The United Illuminating (UI) Company has a long and storied history as a regional electric transmission and distribution organization. It is one of the operating companies of the UIL Holdings Corporation along with The Southern Connecticut Gas Company, Connecticut Natural Gas Corporation and The Berkshire Gas Company.
Established in 1899 as a result of the merger of the New Haven Electric Company and the Bridgeport Electric Light Company, UI has approximately 317,000 residential, commercial and industrial customers. UI is focused on transmission and distribution assets. There are approximately 800 employees at UI with around 1,850 employees as part of the UIL Holdings family.
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Ronald Lane Inc.’s business value system is the same as its family value system. They believe in honesty, respect and doing the job right. RLI began in 1979. Today, President Ronald Lane manages his pipeline company with the help of more than a dozen family members. This family management team has more than 200 years combined experience in the pipeline industry. They know what is needed to get a job done, and they have the experience to back it up.
Lane thinks maintaining efficiency will keep the business healthy for the next generation of family members. “Efficiency is the key,” he insists. “In 36 years, we’ve learned how we need to approach these jobs. We pick our times to do the worst part of that job and watch weather conditions. There’s a lot of factors in how you go about a job. We see a lot of our competition making what we think are big mistakes.
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Ontario’s Red Lake district has been recognized as one of the richest gold-producing areas of North America for many years, but that doesn’t mean just anyone can move in and strike it rich. The geology of the area requires a lot of skill and expertise in order to capitalize on the rich mineral resources found in the ground, and it takes a very special combination of experience and knowledge to make the most of the opportunities the Red Lake district presents.
Fortunately for junior exploration and development company Pure Gold Mining Inc., experience and knowledge are two things the company has in abundance. As President and CEO Darin Labrenz explains, the company was founded with a strong base of know-how specifically grounded in the Red Lake district. “One of our greatest strengths here is the depth of our senior leadership,” Labrenz says.
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Puma Energy has greatly expanded its operations in Puerto Rico since it arrived on the island in 2008. The company has evolved from a wholesale provider to independent service stations to become one of the island’s largest oil retail and storage providers.
“We’ve come a long way in a short period of time,” General Manager Victor Dominguez says of the company’s diversification and growth, which began in 2010, when it purchased and rebranded six of the independent – or “white flag” – service stations it supplied. The company the following year finalized the acquisition of the assets of Caribbean Petroleum Corporation (CAPECO), which had entered bankruptcy following the 2009 explosion of its oil refinery in Puerto Rico. CAPECO’s assets included 147 service stations and a terminal in Bayamon, Puerto Rico, which Puma Energy environmentally remediated and improved as the result of voluntary agreements it had made with the U.S. EPA and Puerto Rico’s Environmental Quality Board.
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Although it was founded to serve the liquefied natural gas (LNG) sector only five years ago, NextDecade’s leadership boasts a combined 200 years of direct experience in LNG and natural gas projects. This brings a lot of heft to the company’s work.
“We’ve been there, done that,” founder and CEO Kathleen Eisbrenner says. “We know what works and what doesn’t. We believe that attracts customers to us. And at the end of the day, that is what’s most important.”
A relatively new company, NextDecade works closely with its customers to provide tailored opportunities that meet their unique needs. Currently, it offers services such as short- and long-term access to LNG cargoes, flexibility in the purchase of cargoes and assists in the development of infrastructure to accept NextDecade’s cargoes throughout the world.
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The winning combination of hard work and good people has been key to the growth of Mountain V Oil & Gas Inc., President S. Michael Shaver says. “We all get up early, stay late and everybody looks for opportunities,” he says.
Based in Bridgeport, W.V., Mountain V acquires and develops oil and gas reserves. Shaver and his father, Steve Shaver, founded the company in 1994 after many years in the industry.
“Our intent of going into business was to acquire mature oil and gas assets,” the younger Shaver recalls. “We were fortunate enough to acquire wells close to home, in West Virginia and Pennsylvania.”
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Headquartered in Dallas, Fleur de Lis (FDL) Energy is a private energy firm focused on acquiring, operating and exploiting oil and gas assets in North America. Through a partnership established in early 2014 with Kohlberg Kravis Roberts (KKR) & Co., FDL has deployed in excess of $1 billion to build a diverse portfolio of oil and gas properties.
Founded in early 2014 by Porter Trimble, FDL takes a disciplined acquisition approach by using engineering, geological and geophysical data to realize an asset’s complete value, ultimately generating attractive, risk-adjusted returns and stable cash distributions to its investors. So far, the company has built a portfolio with assets located in Mississippi, West Texas and Wyoming, employing 150 people and producing around 20,000 BOE’s per day of oil and gas.
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Although it is a new company, Entegra Energy Solutions is built on a foundation of experience. Founding the company in July, its leaders had already carved out strong track records in the energy industry and brought together their expertise in the new company.
Leading the way for the company are CEO Ralph Sutton and President Aaron Horne. Sutton is the former owner of United Coals, which operated for more than 30 years in the energy sector with its focus on the coal industry. United Coals received national recognition within the energy sector for its various safety and reclamation efforts over its years of operation.
As for Horne, he is a former drilling and completions manager for a large oil and gas operator in the Marcellus and Utica shale basin. Horne holds a degree in occupational safety and environmental engineering.
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