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Electro Energy shuts down

Electro Energy Inc. abruptly announced last week it had suspended all operations, having been unable to raise sufficient capital to carry on its business developing lithium ion batteries.

Rate fireworks for Aquarion

Connecticut’s attorney general said he would fight a 2.4 percent increase in water rates approved for Monroe-based Aquarion Water Co., which the company had requested to maintain infrastructure.

What goes up …

In a summer of high gas prices and inflation, good news can seem disorienting, but there is some good news for ratepayers in Westchester, Orange and Rockland and the mid-Hudson Valley as the commodity price for electricity has dropped enough to show a measurable difference in customer’s bills for September.

Energy costs weigh on options

Oil is starting to trickle down through the gears of business, potentially gumming up the works.

Central Hudson seeks rate hike

Central Hudson Gas and Electric is filing another rate increase request two years after it received the OK to raise its rates to homes and businesses in an eight-county area.

Program promotes solar energy

The Connecticut Clean Energy Fund reportedly is launching a lease program that will allow middle-income homeowners to install solar panels with no down payment and monthly installments of $120.

GE to spin off lighting arm

General Electric Co. continued its staccato restructuring, as the Fairfield-based conglomerate announced plans to spin off its consumer and industrial divisions, having announced in May plans to sell off the division’s GE Appliances business.

Power to the people

New York’s regional utilities would be allowed once again both to produce and to transmit electricity under a state Assembly bill that seeks not the regulated monopolies of the past, but a broader-based energy  system using diverse sources.

Crane sells tech-systems unit

Crane Co. has reportedly sold off a joint venture in Illinois that sells robotic tooling and industrial automation systems, recording $33 million in proceeds after taxes.

 

Shivery, Bergami elected to lead CBIA board

The Connecticut Business & Industry Association has elected Charles W. Shivery, president and CEO of Northeast Utilities in Hartford, as the chairman of its board of directors and Samuel S. Bergami Jr., president and CEO of Alinabal Holdings Corp. in Milford, as vice chairman.

Gas compressor station gets go ahead

A gas transmission company won a court ruling last week allowing it to begin preliminary work for a $42 million compressor station in Brookfield, but a federal judge won’t rule until February on whether to allow the rest of the project to proceed.