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Martin Marietta's third-quarter performance hurt by weak demand and high fuel costs

Despite a slowdown in infrastructure spending and rising fuel costs, Martin Marietta Materials reported solid third-quarter earnings Tuesday.

The company, which produces rock, gravel and other materials used to build roads, subdivisions and commercial buildings, had sales of $464 million for the quarter that ended Sept. 30, up 4.6 percent from the same period in 2010.

Excluding one-time charges, the company reported earnings per share of $1.11. That was above the $1.09 a share that was the consensus among analysts who follow the company.

Martin Marietta now expects to ship anywhere from 2 to 4 percent fewer materials in 2011 than it did a year ago. The company’s fuel costs for the quarter rose 16 percent.

Stimulus grants totaling $4.6 million to pay for green energy projects

Organizations in the Triangle and elsewhere received $4.6 million this week in government grants for green energy in one of the last distributions of stimulus money in this state.

The grants, paid out through the N.C. Department of Commerce, will pay for solar-powered electric vehicle recharging stations in Asheville, swine waste-to-energy projects in Harnett County, and public workshops and exhibits promoting energy-efficient home retrofits.

The grants range in size from about $24,000 to $500,000. Recipients in the Triangle include private businesses and N.C. State University.

The local grants will pay for a geothermal HVAC system at Kyma Technologies in Raleigh, electric vehicle recharging stations by Praxis Technologies in Raleigh, fuel cell units by Microcell Corp. in Raleigh, training in energy audits by Go Green Lighting in Chapel Hill, as well as for the audits themselves to be conducted by Southern Energy Management in Morrisville.

State awards $8.5 million in energy subsidies

State officials announced $8.5 million in federal stimulus money for energy and conservation projects as North Carolina begins to wind down its stimulus funding.

The awards announced this morning by Gov. Bev Perdue's office range from $24,719 for a YMCA in Buncombe County to $500,000 for resin and fiber maker DAK Americas in Brunswick County and $500,000 for Kapstone Kraft, a paper mill in Halifax County.

The awards will pay for rooftop solar panels, landfill gas reclamation, solar thermal heating units and energy efficiency upgrades at local town halls, nonprofits and businesses.

 

More rebates available for Energy Star appliances

State energy officials said today they have scrounged up another $1 million for rebates to residents who buy energy-efficient appliances.

The N.C. State Energy Office is making the money available to people who buy appliances with the federal Energy Star efficiency rating.

The rebates range from $75 for freezers and dishwashers to $300 for gas furnaces and air conditioners.

ESC to receive $205 million in federal stimulus money

The U.S. Department of Labor said today it has approved the release of $205 million in stimulus funds that will be used to modernize North Carolina's unemployment insurance system.

The state's Employment Security Commission can use the funds to pay unemployment benefits, or use it to improve the system by which North Carolina delivers employment services.

The stimulus act included $7 billion for modernizing unemployment programs.

 

More electric car recharging stations planned

Raleigh will have more than 100 electric car recharging stations in the next two years as funding for the curbside pods keeps yielding new announcements.

The N.C. Department of Commerce today announced $625,000 in federal stimulus funding to defray the cost of the recharging stations. This latest announcement is part of an $8 million grant award to pay for alternative fuels and advanced transportation technology around the state.

The state had been slated to receive about 350 recharging stations in the next two years through a combination of stimulus money, research grants and industry funding.

That number is now expected to exceed 400 charging stations as pending grant applications translate into grant awards.  Much of the cost will be paid by stimulus funds, which are designed to help transition the nation's economy and infrastructure from fossil fuels to alternative energy resources.

 

Rebates for Energy Star appliances still available

The state still has $500,000 left in rebates for residents who buy energy-efficient appliances.

The money is left over from $8 million in federal stimulus funds to promote energy efficiency. Most of it was distributed in April and the rest was expected to be used up in June.

But some shoppers who reserved qualifying appliances with the federal Energy Star efficiency rating ended up not making the purchases, which has freed up the money for others.

The rebates range from $75 for freezers and dishwashers to $300 for central air conditioners and natural gas furnaces.

The rebates will be available until the money is depleted. Consumers must go online to reserve their rebates and complete an application form. Those lacking Internet access can call 1-877-379-7323.

More than 62,000 appliances have been purchased so far under the rebate program.

State nets $2 million extra for weatherization

North Carolina will be able to weatherize about 800 homes more than previously expected with a $2 million infusion from the federal stimulus fund.

The $2 million announced today will add to the $132 million previously allotted for the state's weatherization program.

The weatherization aspect of the American Recovery and Reinvestment Act, open to low-income households, is part of the Obama administration's strategy to improve the nation's energy efficiency. Weatherization typically involves free insulation, duct-sealing and other measures that cut energy waste and can slash utility bills for homeowners.

More stimulus grants for broadband upgrades

North Carolina has been awarded $115 million in federal stimulus grants to improve broadband access in the state.

It's the state's second stimulus infusion for broadband development, bringing total grants received to more than $255 million. The grants are part of the $7.2 billion for national broadband deployment in the American Recovery and Reinvestment Act, or stimulus package.

In the latest round, this state received five grants. They will pay for new fiber-optic cable, public computer centers and public computer workstations, primarily in rural and poor areas.

The grants went to the Yadkin Valley Telephone Membership Corp., Olive Hill Community Economic Development, WinstonNet, City of Charlotte and MCNC, the Raleigh nonprofit that provides high-speed Internet access to educational institutions.

Lee County nonprofit receives $200,000 stimulus grant for job training

Lee County Industries, a social services nonprofit that provides services to disabled people, said today it received a $200,000 federal stimulus grant to provide job training and other services.

The agency, located in Sanford and known as LCI, will train 18 disabled people in a range of jobs, including nursing assistants, retail sales, customer service and office clerks.

The training periods will last 15 weeks per trainee and will be spread out over 13 months. LCI will pay the trainees $7.25 per hour, the minimum wage, during their training period.

The program will be structured to lead to employemnt after training is completed.

The agency will also use the money to create products for disabled people. LCI is working on umbrellas and bags that care easy to use by people in wheelchairs.

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