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Higher energy contractual cost pass-through to customers, primarily related to natural gas, increased sales by 5%. Industrial Gases - Americas Operating Income and Margin Operating income of $223.8 increased $12.2, or 6%, as favorable operating costs of $27 and higher pricing net of energy and fuel costs of $2 were partially offset by lower volumes of $16. Operating costs were lower due to benefits from productivity actions. Operating margin of 25.9% increased 60 bp from the prior year primarily due to favorable cost performance partially offset by lower volumes and higher energy pass-through. Three Months Ended 31 December 2016 2015 $ Change % Change Sales $ 399.7 $ 439.6 $ (39.9 ) (9)% Operating income 88.0 92.3 (4.3 ) (5)% Operating margin 22.0 % 21.0 % 100 bp Equity affiliates' income 9.5 7.6 1.9 25% Adjusted EBITDA 139.7 146.7 (7.0 ) (5)% Adjusted EBITDA margin 35.0 % 33.4 % 160 bp Industrial Gases - EMEA Sales % Change from Prior Year Underlying business Volume (2 )% Price - % Currency (6 )% Energy and raw material cost pass-through (1 )% Total Industrial Gases - EMEA Sales Change (9 )% Underlying sales decreased 2% from lower volumes as pricing was flat. Volumes decreased from lower liquid volumes across all regions. Unfavorable currency impacts, primarily from the British Pound Sterling, reduced sales by 6%. Lower energy and natural gas contractual cost pass-through to customers decreased sales by 1%. Industrial Gases - Asia Three Months Ended 31 December 2016 2015 $ Change % Change Sales $ 438.3 $ 414.6 $ 23.7 6% Operating income 118.1 117.3 .8 1% Operating margin 26.9 % 28.3 % (140 bp) Equity affiliates' income 13.5 11.7 1.8 15% Adjusted EBITDA 178.3 180.9 (2.6 ) (1)% Adjusted EBITDA margin 40.7 % 43.6 % (290 bp) Industrial Gases - Asia Sales % Change from Prior Year Underlying business Volume 10 % Price (1 )% Currency (3 )% Energy and raw material cost pass-through - % Total Industrial Gases - Asia Sales Change 6 % Underlying sales increased by 9% from higher volumes of 10%, partially offset by lower pricing of 1%. Volumes increased primarily due to new plants, including the commencement of a utility pass-through, and base business growth driven by higher merchant volumes across Asia. Pricing was down slightly primarily due to helium pricing.
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Duke Energy Florida to build solar power plant in Suwannee County - Electric Light & Power
If you own a pool or spa, think about using a solar water heater. These systems use the heat of the sun, along with energy generated by the sun, and use them to heat your hot tub and pool.
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