As evidenced by the successful mainline conveyor testing at the Port of Eastport January 19, almost $8 million in upgrades are near completion. Even prior to an official ribbon-cutting though, the Port has complemented new equipment, capabilities and diversified accounts with old-fashioned Yankee frugality.
Through the management services of FEL Power, the Port of Eastport has gone Direct to Grid to supply its own electricity and is seeing roughly 40% cut from every bill.
While the Port of Eastport’s recent expansion, unique USDA permit to ship livestock, and fresh contracts with a more varied clientele bode well, Port administrators are aware that shippers choose ports that contribute to their bottom line. Even the charge of an additional penny per ton can lead to sizeable losses in profits. Direct to Grid electricity allows the Port to maintain its competitive edge.
Says Gus Fromuth, Managing Director of FEL Power, who worked closely with Port of Eastport Director Chris Gardner on the Direct to Grid project, “The Port of Eastport is now better able to control the cost of one of its major expenditures: energy. In going Direct to Grid, it takes the middle man of a traditional utility out of the equation, and uses our management expertise to its advantage.”
Gardner notes that FEL was part of a “well-concentrated team” that worked with the Maine PUC to achieve a 40% cut on the Port’s electricity rates from Bangor Hydro. As soon as the Port of Eastport went Direct to Grid, he says, it saw 40% total savings on its total electricity bill. Gardner stresses the ease of the Direct to Grid process, saying, “I was a little naïve about the opportunities of Direct to Grid” before Jack Cashman of Cashman Consulting in Bangor introduced the Port to FEL Power. “Some people think it’s more complicated than it really is. It’s really quite simple.”
The expansion of the Port of Eastport is a transformative moment in its 34 years. Fromuth points to the Port Authority’s foresight in day-to-day operations as a harbinger of continued success. “Maine and Washington County are fortunate to have such a dynamic team working for their economic well-being.”
The Freedom Energy Logistics family of companies obtains power at the lowest possible price for New England consumers. FEL Power (felpower.com) provides high-end energy management services in electricity and natural gas. Its unique Direct to Grid (or Self-Supply) model guides large-scale users into New England’s wholesale electricity market, guaranteeing them access to electricity at the lowest available cost. Halifax American Energy Company (haecpower.com) is a retail electric energy marketer which, in partnership with South Jersey Energy, specializes in transactions converting wholesale and bulk power products into shapes and durations suitable for industrial, commercial, institutional and governmental end users. Its newest division, Resident Power (residentpower.com), is New Hampshire’s first competitive electricity aggregator to focus exclusively on residences and small businesses.