SNJ Business People

EnergyMark Purchases Certain Assets of Constellation NewEnergy – Gas Division

03/28/10

  EnergyMark, LLC announced the purchase of certain New York and Pennsylvania assets of Constellation NewEnergy – Gas Division, LLC, a subsidiary of Constellation Energy Group, Inc., effective Feb. 1, 2010. EnergyMark is a partnership of South Jersey Energy Solutions, a division of Folsom, New Jersey-based South Jersey Industries and MW Energy of Amherst, New York. MW is owned by long-time energy entrepreneurs Gary Marchiori and Timothy Wright, both of whom have significant experience and expertise in providing natural gas service to the New York and Pennsylvania areas through previous stints with National Fuel, Texaco, and as co-owners of NOCO Energy Marketing. EnergyMark will emphasize the use of local natural gas production for retail and business consumers.
  "With the tremendous growth of available, locally produced natural gas, direct supply of this resource will benefit the local economy and local energy consumer," stated Gary Marchiori, EnergyMark's president.
  "We intend to take advantage of the resources provided from the prolific Marcellus Shale play, which is positioned literally underneath a consuming region,” noted Ken DePriest, Vice President of South Jersey Energy Solutions.
  SJI, through its South Jersey Resources Group subsidiary, is a Marcellus Shale passive investor in production and a marketer with significant storage assets on the National Fuel Gas system. SJI also owns Open Flow Energy of Dubois, Pennsylvania, a natural gas producer and direct energy supply company serving northwest Pennsylvania that will assume operations for the Pennsylvania assets purchased from Constellation NewEnergy – Gas Division, LLC.
  “The acquisition reflects a growing regional supply focus and interest in development of sustainable domestic fuel supply. The Northeast is the nation’s major consuming region, traditionally dependent on imported oil and long-haul pipeline fuel supplies,” explained Marchiori.
  “Developing and utilizing the local energy supply will make our region not only self sufficient, but potentially a net exporter of natural gas," stated DePriest. “The economic benefits to the region can be seen in Pennsylvania, where areas have seen an economic resurgence in local jobs and tax base resulting from well drilling, pipeline construction and related industry investment.”
  “This transaction reflects a significant combination of local energy entrepreneurs along with SJI, which will give the partnership significant financial backing while also maintaining a local hands-on approach to customer service. EnergyMark’s focus on the use of local fuel supply will bring the benefit of locally produced gas to the local consumer. Job creation for the region and lower energy costs are part of the long-term benefits from development of domestic energy supplies and EnergyMark will be on the leading edge of delivering this benefit to the consumer. This shortening of the “energy value chain” will bring supply from a 150 mile radius instead of from Western Canada and the Gulf Coast which is 1,500 miles away,” stated Marchiori.
  MW Energy, Inc. formed in 2002 by Gary Marchiori, has been involved in several power and natural gas ventures including ownership of NOCO Energy Marketing, LLC which was sold by NOCO Inc. and MW to Constellation NewEnergy – Gas Division, LLC in 2006.

  •    The mission of the Next Generation Aviation Research Park (ARTP) is to promote sustained economic growth and job creation throughout New Jersey and the nation by implementing and operating a cooperative, state-of-the-art aviation Research Park that will support the evolution of the Next Generation aviation environment.
       At full build out, the Park will include seven multi-story buildings with a total of over 400,000 square feet of laboratory and research space located on the campus of the FAA William J. Hughes Technical Center which is the nation’s leading air transportation Federal Facility.

  •   January is not a big month for “don’t miss” events, But it is home to one of, if not “the,” premier events of the year—the State Chamber’s annual “Walk to Washington.”
      The tradition began in 1937 when several of the state's top business executives took a train to Washington to have dinner with New Jersey's congressional delegation. The rest is history. The Walk to Washington obtained its name when participants realized that few sit on the train; they literally walk the train mingling and exchanging business cards the whole way to Washington.