Archive for » September, 2011 «

Thursday, September 29th, 2011 | Author:

Are you ready to make some changes which can seriously reduce your energy bill each month?

IDT Energy can suggest a few improvements you can make to your home which will save you money in the long-run while saving precious resources, too.

1.    If you insulate your ceilings and walls you can save about 20 to 20 percent on your cost to heat your home. Insulation can also help save CO2 emissions, as much as 140 to 2100 pounds of CO2 annually. Homes found in colder climates could benefit from super-insulation.

Save Energy with Double Glazed Windows

2.    Install modern, heat saving windows. You can save more than 2 tons of CO2 emissions each year by changing all your regular windows to argon-filled, double-glazed windows.

3.    Beautify your home and save money too by planting shade trees near your house. If you live in a warm climate, paint your house a light color, and in a colder climate, paint your home in a dark color. Both of these measures help keep your home cool in the summer and warm in the winter.

IDT Energy is constantly on the look-out for money savings suggestions for consumers of energy.

Friday, September 16th, 2011 | Author:

IDT Energy suggests that it is possible for consumers to change some small things around the house to save energy and money.

Here is a fun video for families to enjoy which demonstrates a large number of simple ways families can save energy at work and at home.

Friday, September 02nd, 2011 | Author:

August 29, 2011 marks the date when Genie Energy, a newly formed subsidiary of IDT Energy, filed both an initial registration document as well as an information statement to the offices of the Security and Exchange Commission. Both statements are available to the public at the website of the SEC.

The registration documents were filed as a prelude to the anticipated announcement to the stockholders of IDT Energy that a “wholly-owned” spin-off of IDT Energy, known as Genie Energy, is soon to be created.

Genie will hold IDT Energy’s assets, which consist of:

•    IDT Energy, which is as ESCO which resells power in the form of electricity and natural gas to residential consumers and businesses in Pennsylvania, New Jersey and New York.

•    Genie Oil and Gas of which Genie will hold a 99.3% interest. That interest is composed of (a) American Shale Corporation, which manages and holds a 50% interest in American Shale Oil, LLC, which is an oil shale initiative located in Colorado; and (b) Israel Energy Initiatives, an oil shale company located in Israel.

The CEO of Genie, Claude Pupkin said,

“We believe that, as a separate entity, we will be better able to execute on our development plans for both our IDT Energy retail supply business and our unconventional energy projects.”

The Genie spin-off is expected to be tax-free to IDT and to its stockholders.