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

Capstone's Jim Crouse To Testify At Today's House Energy And Commerce Committee Hearing

CHATSWORTH, Calif., Feb. 26, 2013 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation ( ) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced that Jim Crouse will testify on behalf of the U.S. Combined Heat & Power Association. Mr. Crouse will sit on a panel at the hearing that will feature representatives from a wide range of private industries to discuss innovation in energy savings performance contracts, combined heat and power systems, and industrial efficiency technologies.

The panel of the House Energy and Commerce Committee will highlight private-sector innovation and success in energy efficiency -- and the bipartisan support for those efforts -- in today's hearing.

Energy efficiency has been a particular focus of the Obama administration. The United States Department of Energy (DOE) has launched several efficiency-related goals and initiatives, including reducing commercial building energy use by 20 percent by 2020; issuing codified efficiency standards for more than 30 products since 2009, with another nine standards likely to be finalized by the end of this year; and enabling the federal government through energy savings performance contracts (ESPCs) to save $3.5 billion in energy costs associated with approximately $1.2 billion in project investment through the Federal Energy Management Program, according to DOE's website. The U.S. government has committed $2 billion for performance-based contracts to improve the energy efficiency of federal buildings by 2014.

Sen. Lisa Murkowski (R-Alaska), ranking member of the Senate Energy and Natural Resources Committee, tops the witness list for the Energy and Power Subcommittee hearing, along with Sen. Jeanne Shaheen (D-N.H.).

Chairman Ed Whitfield (R-Ky.) aims to continue to tout the bipartisan and bicameral interest in energy efficiency, along with the private sector's benefits and challenges -- including innovative financing, government contracts, consumer interest and support for combined heat and power and waste heat recovery, according to the committee hearing background memo.

In addition, Murkowski is likely to discuss her energy "blueprint" of 200 policy recommendations released earlier this month, which includes making financing accessible for efficiency retrofits in both the federal arena and private markets and improved integrated efficiency systems, as measured per unit of gross domestic product rather than through less energy production ( Greenwire, Feb. 4).

Shaheen co-sponsored a controversial bill on energy efficiency last year, S. 1000, with Sen. Rob Portman (R-Ohio). The bill included mandates that the Energy Department better coordinate efficiency research, a requirement to study the deployment of industrial energy efficiency and provisions related to the government's use of advanced metering, energy management and data collection.

The bill stalled over disagreement on a new DOE loan guarantee and other financing mechanisms to promote efficiency and new recommended building codes. Portman said last year that they planned to adjust the legislation with an eye toward fiscal responsibility for this congressional session.

1 of 3

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 $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs