United Energy Trading (UET) is proud to announce the formation of UET Global, LLC. Headquartered in Lakewood, Colorado. This group will be focused on international opportunities for crude oil and refined products. The first aframax shipment of crude oil headed to Belarus departed US waters this week.
To our valued customers,
There is no higher priority to the United Energy Trading Family than the safety and well-being of our customers and employees. With that in mind, we understand the importance of limiting any exposure to the COVID-19 virus.
The Coronavirus (COVID-19) pandemic is causing confusion and uncertainty across the globe. Businesses are attempting to deal with the outbreak by following World Health Organization(WHO) guidance on how to protect workers while continuing to operate normally and service customers.
At United Energy Trading, we have imposed a work-from-home policy to limit the potential spread of infection. While we implement our business continuity processes, I want to assure you that we are operating as normal. You will continue to receive the exemplary levels of service that you come to expect from UET, and we will be leveraging all the technologies at our disposal to engage and support you.
We are always available via email and cell phone
of your critical contact representative.
We will be using video chat and texting capabilities to manage any of your comments or concerns about our delivery of energy services.
We will be monitoring the
situation regularly and updating uetllc.com
with any new information.
It is important that we continue to protect and take care of our customers and employees through these challenging times we are facing today. United Energy Trading is committed to providing safety while delivering reliable energy to our UET Customer Family.
Please let us know if there is anything we can do to assist you during this time. We appreciate your business and look forward to continuing to serve your energy needs.
Our commitment to you during
this situation remains as strong as ever. Thank you for your business and stay
DOVER, Del., Oct. 9, 2019 /PRNewswire/ — Chesapeake Utilities Corporation (Chesapeake Utilities) (NYSE: CPK) today announced that it is exiting the natural gas marketing business through the sale of the majority of the assets of Peninsula Energy Services Company, Inc. (PESCO), the Company’s natural gas marketing subsidiary. To date, the Company has executed three separate transactions to sell PESCO’s assets and contracts:
- PESCO’s Florida retail operations will be sold to Gas South LLC.
- PESCO’s other non-Florida retail operations and contracts were sold to United Energy Trading, LLC (UET).
- PESCO’s Mid-Atlantic wholesale contracts and Chesapeake Utilities’ Delaware division, Maryland division and Sandpiper Energy Asset Management agreements were sold to NJR Energy Services Company (NJRES).
The Company expects to recognize a gain from the sale of the assets in 2019 upon the closing of the transactions. More information will be provided in the Company’s third quarter earnings press release and Form 10-Q report as well as subsequent filings.
“After performing a strategic review of the PESCO business unit, we determined that our efforts should be focused on the strategies that support our core energy delivery businesses. The level of investment in infrastructure required to achieve the scale needed for future growth meant that PESCO would not achieve the target returns we expect,” noted Jeff Householder, President and CEO of Chesapeake Utilities Corporation. “As a result, we made the decision to exit this business, and have done so in a way that reduces future volatility in our earnings, recovers our investment and improves our earnings outlook going forward.”
“Commitment to quality service, access to supply, and service offerings were the driving factors for the selected counterparties. We are working closely with Gas South, UET, and NJRES to ensure each transaction is executed in an efficient manner with minimal impact to the respective customers,” added Bill Hancock, Assistant Vice President of PESCO. “We have one remaining small book of business, our Producer Services portfolio, which we are targeting to sell by the end of the year.”
About Chesapeake Utilities Corporation
Chesapeake Utilities Corporation is a diversified energy company engaged in natural gas distribution and transmission; electricity generation and distribution; propane gas distribution; and other businesses. Information about Chesapeake Utilities Corporation’s businesses is available at www.chpk.com, through the Company’s Investor Relations App and on the Annual Report Microsite at cpkannualreport.com.
About Gas South LLC
Gas South is a leading provider of natural gas in competitive markets throughout the southeastern U.S., serving more than 300,000 residential, business and governmental customers in Georgia, Florida, North Carolina and South Carolina. Gas South is a wholly-owned subsidiary of Cobb EMC, one of the country’s largest electric cooperatives.
About United Energy Trading, LLC
United Energy Trading, LLC is a fully integrated energy marketing and logistics organization with operations throughout the continental United States and Canada. UET purchases, transports, and/or sells approximately 2 billion cubic feet/day of natural gas on over 80 pipelines, approximately 400,000 barrels/day of crude oil on over 20 pipelines and over 2.5 million gallons per day throughout North America.
About NJR Energy Services Company
NJR Energy Services, a subsidiary of New Jersey Resources (NYSE: NJR), manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
Please note that Chesapeake Utilities Corporation is not affiliated with Chesapeake Energy, an oil and natural gas exploration company headquartered in Oklahoma City, Oklahoma.
For more information, contact:
Beth W. Cooper
Executive Vice President & Chief Financial Officer
Coming together to protect Colorado, United Energy Trading stands with the Oil & Gas Industry and says NO on Proposition 112 – Don’t set Colorado back!
United Energy Trading (UET) is proud to announce the establishment of a satellite office in The Permian Basin. Headquartered in Midland Texas, the office will be home to both UET and its affiliate UET Midstream, establishing complementary skill sets of marketing and asset development in this fast growing Basin. The scale of recent E&P operations in the Midland, Central and Delaware Basins has provided the area with better access to funding than ever before, allowing current production to overwhelm existing infrastructure. UET and UET Midstream together possess the experience to secure reliable off-take, achieve optimal markets, and provide gathering, storage, trucking services (including constructing truck stations), and both short and long term take-away solutions to benefit producers. Our primary focus in the Permian Basin will be the same as what has led to our success in other areas of North America: an unwavering commitment to providing value, honesty, open communication, and reliability for our customers. Invite UET Midstream to be on your list of providers so we can add valuable insights as your diligent partner in your critical decision making process.
Kratos Gas and Power is proud to announce our expansion into the Georgia natural gas retail market. On September 4, 2012, the Georgia Public Service Commission approved Kratos’ application for a Natural Gas Marketer Certificate of Authority. Kratos is excited to provide Georgia commercial and residential customers the quality service and savings that has made it an industry leader. Kratos’ expansion into Georgia will compliment United Energy Trading’s national presence in retail natural gas business. United Energy Trading has had some of the lowest natural gas prices of any third party energy provider for years. Operating as Blue Spruce Energy Services, United Energy Trading has consistently saved California customers more than 5% on their utility bills verses service provided by the utility. In Ohio, Kratos has consistently ranked as one of the top five third- party energy providers in terms of cost-savings to customers. Our proven track records in Ohio and California point to a bright future for Georgia. We look forward to serving you!
In our ongoing efforts to diversify and strengthen our overall business position, United has recently founded UET Midstream LLC to develop, acquire, own, and operate midstream energy assets.
United Energy Trading employees raised over $39,000 for the Leukemia and Lymphoma Society’s 2015 “Light the Night” walk in Denver, CO. The funds raised from the walk go directly towards treatments that are saving the lives of patients today. LLS is making cures happen by providing patient support services, advocacy for lifesaving treatments and the most promising cancer research anywhere.
The Leukemia & Lymphoma Society (LLS) is the largest voluntary health organization dedicated to funding research, finding cures and ensuring access to treatments for blood cancer patients. UET has been involved in the “Night the Light” walk since 2005, and was the 4th largest fundraiser of all participants in 2015.
Blue Spruce Energy Services is pleased to announce its participation in the Green-e Climate Program. As part of the “BLUE SPRUCE Green Gas” product, Blue Spruce is able to offer Green-e certified carbon offsets. These offsets reduce the environmental impact of a customer’s natural gas use by ensuring the greenhouse gas emissions associated with the combustion of natural gas at the point of consumption are carbon neutral.
Green-e Climate is an independent certification program for greenhouse gas emissions reductions (carbon offsets) sold in the voluntary market. This program identifies carbon offsets that meet the program’s high environmental and consumer protection standards. For more information on Green-e Climate certification requirements, visit www.green-e.org/climate
The Blue Spruce Energy team is dedicated to offering its customers a vast array of products to meet their energy needs. Whether it is costs savings or the environmentally conscience choice, we are here for you. We are making a difference in a changing world, one customer at a time.
About Blue Spruce Energy Services
Blue Spruce Energy serves California retail natural gas customers under the umbrella of United Energy Trading (UET), LLC, a fully integrated energy services company with offices and operations across North America. Blue Spruce Energy also offers its customers an opportunity to reduce their carbon footprint by purchasing Blue Spruce Green natural gas or by purchasing Green-e Energy certified Renewable Energy Certificates. A tree is planted in California for every new Blue Spruce Green natural gas customer. Blue Spruce is dedicated to offering money-saving and reliable natural gas to our customers across California.
Contact: Mike Huggins , Managing Director, Blue Spruce Energy Services, 303-991-0983
Businesses, City Governments and Schools See Significant Savings
(DENVER – March 7, 2017) As a direct result of deregulation of the energy industry, Colorado commercial and industrial organizations are benefiting from lower natural gas costs. An increasing number of Front Range organizations are taking advantage of greater choice and competition to realize energy savings of as much as 15%. Local gas provider United Energy Trading, LLC (UET) has nearly tripled the amount of natural gas distributed to Colorado businesses over the last three years and expects even greater growth in the next three years.
“Because we’re locally based, we’re in a perfect position to provide the most appropriate products with the highest level of professional service to all our Colorado customers,” said Tom Williams, United Energy Trading, LLC President. “At our Lakewood headquarters, we’ve assembled a top-notch team with years of experience and a strong commitment to helping their clients achieve the greatest cost savings.”
Over the last 12 months, UET began providing natural gas to many local organizations including:
- Denver Public Schools
- City of Loveland
- Aurora Public Schools
- Littleton Public Schools
Denver Public Schools, with nearly 100,000 students and staff, began receiving natural gas from United Energy Trading in January. UET will provide for energy requirements at both schools and administrative facilities.
“It’s important for us to save money wherever we can and if we can cut our heating costs significantly, that’s a benefit for both our school community and taxpayers” said Jim Faes, Director of Sustainability, Denver Public Schools.”
In Fort Collins, the city will use natural gas from UET to heat administrative buildings and also to fuel the city’s fleet of natural gas-powered buses.
When the Colorado energy industry was deregulated in 1999, the stage was set for 3rd party natural gas providers to compete with traditional utility companies.
UET began operations in 2002 and, with extensive experience in the wholesale market, began providing natural gas directly to commercial and industrial customers in Colorado in 2014. Although it has retail operations in over 10 states, UET is seeing rapid growth among its gas customers along the Colorado Front Range.
Former worldwide president of RE/MAX, LLC, Vinnie Tracey, directs retail marketing efforts for UET. “It’s easy to understand why organizations big and small are looking to reduce utility expenses and it’s rewarding for me to use my past management experiences to deliver personalized customer service and real cost savings.”
Natural gas distributed by 3rd party providers is delivered through existing pipelines. UET account managers use their considerable trading and price management expertise to purchase large quantities of natural gas at various markets across the country, then pass the savings on to their clients. They also provide expert guidance to their clients on how best to meet their particular energy requirements.
In an improving economy, UET sees continued growth as more Front Range groups realize the potential savings from purchasing natural gas in an open and competitive market.
About United Energy Trading, LLC
Founded in 2002, United Energy Trading (UET) is a fully integrated energy marketing and logistics organization with operations throughout the continental United States and Canada. With 15-years of experience in the wholesale energy market, UET is now also a retail natural gas provider. In a few short years, UET has become the 3rd largest privately held natural gas supplier in the United States and is among the Top 20 overall. Each day, UET delivers an average 2 billion cubic feet of natural gas, enough to heat eight million homes for a year. Commercial and industrial clients average 15% savings on natural gas provided by UET. With its corporate headquarters in Denver, Colorado, UET is proud to provide an unparalleled level of customer service. For more information please visit www.unitedenergytrading.com
Vice President, North America Commercial Accounts
United Energy Trading, LLC