Boston, MA 03/25/2014 (wallstreetpr) – Entergy Corporation (NYSE:ETR) has recently received an Emergency Recovery Award and Emergency Assistance Award from the Edison Electric Institute. The award recognizes the company’s exceptional efforts put in towards power restoration post a widespread winter storm and tomadoes back in December 2012. Also, the company had offered tremendous help to Alabama Power after storms hit it in March 2013. The year will mark as the 16th successive year for Entergy in which the company has received a national storm restoration award from EEI. Uptill now, Entergy Corporation (NYSE:ETR) has received a total of 21 awards in the last 16 years, which in itself is a record-breaking milestone for the company.
As per the analyst at TheStreet, Oiltanking Partners LP (NYSE:OILT) is poised to grow over a long term on account of multiple factors working in its favor. Firstly, the business environment is extremely favorable for the company. As per the statement issued from the Energy Information Administration, the current levels of crude oil productions should be sustainable in the present macroeconomic environment till the year 2040. This translates into an ample opportunity for the company in the long run. Secondly, the strong demand of LPG exports is another factor into play. The company’s advantage point in its location of LPG export terminal can fetch higher benefits for the company. Oiltanking Partners LP (NYSE:OILT)’s assets in the Gulf Coast region that has deep water access coupled with a large network of distribution should contribute immensely in its growth in a longer term.
NRG Energy Inc (NYSE:NRG) along with Ventech Engineers International LLC, Waste Management, Inc. (WM) and Velocys plc (VLS.L) have formed a joint venture, which was officially announced on Monday. The objective of the newly-formed joint venture is to produce renewable chemicals and fuels through the use of “smaller-scale gas-to-liquids” opportunities. The collective combination of these companies is aimed at bringing together the right assets, right parties and the right abilities to explore new opportunities in extraction of value from the biogas.
