr. Orlowski also recently spoke on
“Brownfield Law and Regulations
in New York” at the Air and Waste Management Association’s 2007 Annual
Enrichment Training for Environmental Professionals conference. The event has
evolved into the foremost
conference of its kind in Western New York and
provides environmental professionals an opportunity to network
with key state
environmental professionals as well as professionals from other New York
businesses. All
conference proceeds go towards funding education and
environmental scholarships for future professionals.
At Phillips Lytle, Mr. Orlowski counsels clients on the impact of environmental
laws on real estate and business
transactions, property development and
brownfield redevelopment, environmental compliance and litigation.
He holds a
J.D. from University at Buffalo School of Law, a M.B.A. from University at
Buffalo School of
Management and a B.S. from State College of Environmental
Science and Forestry at Syracuse University.
In addition to the American, New
York and Erie County Bar Associations, Mr. Orlowski is also affiliated with
The
Business Council of New York State, Inc. and the National Brownfield
Association.
Phillips
Lytle is a
full-service law firm with seven offices across New York State in
Buffalo, Albany, Chautauqua, Garden City,
New York City and Rochester 5/23/07
William Levis to become
president of PSEG Power Levis to remain
as Chief Nuclear Officer as four
others receive new nuclear executive posts.
Public Service Enterprise Group (PSEG) announces the election
of William Levis as president and chief operating officer of PSEG Power, its
wholesale energy business, as
of June 20. He will succeed Frank Cassidy, who is retiring after eight years as
head of the subsidiary, which
includes PSEG Nuclear, PSEG Fossil and PSEG Energy
Resources & Trade
PSEG 5/23/07
PPL’s
utilities tops in class in national study of customer satisfaction
Utilities get highest marks in
combined gas, electric group.
For the seventh consecutive year, PPL Corporation’s
(NYSE: PPL) Pennsylvania-
based utilities ranked highest in customer satisfaction
among combined electric and gas utilities in the
American Customer Satisfaction
Index
PPL news release 5/21/07
Once-troubled Allegheny Energy makes the grade
After four years in the investment junkyard,
Allegheny
Energy Inc. has returned to investment grade. Credit rating firm
Standard & Poor's earlier this month upgraded
the company's rating from BB+, a
junk bond rating, to BBB-, the lowest investment grade level. The outlook is
stable. The road to investment grade wasn't easy for the Greensburg-based
company, which supplies electricity
to customers in Pennsylvania, Maryland, West
Virginia and Virginia
Pittsburgh Business Times 5/21/07
New Western Pennsylvania Conservancy head named
The
Western Pennsylvania Conservancy on
Friday named Thomas D. Saunders
president and CEO, nine months after Dennis McGrath abruptly stepped
down. Most
recently Saunders was community development director for the city of
Gainesville, Fla., for the
past 10 years. Last November, McGrath announced he was resigning due to family
circumstances. He had
joined WPC in April 2005 after more than 20 years with the
Nature Conservancy. Since its founding in 1932,
the Western Pennsylvania Conservancy has protected more than 212,000 acres of
natural lands in
Pennsylvania, restored watersheds and saved natural habitats
for a diversity of uses. It has been responsible
for the founding of six state parks, including Ohiopyle, Laurel Ridge,
McConnell's Mill, Moraine, Oil Creek
and Erie Bluffs. The WPC also preserves
Fallingwater, the home designed in 1935 by Frank Lloyd Wright
for Edgar J. Kaufmann in Mill Run, Pa.
Pittsburgh Business Times 5/14/07
PPL’s
Holtwood hydroelectric plant and fish lifts welcome the public
PPL Corporation’s Holtwood
hydroelectric plant and fish lifts will be open to the public for tours from
9-11:30 a.m. Saturday (5/19) during
the height of shad migration season. “PPL’s
Holtwood hydroelectric plant is an important energy source for
the region and
has provided clean, renewable energy for nearly 100 years,” said N. Christian Porse, senior
engineer in charge of the Holtwood plant. “We welcome the public
to come view how we operate the plant
and manage the surrounding lands to meet
high standards of environmental stewardship.” Visitors will get
an insider’s
view of the plant’s operations, watching as water from the Susquehanna River
spins t he plant’s
giant turbines to create electricity. The open house will
also include tours of Holtwood Dam’s fish lifts — the
largest operating fish
lifts in the United States. PPL built the lifts to move migrating American shad
over the
dam during their annual spring spawning migration. In operation since
1997, the lifts have moved hundreds
of thousands of shad as they swim upriver to
return to their natural spawning grounds. The migration usually
begins in April
and lasts until June, depending on river flows and water temperatures. The tours
are free and
open to the public. Group size is limited and registration is
required. For more information, registration or
directions, contact Karen Ament
at 717-284-4651 or ekament@hotmail.com.
PPL Corporation (NYSE: PPL)
headquartered in Allentown, PA., controls more than
11,000 megawatts of generating capacity in the United
States 5/14/07
James Johnston, P.E. Elected President of ASFE
PMK Group,
Inc. with offices
in Cranford, Farmingdale
& Marlton, NJ, is pleased to announce
that James Johnston, P.E., P.P., R.B.P. is the new President of
ASFE/The Best People on Earth, a not-for-profit association of "earth-
engineering" firms. Established in 1969,
ASFE (Associated Soil and
Foundation Engineers) develops programs, services, and materials its member
firms use to enhance the quality of their business practices and thereby
"prosper through professionalism."
Member firms provide professional
"earth-engineering" services; i.e., geotechnical, environmental and civil
engineering; infrastructure and infrastructure security design; geology,
biology, ecology, and archeology;
brownfields revitalization; construction and
program management; and construction materials engineering and
testing. All
member firms' technical activities are under the full-time control of an
individual who is legally and/
or ethically bound to hold paramount public health, safety, and welfare. ASFE
membership is also available to
individuals who are full-time faculty members,
consultants to ASFE member firms, and professionals whose
employing
organizations are ineligible for member-firm participation.
Inaugurated at ceremonies during
ASFE's
annual meeting in Hawaii, Johnston is the 37th individual to serve as
ASFE's President and Board of Directors
Chair.
Johnston chairs the
Board of Directors of PMK Group, a consulting and environmental engineering firm
headquartered in Cranford, NJ. He also serves as the PMK Executive Vice
President responsible for the firm's
strategic and client management functions.
Johnston joined PMK in 1986, soon after receiving Bachelor of
Science and Master
of Science degrees from Rutgers University. Since then he has designed and
managed
numerous projects involving the assessment and remediation of
contaminated sites, as well as brownfields
and landfill redevelopment. He often serves as an expert witness and frequently
consults with planning and
zoning boards throughout New Jersey. 5/14/07
Environmental attorney
inducted into NJBA Associates Hall of Fame
Andrew B. Robins, an
officer and shareholder at the law firm of Giordano Halleran & Ciesla,
was inducted into the New Jersey
Builders
Association’s (NJBA) Associate Hall of Fame at the NJBA Industry Awards
luncheon
held during the Atlantic Builder’s Convention in Atlantic City on April 19,
2007. The Associate Hall of Fame Award recognizes associate members for
their
sustained, dedicated quality service to the association and community.
Robins, a
member of the firm’s Environmental Law Practice Area, focuses on
resolving issues
relating to environmental issues including: regulatory
compliance, cost recovery
litigation and transaction negotiation and risk analysis. His background
includes
a
wide variety of environmental and brownfield redevelopment matters. Robins is
a
frequent lecturer and author of articles and treatise sections in his practice
area.
He received his law degree from Rutgers University School of Law, Newark, and
his bachelors degree from the University of Pennsylvania. 5/14/07
Company that pays store credits for recycling gets
funding
RecycleBank
says it has received
$13.M million in a first-round venture-capital financing from
RRE Ventures LLC and
Sigma Partners.
The
Philadelphia-based company plans to use
the money to expand the number of geographic areas in which
it offers its program, which rewards consumers for recycling by providing them
with RecycleBank dollars
they can use to receive discounts from participating retailers and product
manufacturers. RecycleBank
was founded with seed money from Columbia University's Eugene M. Lang Center for
Entrepreneurship
and since has financed itself through strategic partnerships.
Philadelphia Business Journal 5/9/07
Toll Brothers counsel Liu leaving for Xerox
Toll Brothers
senior vice president, general counsel
and corporate compliance officer Don Liu said Wednesday that he will be leaving
the company and the
Philadelphia area to take a similar position with
Xerox Corp. in Stamford, Conn.
Liu has spent the past
15 years as an in-house counsel of three different companies, serving as general
counsel of two of them.
He has spent the past two years with Horsham, PA., homebuilder Toll
(NYSE:TOL). In 1999, Liu became
the only Asian-American general counsel of a Fortune 500 company -- he is now
one of six -- when he
joined Ikon Office Solutions. Prior to Ikon, he was vice president and deputy
chief legal officer for Aetna
U.S. Healthcare.
Philadelphia Business Journal 5/9/07
SJI
earnings jump 63% under new measure
South Jersey
Industries’ income from continuing
operations fell 12 percent to $27.2M for the
first quarter, or 13 percent to 92 cents per share.
“Economic earnings,” however, increased 63 percent to $38.4M, and earnings per share were up
60 percent to $1.30
AC Press
5/9/07
Middlesex Water Company Announces First Quarter Results
Middlesex Water Company
(Nasdaq:MSEX), a provider of water and wastewater and related services in New
Jersey and Delaware,
today announced that operating revenues for the quarter
ended March 31, 2007 increased $0.8M, from
the same period in 2006.
News
release 5/9/07
Land Trust adds
trustees
The Hunterdon Land Trust Alliance board of trustees recently appointed
three new
trustees to provide strategic direction for the group's growing land
conservation efforts.
The new trustees are Rose Hanley of Bethlehem Township,
Jan Holms and Mark Titus, both of
Lambertville
Courier News 5/7/07
Hovnanian's loss wider than forecast
Hovnanian Enterprises said
today that its fiscal second-
quarter loss will be wider than previously forecast
after selling fewer homes amid still-tepid demand
in the housing market.
Hovnanian, which builds upscale houses in major markets like Florida, Arizona
and California, expects to report a net loss of 45 cents to 50 cents a share
Daily Record 5/4/07
PSEG announces first quarter 2007 results
Public Service Enterprise Group (PSEG) today
reported income from continuing operations for the first quarter of 2007 of
$335M or $1.32 per share
as compared to
$208M or $0.83 per share for the comparable period in 2006. Excluding
merger-related
costs of $5M or $0.02 per share, PSEG reported operating earnings
of $213M or $0.85 per share for
the 2006 first quarter. Losses on discontinued
operations of $6M or $0.02 per share reduced net
income for the first quarter of
2007 to $329M or $1.30 per share and lowered net income for the first
quarter of
2006 by $5M or $0.02 per share to $203M or $0.81 per share
PSEG 5/4/07
Sunoco doubles first quarter profit
Sunoco Inc.
said Wednesday its first-quarter net income
more than doubled largely because of
a $90M after-tax gain. The
Philadelphia oil refiner and gasoline
retailer earned $175M, or $1.44 per fully
diluted share, in the quarter, up from $79M, or 59 cents per
fully diluted
share, in
the same quarter a year earlier. Sunoco's $90M gain related to the prior
issuance
of limited partnership units
of
Sunoco Logistics Partners LP (NYSE:SXL) to the public. Sunoco
(NYSE:SUN)
owns 43 percent of the Philadelphia-based pipeline and terminal operator, which
it spun
off in 2002. Sunoco's revenue in the quarter was $9.3B, up from $8.6B.
Chairman and CEO John G.
Drosdick said Sunoco's results for the quarter were
hurt by a $520M project at its Philadelphia refinery
Philadelphia Business Journal 5/3/07
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Allegheny Energy finalizes contract for scrubber project at Fort Martin Power
Station
Allegheny
Energy, Inc. (NYSE:
AYE) today announced that it has
signed an agreement for engineering and construction
work related to the
installation of flue gas desulfurization equipment (scrubbers) at the coal-fired
Fort Martin
Power Station. The company said the scrubbers will reduce sulfur
dioxide emissions by about 95 percent
and significantly reduce mercury emissions
at the facility, located six miles north of Morgantown, W.Va.
Under
the agreement, The Babcock & Wilcox Company will provide the absorber vessel
equipment and
ancillary equipment for the scrubbers. The company said the Fort
Martin project is a continuation of its
overall environmental improvement
program, which includes commitments to invest approximately $1.4B
to reduce
emissions over the next few years 5/3/07
TerraCycle fires return salvo at Scotts Miracle-Gro
TerraCycle, the Trenton, NJ startup
plant
food company that is being sued by industry giant Scotts Miracle-Gro, is
not backing down. The 4-year-
old
company that prides itself on its environmentally friendly business practices
fired back at Scotts in
court
papers yesterday, alleging Scotts engages in questionable practices
Trenton Times 5/3/07
SWEP adds two new board members The
Society of Women Environmental Professionals (SWEP)
of Greater Philadelphia is pleased to announce the addition of two new members
to its Board of Directors.
SWEP welcomes Susan G. McDowell and Deborah L. Shuff. McDowell
is an Environmental Scientist/
Ecologist who has been with the United States Environmental Protection Agency
(EPA) for 17 years.
She has worked primarily in the Mid-Atlantic Regional Office designing and
conducting community-based
initiatives aimed at reducing environmental health
risks on a local level. Shuff is an
attorney who has been
practicing with Drinker Biddle & Reath LLP since 2002 in
the fields of environmental law and toxic torts.
She has handled a variety of federal, New Jersey, and Pennsylvania actions
involving environmental issues,
including groundwater contamination, soil
contamination, natural resource damages, and landfill issues.
Notably, she
successfully opposed class certification in an alleged contaminated drinking
water case in
which the contaminants of concern were TCE, PCE, and mercury, the proposed class
was approximately
80,000 individuals, and the requested remedy was medical
monitoring calculated at more than one billion
dollars. A non-profit
organization, SWEP of Greater Philadelphia was formed in 1995 as a resource for
women environmental professionals in the Philadelphia region. Morel information
about the organization
can be found at
www.swepweb.com. 5/3/07
PPL Susquehanna exec to retire George T.
Jones, vice president of Special Projects for PPL’s
Susquehanna nuclear power
plant, will retire June 1, completing a 32-year career in the nuclear
power industry.
PPL 5/3/07
Previous months:
Enviro-Business - April 2007
Enviro-Business - March 2007
Enviro-Business - February 2007
Enviro-Business - January 2007
Enviro-Business - October 2006
Enviro-Business - September 2006
Enviro-Business - February 2006
Enviro-Business - January 2006