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

JiMMYBAR! Expands Creatine Market with Target Launch

Updated Category News Views 15

JiMMYBAR! Breaks New Ground in Supplements You ever notice how some companies just know how to shake things up? Take JiMMYBAR!, for instance. The moment I read they’re making moves to get their Creatine + Protein bars into Target stores nationwide, starting October 4, I thought, “That’s one way to drag creatine out from the dusty tub and onto the shelves of...

Continue Reading
Bob Evans' Protein Mac & Cheese: Practical Power Play

Updated Category News Views 19

Has anyone else noticed just how fast the world spins when it comes to consumer trends these days? Bob Evans is hopping right on the protein bandwagon with its latest launch, a microwave-ready Protein Macaroni & Cheese that packs 18 grams of protein per serving. You gotta hand it to them for seizing opportunity when they see it. This one's not just about tossing a new...

Continue Reading
TA Services Strengthens U.S.-Mexico Freight Operations

Updated Category News Views 12

TA Services Moves Boldly Across Borders If ever there was a time to play the logistics chessboard like a champ, it's now, and TA Services just slammed the board with a solid move. They've grabbed Carmen Pacheco Transportation and Interload Forwarding, two family-run operations with some real muscle in North American logistics. This isn't a small-time maneuver; they've...

Continue Reading
Dentistry.One Achieves HITRUST i1, Boosts Cybertrust

Updated Category News Views 7

HITRUST i1 Certification: The Gold Standard in Security For a world increasingly reliant on digital infrastructure, cybersecurity certification is no longer just a badge of honor; it's a cornerstone of trust. Dentistry.One nailed this down by bagging that coveted HITRUST i1 certification. When folks talk about securing data, HITRUST might as well be speaking gospel. We're...

Continue Reading
ROKFORM’s Signal Card: A Wallet Tracker for All

Updated Category News Views 10

The Gadget You Didn't Know You Needed Ever feel that momentary panic when your wallet seems to have vanished into thin air? ROKFORM's fresh offering, the Signal Card, tackles that heart-stopping moment head-on. They've taken the mundane act of misplacing your wallet and transformed it with their sleek, credit-card-sized tracker. This baby pairs seamlessly with Apple Find...

Continue Reading
Charter Next Generation Unveils Gen 2 MDO-PE Films

Updated Category News Views 9

Peering Into CNG's Latest Innovation Charter Next Generation (CNG) just threw down a hefty gauntlet with its launch of next-gen machine-direction-oriented polyethylene (MDO-PE) solutions. They're pushing the envelope on what recycle-ready packaging can do, folks. Let's not mince words—other players in the field better have their game faces on. This ain't just another...

Continue Reading
Cure Blindness Project's 770K Screenings for World Sight Day

Updated Category News Views 13

Visionary Steps Toward a Brighter Future No two words could describe the task that Cure Blindness Project is tackling this year: vision and action. Marking World Sight Day on October 8, they plan to usher in 770,000 eye screenings across Asia, Africa, and the Caribbean. These initiatives aren't just numbers—they're a colossal step toward lifting the veil of avoidable...

Continue Reading
Epic Political Thriller Explores Humanity's Future

Updated Category News Views 7

Adams' Provocative Debut Asks Timeless Questions Sometimes life throws a philosophical curveball, and that's exactly what John C. Adams has done with his debut novel, The Third Phase. This isn't your average political yarn—it's an intricate tapestry intertwining political intrigue, deep spiritual inquiry, and hearty doses of classic philosophy. A Whirlwind Journey...

Continue Reading
Community Banks Missing $106B Lending Opportunity?

Updated Category News Views 17

A Missed Opportunity for Community Banks It's a classic tale: community banks sleepwalking while big players snatch up low-hanging fruit right in their own backyards. According to the latest report by Cornerstone Advisors, commissioned by Teslar Software, these banks are essentially leaving $106 billion on the table when it comes to consumer lending. That's not just chump...

Continue Reading
Cala Launches Game-Changer Wearable for Tremor Relief

Updated Category News Views 10

Breaking New Ground in Neuromodulation Medical tech's on a roll, and Cala Health just hopped on the fast track with their latest launch—the Cala kIQ Plus System. This bad boy is aiming to offer relief for those grappling with hand tremors, thanks to its FDA clearance and a host of new features. It's the first of its kind, combining multiple therapy modes with an...

Continue Reading

Top 5 Most Recently Viewed Articles

MVP Lithium Achieves Major Milestone with Battery-Grade Lithium

Updated Category News Views 110

MVP Lithium Achieves Milestone in Battery-Grade Lithium Production MVP Lithium has successfully produced 99.9% pure battery-grade lithium hydroxide from brine at its DLE pilot plant. This significant achievement highlights the company's innovative approach and commitment to environmentally friendly lithium extraction techniques. The Growing Demand for Lithium in Electric...

Continue Reading
Optical Sorter Market Expected to Reach USD 5.33 Billion

Updated Category News Views 178

Overview of the Optical Sorter Market The Optical Sorter Market is experiencing significant growth, with projections indicating an increase from USD 2.61 billion in 2023 to approximately USD 5.33 billion by 2032. This represents a compound annual growth rate (CAGR) of 8.33% during the forecast period from 2024 to 2032. Factors Driving Market Growth Several key factors are...

Continue Reading
Revolutionizing AI Development: Runloop's Repository Connect Launch

Updated Category News Views 411

Runloop Introduces Repository Connect for AI Development New API automatically detects dependencies and provisions development environments from GitHub repositories in seconds. Runloop, an enterprise-grade infrastructure platform enabling the development and deployment of AI coding agents, has launched a groundbreaking feature called Repository Connect. This innovative...

Continue Reading
Enhancing Urban Transit Safety with Foresight's 3D Technology

Updated Category News Views 106

Improving Safety in Urban Transit Systems The collaboration between Foresight Autonomous Holdings Ltd. and a leading global Tier-One automotive supplier aims to enhance safety in urban public transportation. This partnership focuses on developing a proof of concept (POC) project aimed at implementing an advanced curb detection system to bolster the safety of city bus...

Continue Reading
GoldMining's 2026 Mid-Year Moves Show Strategic Depth

Updated Category News Views 6

GoldMining's Strategic Dance in 2026 GoldMining Inc. has been playing the market like a well-tuned fiddle in 2026, orchestrating a financial symphony that any investor with a pulse should be tapping their foot to. With no debt hanging like a noose, substantial cash reserves, and publicly traded securities holding strong at about US$185 million, they're strutting into the...

Continue Reading