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Energtek Receives State Permit to Deliver Natural Gas in Vermont
Energtek Receives State Permit to Deliver Natural Gas in Vermont.
About this update from Energtek Inc
[{"type":"text","content":"\n\n\n\nEnergtek Receives State Permit to Deliver Natural Gas in Vermont\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nEnergtek Receives State Permit to Deliver Natural Gas in Vermont\n- Energtek North Country Inc. given green light by the State of Vermont, whose Public Service Board issues a permit to provide natural gas to small and mid-size enterprises via truck delivery using unregulated rates.\nPR Newswire\nNEW YORK, Oct. 8, 2014\n\n\n\nNEW YORK, Oct. 8, 2014 /PRNewswire/ -- Energtek Inc. (OTC BB: EGTK), a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, has been informed that Energtek North Country Inc. (\"ENCI\"), received an important regulatory ruling from the Vermont Public Service Board.  ENCI is pleased to announce that the Vermont Public Service Board exercised its discretion to allow \"competitive market forces to control rates, service quality, and reliability\" for ENCI's commercial and industrial natural gas customers, especially to small and mid-size enterprises, rather than using regulated rates.  \n\nAs a result, ENCI plans to provide natural gas to commercial and industrial customers via truck delivery in the State of Vermont without Board oversight of its rates, management, or the construction of its proposed natural gas compression facility in Swanton, Vermont.  In its October 1, 2014 ruling, the Board stated that ENCI's plan to supply natural gas to customers without pipeline access will compete with propane and other trucked fuels, relying on market forces to control price and service quality.   \n\nTimothy Nulty, ENCI's CEO, stated, \"We are excited to bring trucked natural gas to these markets.  We believe our innovative technology will allow our customers to save money today and profit from the price, efficiency, and environmental advantages of natural gas over competing fuels, without waiting for pipeline distribution infrastructure to be permitted and constructed.\"\n\nAdded Yoav Krill, Energtek's CEO: \"We are reaching our goals as spelled out in our business plan, ...