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Cardinal Resources plans to use solar-powered systems to increase revenue A South Side environmental engineering firm is looking to multiply its 2008 revenue by a factor of at least five this year.  Cardinal Resources LLC will attempt to accomplish this through the mass production of its solar-powered water purification systems, which are used both to provide safe drinking water to developing countries and to treat industrial wastewater. The company took in about $3.3 million in revenue and was profitable in 2008, up from $938,000 in 2007, President and CEO Kevin Jones said. By this year’s end, Cardinal is aiming to gradually scale up to about 25 units per month through a Wooster, Ohio, manufacturer, and quintuple its sales. Until now, Cardinal has commissioned units on as as-needed basis for customers, ranging from one to four systems each month. Base units of the Red Bird System sell for about $65,000, Jones said. The Red Bird is a self-contained water purification unit about the size of a 20-foot trailer that uses filters and a salt-and-electricity solution, instead of chemicals, to disinfect water with no external power source Pittsburgh Business Times 1/16/09

Smart Growth Awards 2009 Do you know of an innovative approved or built project, adopted plan
or initiative that deserves to be honored for bringing smart growth ideals to light? Consider nominating
a project for a New Jersey Future 2009 Smart Growth Award! Honorees will be selected by jury and recognized at our 8th annual Smart Growth Awards Celebration in June 2009.  Nominations must be
received or postmarked by Friday, January 30, 2009. To download a copy of the official guidelines and nomination form, click here. Visit www.njfuture.org for more information. 1/16/09

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Flaster/Greenberg Expands Real Estate Department Scott J. Ciocco and Mitchell R. Cohen, two well-known names in the regional commercial real estate arena, have joined Flaster/Greenberg Attorneys at Law, as shareholder and of counsel, respectively, in the Real Estate Practice Group. Ciocco and Cohen have worked closely together for several years, including at Freedman Cohen Development LLC, a Mt. Laurel, New Jersey-based commercial real estate management and development company specializing in big-box and supermarket anchored shopping centers. Ciocco served as FC Development’s general counsel.  Cohen is a founding principal and CEO of the company.  Scott J. Ciocco, who is also a member of the firm’s Real Estate and Land Use and Corporate Departments, focuses on real estate, finance, mergers and acquisitions, joint ventures
and general corporate matters.  He provides corporate counseling for general business clients, real estate counseling of major residential and commercial developers, landlord and tenant representation
in retail, office and industrial leasing matters and representation of borrowers, lenders and private and alternative equity investors in multi-million dollar corporate debt and equity financing. He was also formerly associated with a large national law firm headquartered in Philadelphia. Ciocco earned his
J.D. in 1995, magna cum laude, from Cleveland-Marshall College of Law. Mitchell R. Cohen is Of Counsel in the Real Estate and Land Use and Corporate Practice Groups. He represents commercial developers throughout New Jersey, and serves as CEO and a principal of Cohen Development Group LLC.  His experience involves all facets of real estate law, including acquisitions, financing, land use, construction and management. He also practices corporate law, with a particular emphasis on mergers and acquisitions. Cohen is the immediate past president of the Jack M. Barrack Hebrew Academy in Lower Merion, PA and former president of the Jewish Community Relations Council of Southern New Jersey. Cohen also served on the Board of Directors of the American Friends of Technion University
in Israel, the Jewish Federation of Greater Philadelphia and the New Jersey Remodeler’s Association, who named him the Association’s “Man of the Year.” 1/16/09
 

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PPG earnings down 65 percent in 4Q PPG Industries Inc. reported net income was off 65 percent in the fourth quarter, to $71M, or 43 cents per share, compared with $200M, or $1.22 per share, in the year-ago quarter. Downtown Pittsburgh-based PPG (NYSE: PPG) saw one-time after tax earnings of $3M, or 2 cents per share, related to a May 2002 asbestos settlement agreement. Sales rose 3 percent year-over-year to a record $3.2 B Pittsburgh Business Times  1/16/09

Ballard Spahr lays off support staff Philadelphia law firm Ballard Spahr Andrews & Ingersoll said it has laid off secretaries and other administrative staff in several of its 12 offices. The firm would not specify how many people would be affected by the layoffs or at which offices the layoffs will occur.

Schweiker leaving Greater Philadelphia Chamber of Commerce Mark Schweiker is
departing as president and CEO of the Greater Philadelphia Chamber of Commerce, where he has served for the last six years, and is taking a job with PRWT Services Inc. in Center City. The former Pennsylvania governor will become president of the business process outsourcing unit of PRWT and will leave his chamber post June 30. PRWT is one of Philadelphia’s largest minority-owned businesses and continues to grow in the city. It has offices at 1835 Market St. Schweiker informed the chamber board Thursday morning of his decision. A national search for Schweiker’s replacement will be launched immediately and likely be concluded before Schweiker begins his new job, said David L. Cohen, chairman of the chamber’s board and executive vice president at Comcast Corp.
 Philadelphia Business Journal 1/16/09

K&L Gates adds Frankfurt office K&L Gates, Pittsburgh’s largest law firm, has opened an office in Frankfurt, Germany, its 29th site and second in that country. It has added partners Mathias Schulze Steinen and Frank Thomas, who have substantial practices, respectively, in corporate and banking in Frankfurt and previously were partners at Simmons & Simmons, a London-based firm with international offices. Combined with the Berlin office, which K&L Gates opened two years ago, the firm now has 40 lawyers in Germany. Nearly half, or 18, focus on corporate law Pittsburgh Business Times 1/16/09

Pennsylvania, Pittsburgh-area foreclosures surge in 2008 The number of homes in foreclosure across the country was up 81 percent last year, to more than 2.3 million, a report released Thursday shows. In the Pittsburgh area, 10,013 homes were in foreclosure last year, up 148 percent from 2007, according to a report by Irvine, Calif.-based RealtyTrac. That puts the region at No. 81 out of 100 metro regions, according to RealtyTrac's foreclosure data. Philadelphia was at No. 77 on the list, with 15,659 homes in foreclosure, an increase over 2007 of 98 percent. The Cleveland area was at No. 24, with 27,693 homes in foreclosure last year, but that figure was 0.56 percent lower than in 2007, the report found. Statewide, Pennsylvania's rate of foreclosure was at No. 32, with 42,949 total foreclosure filings last year. That reflects a 127 percent increase over 2007 Pittsburgh Business times 1/16/09

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Morgan Lewis firm freezing salaries The Morgan Lewis & Bockius law firm has instituted a salary freeze for nonpartner lawyers, according to a Web site account verified by a spokeswoman for the firm. An internal memorandum outlining the freeze was posted at the AbovetheLaw.com blog. A firm spokeswoman said the memo posted is authentic but otherwise had no immediate comment. In the memo, Morgan Lewis said that like other firms, it has seen a decline in transactional practices. It finished fiscal year 2008 in line with 2007. But Morgan Lewis’ fiscal year ends Sept. 30, which means those numbers do not include the effects of the economic swoon in the fourth quarter. Morgan Lewis told associates Wednesday that it needed to “manage its business conservatively,” the memo said, and will “maintain of counsel and associate base salaries for 2009 at the same levels as those individual lawyers were paid for 2008. We will continue to reward performance with our bonus pool, and we will be announcing individual bonuses later this month with respect to 2008.” Morgan Lewis also recently said it had eliminated associate bonuses based solely on accumulating 2,000 billable hours and will now reward merit-based bonuses. Morgan Lewis has 1,500 lawyers, almost 300 of which are based in Philadelphia Philadelphia Business Journal 1/15/09 

Sunoco closing Texas factory Sunoco Inc. said Tuesday it will close its polypropylene manufacturing facility in Bayport, Texas, no later than April 30 because the plant is no longer financially viable. Sunoco’s three other polypropylene facilities in Marcus Hook, Pa.; La Porte,
Texas; and Neal, W.Va.; will assume a portion of Bayport’s production. The Bayport plant can
produce about 400 million pounds of polypropylene a year. Sunoco expects to record a non-cash,
after-tax charge of $35M in the fourth quarter of last year because of the closing. The plant employs about 50. Sunoco will try to find other jobs for the workers, but probably won’t be able to place them all, according to a company spokesman. Sunoco of Philadelphia refines oil, sells gasoline and other fuel, makes petrochemicals and coke and has a stake in a pipeline company. 1/13/09

Alcoa to cut 13,500 jobs, slash production Alcoa Inc. will lay off 13,500 employees, or about
13 percent of its global workforce, by the end of 2009 as “extraordinary times” squeeze the aluminum giant. Besides slashing personnel, Alcoa will freeze salaries and hiring, further throttle back production and halve 2009 capital expenditures, the company announced in a news release Tuesday afternoon. “These are extraordinary times, requiring speed and decisiveness to address the current economic downturn, and flexibility and foresight to be prepared for future uncertainties in our markets,” CEO
and President Klaus Kleinfeld said in a prepared statement. “We are taking a wide-ranging set of aggressive, but prudent, measures to ensure that Alcoa maintains its competitive lead in today’s challenging markets while also emerging even strong when the economy recovers.” Aluminum prices have plunged this year as homebuilding and auto manufacturing industries have sputtered. The Wall Street crisis further pummeled the company’s share prices, which have dropped by more than half since September. Alcoa closed at $12.12 Tuesday, down from $33.11 January 7, 2008. Alcoa reports its fourth quarter earnings Monday. Headquartered in New York, Alcoa employs about 2,000 on Pittsburgh’s North Shore. The company has incrementally been curtailing its smelting production, announcing an immediate 350,000 metric tons per year reduction in November and cutting production 25 percent at its Point Comfort, Texas smelter in October. By further reducing production another 135,000 metric tons, Alcoa will have cut about 18 percent total of the company’s production. The company also said it planned to sell its electric systems business, automotive wheels business,
global foil and its Europe-based transportation products business. Capital expenditures will be $1.8B, down about 50 percent from 2008. However, the company will spend about $750M on completing two “key growth projects” in Brazil in the first half of 2009. Pittsburgh Business Times 1/6/08

Progress Energy taps Westinghouse, Shaw for nuclear plant work Westinghouse Electric
Co. has signed a $7.65 billion contract to build two nuclear plants in Florida, according to a filing
with the Securities and Exchange Commission. Under terms of the contract, Westinghouse and
Stone & Webster Inc., a subsidiary of Westinghouse partner The Shaw Group Inc., will provide
design, engineering, procurement, and construction services for two nuclear electric-generating units for Progress Energy Florida, according to the SEC filing. The contract price for the two units is about $7.65 billion, the SEC filing said, but the total price estimate that Progress Energy filed with the
Florida Public Service Commission, including costs such as inflation, site preparation, financing and associated transmission facilities, is about $14 billion. If regulatory approvals stay on schedule,
current plans would be for the units to be substantially complete in the 2016 to 2018 time frame, the filing said. Most of the project costs will be invested by the company and its shareholders and will not be recovered from customers through rates until the plant goes into service, according to a release from Progress Energy Florida However, starting this month, customers will begin paying for a portion
of the costs of the project as approved by the PSC, the release said. Progress Energy Florida also said in the SEC filing that it expects to have substantial joint ownership in the project and will make
an announcement on additional owners when those negotiations are completed. Pittsburgh-based Westinghouse has several multi-billion dollar deals to build nuclear reactors in the southern U.S.
and in China. Currently housed in the eastern Pittsburgh suburb of Monroeville, Westinghouse is building a new headquarters facility north of Pittsburgh, in Cranberry Township. It is a subsidiary of Japan-based Toshiba Corp. Pittsburgh Business Times 1/5/08
 

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CONSOL likely to close coal mine in southwestern Pennsylvania The company likely will close its 277-employee Washington, PA mining plant in March, the company announced. As
indicated in a Worker Adjustment and Retraining Act notice filed with the state Friday, Eighty Four Mining Company may shut down indefinitely and begin displacing workers during a two- week period starting on March 4. That metal-quality coal is no longer the hot ticket item it was a year ago, when
the price of steel was skyrocketing along with demand for it, is the immediate explanation for the closure, said CONSOL spokesperson Tom Hoffman. But plans to shut down operations materialized some time ago, he said, because the longwall mine was getting harder and more expensive to develop due to its rocky geological features. Pittsburgh Business Times  1/5/08 

Paulsboro petroleum terminal expansion nears completion Plains All American Pipeline LP (NYSE:PAA) (Houston, Texas) is nearing completion of a $45 million expansion to its petroleum products terminal in Paulsboro, New Jersey. The first three new refined- products storage tanks are now in service, and the remaining five tanks will enter service in the next month or so. For details,
view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=142525, or browse other breaking industrial news stories at www.industrialinfo.com. 1/5/08

Environmental professionals to descend on Cape May, NJ  The Partnership for the Delaware Estuary will host its third Delaware Estuary Science and Environmental Summit on January 11-14 at the Grand Hotel in Cape May, New Jersey.  This conference follows close on the heels of the PDE’s “State of the Estuary Report,” which serves as a health assessment of the tidal Delaware River watershed and many of its signature species. The purpose of this biennial summit is to provide a venue for exchange at which 200 or more scientists, resource managers, and environmentalists can share their work in the context of the event’s theme: “Planning for Tomorrow’s Delaware Estuary.”  In this way, the PDE hopes to continue building on the themes of its two previous conferences, which were “Linking Science and Management” and “Setting Achievable Environmental Goals.”  Dr. Jerry R. Schubel, president and CEO of the Aquarium of the Pacific, will give the keynote speech on January 12. Highlights of the summit will include over 130 presentations, roundtable discussions, and regular and special-topic sessions; a January 13 press conference featuring former U.S. Attorney, Christopher J. Christie, who will help announce the 2008 awardees of the National Fish and Wildlife Foundation’s Delaware Estuary Watershed Grants Program; and several lectures on progressive topics such as ecotourism, environmental marketing, and outreach programs. “This summit is for more than just scientists,” said Jennifer Adkins, executive director of the PDE.  “We’ve tailored it over the years so it also appeals to environmental professionals and conservationists, particularly those concerned with the tidal Delaware River and Bay.” PDE news release 1/5/08

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NY fuel-cell developer Plug Power cuts deeper into its workforce to stop losses Plug Power Inc. laid off 90 employees this week, or almost one-third of the company’s work force. About 75 of the layoffs were at the fuel-cell developer’s Latham headquarters, leaving 125 employed there now. The majority of the lost jobs involved engineering, shared operations and back office positions. It was the second round of layoffs for the Latham-based fuel-cell developer. In June, the company (Nasdaq: PLUG) laid off 80 workers, 56 of whom were employed at the Latham office. Plug employed about 300 worldwide before the latest round of cuts. The company now employs 200 in Latham; Washington, D.C.; Vancouver, Canada; and Wilmersdorf, The Netherlands. Albany Business Review 12/26/08 

New Coal pier sits idle, calling for creative solutions When Kinder Morgan Energy Partners LP spent $58 million building a coal-import facility in Newport News early this year, the company hadn't planned for it to sit idle for months at a time. Or handle export coal. Or unload ore to barges. But that's exactly what Pier X has done. Two years ago, Hampton Roads' coal imports were on the rise, and local terminals were looking to profit. Kinder Morgan responded by building Pier X. It opened in March, just as imports collapsed. Since then, the terminal has serviced only one ship and several barges, and its schedule for 2009 is empty so far, said Joseph DeMatteo, manager of Pier X and its sister export facility, Pier IX. "Imports remain quiet," he said. "It's a bit of a disappointment." Virginian Pilot 12/26/08

Quaker Chemical cuts 80 positions Quaker Chemical Corp. said it has cut 80 positions, mostly in North America and Europe, as it responds to a fall in the fortunes of customers in the steel and automotive markets. Conshohocken, Pa.-based Quaker (NYSE:KWR) said the layoffs represent about 10 percent of its work force in those continents, and the company will take a fourth-quarter restructuring charge of about $3 million. “The dramatic demand fall-off will have a significant negative effect on our fourth quarter operating results, and we have implemented a series of cost reductions to better align our cost structure with these market realities,” CEO and President Michael F. Barry said. “Equally important, though, is our continuing commitment to funding our most important growth initiatives so that we will leave this difficult period in the strongest competitive position.” Despite the tough quarter, the company declared a quarterly divided of 23 cents per share. Barry called the move “an indication of our continued confidence in our future.” Quaker provides process chemicals, chemical specialties, services, and technical expertise to industries including automotive, aerospace and construction materials. Philadelphia Business Journal 12/24/08 

American Water announces stock sale The company said Thursday that it and an affiliated company plan to sell more than $600M in American Water stock. The amount could increase to $690M if underwriters exercise options to buy additional shares, Voorhees, NJ-based water and
sewer systems operator American Water (NYSE:AWK) said. The offerings would include a $300M primary offering with proceeds going to redeem short-term debt, and a $300M secondary offering
by a subsidiary of American Water parent RWE AG with proceeds going to RWE, the company
said. Philadelphia Business Journal  12/18/08

Foster Wheeler awarded Chevron contract for shop-assembled steam generators  Foster Wheeler Ltd. of Clinton, NJ announced today that a subsidiary of its Global Power Group has been awarded a contract by Chevron Products Company, a division of Chevron USA, Inc., for the design and supply of two 20 MW shop-assembled steam generators to be located at its Pascagoula, Mississippi refinery. These are the second and third shop-assembled steam generators awarded to Foster Wheeler by Chevron Products for the Pascagoula refinery since 2006. Foster Wheeler 12/18/08

Emissions trading for all sizes In a Closter basement, Philip Gotthelf is trying to turn noxious gas into gold. Eight months ago, Gotthelf, a 55-year-old commodities trader, launched a computerized trading system that he believes will help reduce the amount of greenhouse gas emissions — and make a buck, too. Global Emissions Exchange (GEX) allows carbon dioxide generators such as manufacturers and coal-burning power companies to offset the pollutants they pump into the atmosphere by  purchasing carbon offsets or credits from homeowners who cut their emissions. The exchange is one of several initiatives around New Jersey aimed at using market forces to cut carbon dioxide emissions by putting a price tag on pollution. Bergen Record  12/17/08

USGBC-NJ, a fast-growing green-business group hires director The New Jersey chapter of the U.S. Green Building Council, which has seen its membership mushroom to 770 individuals and 650 companies since it started out in 2002, has outgrown its volunteer-based member management and hired an executive director to oversee its programs and future growth. Florence Block, who had served as president of the Morris County Chamber of Commerce, was introduced to the membership at a packed holiday gala event Monday night in Princeton. A proud USGBC-NJ Chairman Andy Topinka told the group that Block's appointment capped an "exhilarating" year for the state chapter which last year had set a goal of becoming the "go to" organization in the state for green building. Since then, he said, the New Jersey chapter has spoken at more than a hundred meetings, conferences and trade shows through its 50-member speakers bureau and had raised its visibility with a 30-second public service announcement broadcast on NJ Network. Block said she was "proud and humbled" to be selected to manage such a dynamic organization in a field that promised significant energy savings and environmental benefits to the public EnviroPolitics Blog 12/17/08

Trenton waste hauler to run fleet on natural gas Clean Energy Fuels Corp. (Nasdaq:CLNE) has been awarded a five-year contract with a five-year option for compressed natural gas (CNG) fueling services by Central Jersey Waste & Recycling Inc. Located in Trenton, New Jersey, the firm provides waste hauling and recycling services for central New Jersey, including the town of Hamilton, which has mandated alternative fuel use. Central Jersey Waste will finance both a portion of its time-fill fueling station and 20 natural gas trucks through Clean Energy Finance. Clean Energy will design, build, operate and maintain the fueling station. The waste and recycling firm is the first in New Jersey to convert a portion of its operations to natural gas fuel use. Businesswire 12/16/08

Leading Charge to Meet Rising Demand for Power  A new software product allows owners and operators of data centers to free between 20 percent and 35 percent of hidden capacity in their energy infrastructure instead of investing in expansions, according to Bob Hylas, of Edison-based Energy Options Inc., which has developed it. Major data center users, including Goldman Sachs, Citigroup, AIG and McGraw Hill, have bought the so-called Fieldview software since its launch 18 months ago, said Hylas, vice president and general manager overseeing the product at Energy Options. Other customers include contractors, engineering firms and building owners NJBIZ 12/15/08

Recycling of PET bottles sets new annual high mark The National Association for PET Container Resources and the Association of Postconsumer Plastic Recyclers announced that 1.396 billion pounds of PET bottles were collected for recycling in the United States last year, the highest PET container collection volume recorded to date. Additionally, the collection level is a 10 percent increase from the prior year. The increase in collection pushed the PET container recycling rate to
24.6 percent, the fourth year in a row the report showed an increase in the PET recycling rate. "We’re pleased to partner with NAPCOR on this important report," said Bill O’Grady, chairman of APR and president of Talco Plastics, noting that the 2007 report marks the third year of this partnership. "APR is committed to increasing the recycling of PET and to supporting the use of products manufactured with recycled PET." Recycling Today 12/10/08

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New Jersey American Water gets rate increase New Jersey American Water said Monday it was granted a 15.2 percent rate increase by the New Jersey Board of Public Utilities. The subsidiary
of Voorhees, N.J.-based American Water Works Co. (NYSE:AWK) said average residential customers, who use 7,000 gallons of water a month, will see their monthly bills rise $4.71 to
$49.25 from $44.54. New Jersey American Water also said: Customers of what were the Elizabethtown and Mount Holly water systems will see their monthly bills rise $8.37 to $43.92 from $35.55;
Customers of the former Pennsgrove system will see their monthly bills go up $6.23 to $32.28 from $26.05, and customers of the former South Jersey Water Supply Co. will see their monthly bills increase $9.10 to $43.92 from $34.82. Additionally, New Jersey American Water said the New Jersey Board of Public Utilities granted its request to transition customers in the former Elizabethtown and Mount Holly systems, Harrison, Pennsgrove, Adelphia, Chester Borough and Mount Ephraim from quarterly to monthly billing next year. Philadelphia Business Journal 12/9/08

Aqua Pennsylvania accesses capital for $280M in infrastructure improvements Aqua America, Inc. (NYSE:WTR) announced today that the company's largest subsidiary, Aqua Pennsylvania Inc., entered into an agreement to issue $22 million in tax-free First Mortgage Bonds
to which Standard and Poor's assigned its 'AA-' secured debt rating and '1+' recovery rating, which Standard and Poor's equates to the highest expectation of full recovery of principal. Aqua
Pennsylvania also announced that it was able to renew a $70 million short-term line with PNC Bank and TD Bank. At yesterday's (12/8/08) one-month Libor rate, the current short-term borrowing rate under this renewed line of credit is 2.6 percent versus 5.5 percent a year ago. The interest rate under this line of credit changes based on the applicable Libor rate. The company's ability to access money at this rate is a reflection of the company's Standard and Poor's credit rating, which improves its ability to economically expand its infrastructure rebuilding program. Aqua America and its subsidiaries currently have approximately $80 million available on its credit lines. The company's lines are used to fund day-to-day operations.  The bond issuance is made up of two series of bonds including $9 million at a 6.25 percent coupon rate with a yield of 6.55 percent maturing in 2017, and $13 million issued at par with a 6.75 percent coupon maturing in 2018. Aqua Pennsylvania received approval from the Pennsylvania Economic Development Financing Authority for the issuance in October. The proceeds will be used to finance capital improvements to water distribution systems and treatment facilities in Chester, Delaware, and Montgomery counties in Pennsylvania. The company intends to close on this transaction in mid-December. The issuance will allow the company to continue to invest in infrastructure improvements to enhance reliability and service to our customers. In 2009, the company expects to spend roughly $280 million on infrastructure improvements, most of which will be funded by internally generated cash. Press release 12/9/08

Foster Wheeler wins IPMA Project Excellence Award at IPMA 22nd World Congress  The company announced today that its Milan-based subsidiary Foster Wheeler Italiana S.p.A., part
of its Global Engineering and Construction Group, has received the prestigious International Project Management Association (IPMA) Project Excellence Award for its Lomellina 2 Project in Italy. The award was announced at IPMA's 22nd Annual Congress, which took place in Rome in November 2008. Foster Wheeler designed and built the Lomellina 2 waste-to-energy plant, which processes 180,000 tonnes per year of refuse-derived fuel to generate 25 megawatts of electricity. At the heart of the Lomellina 2 plant is a Foster Wheeler designed and supplied circulating fluidized-bed (CFB) boiler.
This CFB technology was selected to burn RDF and to produce steam for the generation of electricity because of its excellent environmental performance. Established in 1965, IPMA was the world's first project management association and is now an international network for project management societies throughout the world, with more than 30,000 members in over 40 countries. With operational headquarters in Clinton, NJ, Foster Wheeler Ltd Foster Wheeler Ltd. is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable
facilities and equipment. The company employs over 14,000 professionals Press release 12/9/08