Wednesday, 22 October 2014
Last updated 14 hours ago
Jan 15 2009 | 2:54am ET
A major public utility is seeking permission to raise rates to fund a clean energy program.
Xcel Energy, which is based in Minneapolis and has customers throughout the central United States, has asked the Colorado Public Utilities Program to approve its plan to raise $6 million a year for its Innovative Clean Technology program. If the PUC gives the okay, the program would run from 2010 until 2013.
Xcel says the funds would support small demonstration projects to test green energy systems for commercial viability. The first such project proposed by the company would be a $4.5 million solar power test at its facility near Grand Junction, Colo.
“In this period of difficult economic times, it is crucial for us to explore new, cleaner technologies by the most economical means possible,” Tim Taylor of Xcel’s Public Service Company of Colorado said. “Our proposal gives us the change to economically and efficiently accelerate the development of technologies that fit with the vision our customers have for future power needs in Colorado.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...