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Bermuda could have imported liquefied natural gas as an alternative to costly oil in as little as three to five years if all falls into place. This from Ascendant Group president and CEO Walt Higgins, who says residents could see a savings of at leas...

Ascendant Group’s profit rose 3.7 percent to $11.5 million in 2012 compared to $11.1 million in 2011 as its Bermuda Gas and PureNERGY subsidiaries offset a $1.4 million decrease in Belco’s earnings. The company said Belco was hit last year by fallin...

Ascendant Group has appointed Michael L Schrum to the Board of Directors. Chairman Reginald S Minors, chairman, said, “Mr Schrum brings fresh perspective and vast experience to the Board. We are delighted that he is joining us and confident that his ...

Ascendant Group Ltd confirmed yesterday that it has been granted exemption from 60-40 ownership rule, opening the way for more foreign investment in the company. In an announcement through the Bermuda Stock Exchange, the parent company of electricity...

Ascendant Group’s profit rose 55 percent to $4.8 million for the first half of the year, compared to $3.1 million for the same period in 2011, but the company said electricity sales continued to fall. The Belco and Bermuda Gas owner said the Group be...

Ascendant Group Limited, the parent company of Bermuda Electric Light Company (BELCO), Bermuda Gas and the newly formed AG Holdings, has announced new management changes. Walter Higgins, Ascendant Group president and CEO, who now also becomes BELCO ...

Minister of Environment Marc Bean is “bullish” on pursuing natural gas as an alternative energy solution for Bermuda. His comments came as part of his welcoming remarks at the Association of Caribbean Electric Utility Companies, CARILEC, Annual Renew...

Nuclear power is not a suitable alternative energy source for Bermuda and wind farms are questionable — the Island should be looking more to the sun and importing natural gas while cutting down on its own electricity usage. This according to the new ...

Ascendant Group has come to the assistance of the Department of Conservation Services with the ongoing restoration of Nonsuch Island Nature Reserve by the donation of a propane-powered refrigerator for the Conservation Officer’s cottage. Working wit...

Ascendant Group Limited, parent company of BELCO and Bermuda Gas, among other entities, has announced big changes to its board of directors. Following its annual general meeting (AGM) of shareholders on Friday, Ascendant Group announced retirements ...

Ascendant subsidiary inVenture has acquired a majority interest in Air Care without paying any cash upfront. The deal gives utility company Ascendant Group a major foothold in the air conditioning sales, installation and maintenance market. In an ann...