Archive for March 15th, 2010

NEMA Offers Support to Building STAR Legislation

The National Electrical Manufacturers Association (NEMA), Rosslyn, Va., has joined a coalition of 80 contractor groups, unions, manufacturers, businesses, financial services companies and energy-efficiency advocates to advance the adoption of Building STAR, a legislative proposal to retrofit America’s commercial and apartment building infrastructure with more energy-efficient technologies.
The other companies and associations with electrical interests that support Building STAR include Eaton Corp., Cleveland; Siemens Corp., New York; HD Supply, Atlanta; National Electrical Contractors Association (NECA), Bethesda, Md.; and the National Association of Energy Service Companies (NAESCO), Washington, D.C. Details

Introduced March 4 as S. 3079, Building STAR Energy Efficiency Rebate Act of 2010, the bill is a package of rebates and financing incentives for building owners to upgrade their property’s energy efficiency, including interior and exterior lighting, energy management, HVAC, motors, and drives. It is estimated that the prospective $6 billion in funding for the Building STAR program would spur $18 to $24 billion in total program spending, creating up to 200,000 jobs, particularly for the hard-hit construction industry, as well as manufacturing and other industries.
“Building STAR will provide significant rebates to focus on commercial sectors hurt most by the current economic downturn,” said NEMA President and CEO Evan R. Gaddis. “By making our buildings more energy efficient, we reduce energy waste and operating costs as well as create good jobs, particularly among small businesses that would perform the vast majority of work.”

Tycoon Turner Sees $$$ in Solar

Ted Turner is never afraid to go all-in on big bets, whether it be raising bison, launching CNN or owning the Atlanta Braves baseball team. According to a recent report in the Atlanta Business Journal,his latest venture is joint project with the Southern Co. electric utility to build a 30MW solar plant that will supply power to 9,000 homes in New Mexico. Expected to be complete by year-end, the project will use 500,000 First Solar 2×4 thin-film PV panels. Atlanta Business Journal

HWC Sees Sales and Profits Suffer in 2009 but Enjoys Increases in Target Markets

Declines in demand and the drop in copper pricing during 2009 pushed Houston Wire & Cable’s 2009 sales and profits sharply lower last year. The Houston-based wire specialists had a 2009 sales decline of 29.4 percent to $254.8 million and a 38.2 percent-decrease in gross profit to $53 million. However, the company did enjoy an increase in sales within its five internal growth initiatives –utility power generation, environmental compliance, engineering and construction, industrials, and its LifeGuard product line and other private branded products. Details