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Business News Archive - March 28, 2008

Faced with rising fuel costs, Colgan Air Inc. announced today that it will re-bid the majority of its Essential Air Service (EAS) routes. Because EAS does not have a mechanism to provide for unforeseeable cost increases, Colgan must file to exit the market, followed by a re-bid at a higher rate.

Enterprise Products Partners L.P. (NYSE:EPD) today announced that operations at its Pioneer cryogenic natural gas processing facility in Lincoln County, Wyoming have been suspended following a release of natural gas and subsequent fire that occurred on March 27, 2008.

Word of the Day
negawatt
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.