Sunday, 21 September 2014
Last updated 1 day 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.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.