Universal Bioenergy's NDR Energy Group

New Post Public Reply Private Reply Replies (0) Message Board
junewong

Universal Bioenergy's NDR Energy Group Announces Approval of FERC License in Major Move to Market Electric Power - Projects Sal

Date : 02/12/2013 @ 3:06PM
Source : GlobeNewswire Inc.
Stock : Universal Bioenergy, Inc. (QB) (UBRG)
Quote : 0.0045  0.001 (28.57%) @ 5:09PM

Universal Bioenergy's NDR Energy Group Announces Approval of FERC License in Major Move to Market Electric Power - Projects Sal

Universal Bioenergy, Inc. (QB) (USOTC:UBRG)
Intraday Stock Chart

Today : Wednesday 13 February 2013

Click Here for more Universal Bioenergy, Inc. (QB) Charts.

Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, in its plans for growth and expansion, announced that its subsidiary NDR Energy Group, received final approval for its "Power Marketing License" from the Federal Energy Regulatory Commission (FERC) in a move that positions the Company to engage in the buying and selling of  wholesale and retail electricity. The sales of electricity are projected to generate an estimated $96 million to $384 million in additional revenue for the Company.

NDR Energy Group intends to market and distribute bulk wholesale and retail electric power to its current electric utility customer base, and its expanding customer base which will include federal and state agencies, the U.S. military, cities, municipalities and large commercial and industrial companies. NDR Energy will be able to offer integrated energy solutions that will assist its growing customer base to buy, manage and use electricity and natural gas.

The Federal Energy Regulatory Commission, or FERC, is an independent agency that regulates the interstate transmission of electricity, natural gas, and oil. The Energy Policy Act of 2005 gave FERC additional responsibilities as outlined in FERC's Top Initiatives and updated Strategic Plan. As part of that responsibility, FERC also regulates the transmission and wholesale sales of electricity in interstate commerce.

Ken Harris, NDR Energy Group's President, stated: "As the CEO of NDR Energy Group, I am pleased to announce that, today, NDR was approved for its FERC license by the Federal Energy Regulatory Commission. The Commission today issued an Order finding that NDR meets the criteria as a Category1 power/electricity seller and designated NDR as a power/electricity seller in the United States. This is an absolutely huge development as it presents a fantastic new vertical for our company. In light of our existing contract with a power supplier and our current relationships with utilities and end-users, this is clearly a benchmark day for our company. We look forward to the significant growth of our power/electricity division and meeting the vigorous compliance requirements of the Federal Energy Regulatory Commission for years to come."

Vince M. Guest, Universal's President, states, "This is truly a historic moment in our Company's history. This is a game changer for the Company, as we formally launch our new commercial-industrial electric power division. This expansion of our business into electric power sales should generate greater revenues, improved margins and profits, and position us to create one of the largest independent diversified energy companies in the U.S."

About Universal Bioenergy Inc.

Founded in 2004, Universal Bioenergy Inc., is a publicly traded independent diversified energy company that produces and markets natural gas, petroleum, coal and propane. We market energy resources to the largest public utilities, electric power producers and local gas distribution companies in the U.S., that serve millions of commercial, industrial and residential customers. We are also engaged in the acquisition and development of existing or recently discovered oil and gas fields, leases and surface coal mines. For more information visit www.universalbioenergy.com

The Universal Bioenergy Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6784

Safe Harbor Statement - There are matters discussed in this media information that are forward looking statements within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. Such statements are only forecasts and actual events or results may differ materially from those discussed. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to Universal Bioenergy Inc.'s most recent annual report and accounts and other SEC filings. The company undertakes no obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.

 CONTACT: Media Relations:
         Solomon Ali
         704-837-5705 

company logo

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Health In Tech's Rocky Q3: Navigating Losses and Opportunities

Updated Category News Views 55

Signs of Optimism Amidst Financial Struggles Health In Tech is wading through the choppy waters of its Q3 2026 financial results—revenue came in at $6.6 million, down from $8.5 million the previous year. Seems like their investments are all geared up, but the sails aren’t quite catching wind yet. That said, their contracted revenue strutted to $32.7 million for the...

Continue Reading
Funding Fuels LCH2's Vision for Clean Energy Campus

Updated Category News Views 88

Money Talks: LCH2 Scores Big Again Just when you think it's all talk, they pony up another million bucks. The Lewis County Hydrogen Alliance, otherwise known as LCH2, didn't stop with a decent $400k earmark. Nope, they just went ahead and snagged an additional $1 million from TransAlta Centralia. This ain't chump change—it brings their total grant pile to a solid $1.4...

Continue Reading
Veterans Guardian Earns 2026 Gold HIRE Vets Medallion

Updated Category News Views 86

Veterans Guardian Celebrates Another Milestone Alright, folks, let me hit you with a piece of news that didn't just skim across the ticker like another stock price—this one's truly for the soul. Veterans Guardian VA Claim Consulting out of Pinehurst, North Carolina, snagged the 2026 Gold HIRE Vets Medallion Award from the U.S. Department of Labor. It's a nod that goes...

Continue Reading
Major Richard Star Act: A Long Overdue Milestone

Updated Category News Views 142

Hard-Won Gains for Our Combat Veterans Washington took a significant stride today—one that feels long overdue as the House of Representatives passed the Major Richard Star Act. This isn't just some routine legislative shuffle; this is the gritty, life-impacting work that cuts to the core of what it means to support those who defended our country. We're talking about...

Continue Reading
Global Case Studies in Poverty Reduction Spotlighted

Updated Category News Views 41

A Fresh Spotlight on Poverty Reduction Efforts Amid the clamor of social and economic challenges, 126 stellar case studies of poverty reduction just took center stage at a seminar in Beijing. These admired initiatives emerged from the seventh global solicitation, chosen from a pile of 890 entries submitted by do-gooders and organizations spanning 31 countries. If you've...

Continue Reading
Olympus Gains U.S. Reimbursement for GI Procedure

Updated Category News Views 64

Olympus Secures Reimbursement for Vital GI Procedure When it comes to navigating the health sector, you learn to spot the plays that set the stage for long-term change. Olympus Corporation just announced something worth your attention if you're eyeing the med-tech world. The Centers for Medicare & Medicaid Services (CMS) have greenlit reimbursement rates for the...

Continue Reading
DeFi Tech Q3 2026: Navigating Cash Strong Waters

Updated Category News Views 18

DeFi Technologies: Holding Steady as Markets Sway DeFi Technologies Inc. has just thrown its quarterly earnings into the ring. With $18.3 million in revenue and a net income of $22.3 million, this digital asset dynamo is showing signs of resilience, even as the financial seas continue their wild dance. For those of us watching the NASDAQ:DEFT like hawks, these figures...

Continue Reading
Navigating Idaho's Massage Therapy School Pathways

Updated Category News Views 98

Cracking the Idaho Massage School Code Idaho folks diving into massage therapy education need a playbook—timing, training, and all the bumps along the way. This journey's not just book reading and back rubs; it’s a structured affair with rigid hours and some bureaucratic hurdling. Thank goodness for Kylee Evans, who’s spilling the beans on what goes down in Idaho...

Continue Reading
MJ Cultivate: A New Stage for Cannabis Pioneers

Updated Category News Views 35

Spotlight on Cannabis Innovators Look, anyone with skin in the game knows the cannabis industry is more than just shimmering stores and glossy products. It's got deep roots, and those roots grow from the hands of folks tirelessly working the soil, engineering extracts, and perfecting every last breath of a bud. That's who Jage Media's latest brainchild, MJ Cultivate,...

Continue Reading
Coastal Financial Faces $470M Wipeout: Investor Alert

Updated Category News Views 69

Revelations Hit Coastal Financial Hard Alright, pull up a chair and let’s chew over what just happened with Coastal Financial Corporation (NASDAQ: CCB). This is the sort of deal that makes seasoned investors shake their heads in disbelief. Between October 28, 2024, and July 29, 2026, anyone buying into Coastal was buying into a mess they didn’t sign up for. We're...

Continue Reading

Top 5 Most Recently Viewed Articles

Tyler Cook Assumes Leadership as CFO of Georgia Power

Updated Category News Views 354

Tyler Cook Takes on New Role at Georgia Power Georgia Power's Board of Directors has made a significant move in boosting its leadership team by appointing Tyler Cook as the new senior vice president, chief financial officer (CFO), and treasurer. This strategic decision comes as Cook prepares to start her new role, which will involve overseeing the company's accounting and...

Continue Reading
Transforming Banking with AI: MongoDB and Lombard Odier Lead the Way

Updated Category News Views 500

Transforming Banking with AI: MongoDB and Lombard Odier Lead the Way Leading Swiss bank uses MongoDB to accelerate generative AI innovation and deliver enhanced services to clients. MongoDB, Inc. (NASDAQ: MDB) recently announced an exciting partnership with Lombard Odier, a historic Swiss private bank with a rich legacy dating back to 1796. This collaboration aims to...

Continue Reading
TCL's Energy Vision Unveiled at IFA 2026

Updated Category News Views 30

TCL's Forward-Thinking Approach at IFA 2026 IFA 2026 in Berlin got a jolt when TCL Industries and TCL Technology rolled out their ambitious plans under the banner "Inspiration Habitat." By blending cutting-edge smart devices with clean energy advancements, TCL is frantically waving red flags for anyone with an eye on future living trends. The Heartbeat of Inspiration...

Continue Reading
Yiwugo Leads the Jewelry Charge with Exquisite Designs

Updated Category News Views 173

Yiwugo: Transforming the Global Jewelry Market Yiwugo.com, the official platform for the Yiwu Commodity Market, is a leading name in the wholesale market, especially in the accessories sector. This year, there has been a significant surge in demand for silver jewelry and pearl accessories, as indicated by Yiwugo's data analytics. The platform has identified trend-setting...

Continue Reading
SEALSQ Partners with Seoul for a Quantum-Ready Future

Updated Category News Views 290

SEALSQ and Seoul Metropolitan Government Forge Strategic Partnership SEALSQ Corp (NASDAQ: LAES), a leader in semiconductor technology and post-quantum innovations, has taken a bold step toward a safer technological future. Recently, the company signed a significant Memorandum of Understanding (MoU) with the Seoul Metropolitan Government, represented by Mayor Oh Se-hoon....

Continue Reading