This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Universal Bioenergy - NDR Energy Announces New Electric Power Division To Begin Sales Of Electric Power

IRVINE, Calif., Feb. 14, 2013 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, announced today that its subsidiary NDR Energy Group's new Electric Power Division is now fully operational and is preparing to start marketing electric power. On February 12, 2013, the Company announced NDR Energy received final approval for its "Power Marketing License" from the Federal Energy Regulatory Commission (FERC). With that approval NDR Energy could begin selling electric power immediately. Universal Bioenergy, forecasts that the sales of electricity is projected to generate an estimated $96 to $384 million in additional revenue for the Company.

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

NDR Energy Group's President, Ken Harris says, "I'm very excited to announce that with the approval of the FERC Power Marketers License, NDR Energy's Electric Power Division could begin selling electric power within  thirty days to our customers. Our sales team is prepared to engage in the marketing and sales of electric power  to some of the largest utility companies in the country. Based on our preliminary forecasts, we believe we could initially sell an estimated 100,000 MW per month, and that could later increase to an estimated 300,000, to 400,000 MW per month. Electric power prices are presently in the range of $60 to $80 per MW. This division will allow us to diversify our energy product offerings and provide us with a foundation to rapidly accelerate our growth and increase our margins. NDR signed a Master Power Purchase and Sale Agreement with an electric power company to purchase wholesale electric power. We are in contract negotiations with two of the largest electric power utilities on the west coast to sell them electricity. We are working to consummate those agreements to begin our power sales. The Electric Power Division is fully operational and ready to sell power."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.69 -0.59%
FB $119.49 1.43%
GOOG $711.11 1.40%
TSLA $214.93 1.61%
YHOO $37.23 0.79%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs