LAGUNA BEACH, CA and TEMECULA, CA--(Marketwire - Mar 7, 2013) - Greg Michaels, CEO and Company Founder of SCT&E, has just returned from a successful three-week trip spanning the United States and Latin America. Michaels secured a contract to provide LNG in excess of 50,000,000 MMBtu per year for 20 years. The contract includes a liquefaction process and a unique shipping solution to provide the LNG to developing economies.
Michaels originally set out to finalize negotiations with a Latin American government for a 400 MW power plant and LNG facility; the final agreement is forthcoming. Due to the necessity of obtaining LNG to operate the 400 MW Power Plant and the Company's desire to deliver a lower price for electricity, Michaels sought out to secure a larger supply of LNG than was required for his project. The entrepreneur and aggressive CEO recognized the economy of scale and that, by purchasing a larger amount of LNG, Michaels would obtain an overall better price for which his project would benefit. "Securing this LNG was a very critical step in our company's ability to develop power generation for this project and other projects throughout Central America and Latin America," explained Greg Michaels at his Laguna Beach, California office on Wednesday. In his search for LNG, Michaels has negotiated additional LNG contracts and is entertaining requests from other seaside nations and locations for LNG terminals and Power Plants south of the United States.
According to Michaels, "The worldwide LNG market is expanding rapidly with new discoveries every day. As the most environmentally friendly fossil fuel, natural gas releases 45 percent less carbon dioxide than burning coal and 30 percent less than burning oil." In its liquid or cryogenic state at (-162°C), LNG is easily transportable and will play a large part in achieving SCT&E's goal to provide "cleaner fuel" at reasonable prices. LNG is in such high demand worldwide that it is hard to obtain. Japan's need for new energy resources after the devastating earthquake and subsequent tsunami has increased the price for LNG to Asia, thus affecting all markets.
Michaels' vision encompasses a future where viable, cost effective energy solutions can be obtained anywhere in the world. The enthusiastic CEO stated, "The era of exclusion is over! The unique technology at our disposal allows SCT&E the ability to quickly construct permanent cost effective generation, liquefaction and delivery solutions almost anywhere in the world. This includes our ability to provide floating gas-fired generation units fueled with LNG on side-by-side floating barges indefinitely or until on-site facilities can be built. Currently we are looking to build new facilities south of the United States while remaining open to world-wide requests."
Many nations lack an adequate supply of energy fuels to generate electricity for homes, vehicles and industries. The current cost for existing diesel fuel is exceedingly high. SCT&E is providing solutions for countries looking to become energy independent. If natural resources are being wasted, i.e., gas flaring, these resources need to be taken advantage of.
Michaels revealed that many countries in the Central American and Latin American regions have requested the same type of fuel and electrical generation. SCT&E is in contact with several coastal nations that are geographically receptive to the unloading of LNG vessels. Many countries need clean and affordable electricity and LNG is a resource that makes this possible. "In addition to power generation projects," Michaels continues, "SCT&E is positioning itself in the international LNG markets." Leading experts in the Oil and Gas industry describe Liquefied Natural Gas as the key to clean and less expensive fuel over the next 50 plus years.
About Southern California Telephone & Energy (SCT&E):
Southern California Telephone Company, dba Southern California Telephone & Energy, is a spin-off of Wholesale Airtime, Inc. established in 1994 by Founder and CEO Greg Michaels. In simple terms, SCT&E is a vertically integrated Telephone and Energy Company, offering discounted Legacy Voice, Data, Wi-Fi, VoIP, SIP, Cable Telephone, and Telephone Systems. The company also provides renewable energy and energy efficiency solutions, thus blending the world of electronic mediums. Additionally, SCT&E is involved in international energy generation and oil and gas projects.
Subsequent to the 1996 deregulation of the telecom industry in the United States, SCT&E took advantage of the opportunity to become a privately held, facility-based Competitive Local Exchange Carrier (CLEC) and utility under the CPUC. In addition to its CLEC status, SCT&E is also a Certified Long Distance Carrier (IXC), and a Wireless Internet Service Provider (WISP). SCT&E has one of the largest fixed wireless, or WiMax, networks in California. The company has multiple locations, with its corporate office located in Temecula, California. SCT&E owns and operates a redundant telecommunications network with switches and facilities on both coasts of the United States.
In 2011, SCT&E became an Electric Service Provider (ESP) and was granted FERC Authority, allowing the company to buy and sell energy nationwide in the USA. Its Energy Division affords consumers the ability to invest in renewable energy systems to include PV Solar and its patent-pending Virtual Power Plant®.