EnerNOC (ENOC) Gains on Amended EPA RICE Emissions Standards
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EnerNOC (Nasdaq: ENOC) is trading strong on the session amid new regulation from the Environmental Protection Agency regarding amendments to the 2010 “National Emission Standards for Hazardous Air Pollutants for Reciprocating Internal Combustion Engines (RICE)."
The final EPA revisions relate to standards to reduce air pollution from stationary engines that generate electricity and power equipment at industrial, agricultural, oil and gas production, power generation and other facilities. The agency commented, "The final revised rule announced today will reduce the capital and annual costs of the original 2010 rules by $287 million and $139 million, respectively, while reducing harmful pollutants, including 2,800 tons per year (tpy) of hazardous air pollutants; 36,000 tpy of carbon monoxide; 2,800 tpy of particulate matter; 9,600 tpy of nitrogen oxides, and 36,000 tpy of volatile organic compounds."
EnerNOC offers devices and services aimed at energy management. Shares are up 18.3 percent Tuesday.
The final EPA revisions relate to standards to reduce air pollution from stationary engines that generate electricity and power equipment at industrial, agricultural, oil and gas production, power generation and other facilities. The agency commented, "The final revised rule announced today will reduce the capital and annual costs of the original 2010 rules by $287 million and $139 million, respectively, while reducing harmful pollutants, including 2,800 tons per year (tpy) of hazardous air pollutants; 36,000 tpy of carbon monoxide; 2,800 tpy of particulate matter; 9,600 tpy of nitrogen oxides, and 36,000 tpy of volatile organic compounds."
EnerNOC offers devices and services aimed at energy management. Shares are up 18.3 percent Tuesday.
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