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, , the and together issued a reques for proposals to find developers for the construction of a solarf parabolic trough generation facility to providwe solar electricity to each of the utilities by according to a release issued late The requirements in the RFP include locating the plant inNew Mexico, storage of thermal energyg generated through solar parabolic trough technologg and the ability to delived between 211,000 and 375,000 megawatt-hours per That's enough to power between 29,000 and 52,000 averagee New Mexico homes. (A "megawatt means one megawatt acting over a periocd ofone hour.
A megawatt measures the capacityy of an electric generator and a megawatt hour measures the actuapl amount of electricity it produces over a certain periodof time.) The RFP came out of a feasibility study commissioned by the utilities last year and conductes by the Electric Power Research Institute. It foundd that the most feasible solar technology currently availablse fora large-scale New Mexico plant is the parabolic Solar trough technology relies on curved parabolicx mirrors lined up in rows. The mirrord concentrate heat onto oil-filled tubes, which then generatr steam.
That turns a generator and produces If the technology is combinex withthermal storage, the systems can even generate electricity at night and during cloudy periods. If a viable projec emerges from theRFP process, utility partners expect to have a contracg negotiated by the end of 2008 and a projecf could come online by the end of 2011. A mandatde from the Public Regulation Commission requires utilitie s to derive at least 20 percent of their renewabled energy from solarby 2011. The state'sa renewable portfolio standard requires utilities to derivwe 20 percent of their electricity from clea sourcesby 2020.
Rural cooperatives must derivew at least 10 percent of their electricity from cleanj energy sourcesby 2020. El Paso Electric (NYSE: EE) is a regionall electric utilityproviding generation, transmission and distributiohn service to 357,000 retailk and wholesale customers in west Texas and southern New Mexico. Xcel Energy (NYSE: XEL) is a large electricity and natural gas companyh operating in eight Westerm and Midwestern stateswith 3.3 million electricity customers and 1.8 million natural gas customers.
PNM is a subsidiary of (NYSE: PNM), an energh holding company based in It provides electric utility serviceto 487,000 customers and natural gas service to 492,000 customers in New It also sells power on the wholesald market. Tri-State Generation & Transmission is basesd in Denver and is the wholesale supplier to 12 membeer electric cooperatives inNew Mexico, 18 in eight in Wyoming and six in Nebraska, which in turn provide electricityh to about 1.4 million consumers.
Thursday, July 19, 2012
Wednesday, July 18, 2012
Date set for Allmendinger's 2nd drug test - Fox News
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Date set for Allmendinger's 2nd drug test Fox News It's scheduled to take place at the Aegis Analytical Laboratories in Nashville, Tenn. Allmendinger was suspended hours before the July 7 race at Daytona for failing a random drug test taken at the end of June. He has said he tested positive for a ... |
Monday, July 16, 2012
Shareholders Have Hammer to Smash Too-Big-to-Fail Banks - Bloomberg
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Shareholders Have Hammer to Smash Too-Big-to-Fail Banks Bloomberg Ever since the financial crisis began, the U.S. has struggled to address the problem of banks that are deemed too big to fail, those that would need a government bailout if they were about to collapse because they might take down the economy. |
Sunday, July 15, 2012
Centocor exploring end to Remicade distribution deal with Schering-Plough - Puget Sound Business Journal (Seattle):
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The distribution agreement covers sales in foreigh marketsof Centocor’s Remicade rheumatoid arthritis therapy and its recently approve d arthritis drug Simponi. Remicade generated sales of $2.8 billion last year for of Horsham, Pa. Centocor is a subsidiary of ofNew Brunswick, N.J. Schering-Plough (NYSE:SGP) posted revenue of more than $2 billiohn from Remicade saleslast year. The agreement allows Centocor to terminate the deal if therwe isa “change in control” in the governance of Merck and Schering-Plough attempted to structuree their deal as a reverse merger to avoid that from Centocor’s request for arbitration was disclosed in a filing by Schering-Plougyh to the Securities & Exchange Commission relatedx to the proposed merger.
In the filing, Merck (NYSE:MRK) and Schering-Plough said they will “vigorouslg contest” any Centocor effort to end thedistribution
The distribution agreement covers sales in foreigh marketsof Centocor’s Remicade rheumatoid arthritis therapy and its recently approve d arthritis drug Simponi. Remicade generated sales of $2.8 billion last year for of Horsham, Pa. Centocor is a subsidiary of ofNew Brunswick, N.J. Schering-Plough (NYSE:SGP) posted revenue of more than $2 billiohn from Remicade saleslast year. The agreement allows Centocor to terminate the deal if therwe isa “change in control” in the governance of Merck and Schering-Plough attempted to structuree their deal as a reverse merger to avoid that from Centocor’s request for arbitration was disclosed in a filing by Schering-Plougyh to the Securities & Exchange Commission relatedx to the proposed merger.
In the filing, Merck (NYSE:MRK) and Schering-Plough said they will “vigorouslg contest” any Centocor effort to end thedistribution
Friday, July 13, 2012
Broadway renews Matrix, MultiPlan leases - Dayton Business Journal:
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The private real estate investment and managementf firm is renegotiating leases with tenantx at the same time it is trying to clear up debt issuees withits lender. Broadway, whicy lost ownership of the Hancoc k Tower after it defaulted ona loan, has debt that matureas this month. The financinv in question is secured byseverao properties, including the 980,000-square-foot Bay Colony. Broadway is in discussionse with lenders to renegotiate the terms ofthe loan.
Broadwayu was given an extension on the which was due earlierthis month, accordingb to a source with knowledge of the However, the landlord renewed MultiPlan which leases 105,062 square and Matrix Partners, which leasew 11,421 square feet, at the office CB Richard Ellis represented MultiPlan. DTZ/FHO Partners representedf Broadway Partners and Matrix in the lease Broadway acquired Bay Colony from Beacon Capital Partners LLC in May 2007 as part of a largee portfolioof assets. The four-building complex offics park sits ona 58-acre site overlooking Route 128.
The private real estate investment and managementf firm is renegotiating leases with tenantx at the same time it is trying to clear up debt issuees withits lender. Broadway, whicy lost ownership of the Hancoc k Tower after it defaulted ona loan, has debt that matureas this month. The financinv in question is secured byseverao properties, including the 980,000-square-foot Bay Colony. Broadway is in discussionse with lenders to renegotiate the terms ofthe loan.
Broadwayu was given an extension on the which was due earlierthis month, accordingb to a source with knowledge of the However, the landlord renewed MultiPlan which leases 105,062 square and Matrix Partners, which leasew 11,421 square feet, at the office CB Richard Ellis represented MultiPlan. DTZ/FHO Partners representedf Broadway Partners and Matrix in the lease Broadway acquired Bay Colony from Beacon Capital Partners LLC in May 2007 as part of a largee portfolioof assets. The four-building complex offics park sits ona 58-acre site overlooking Route 128.
Thursday, July 12, 2012
Sysco meets analyst forecasts - Houston Business Journal:
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million, or 38 cents per share, for the 13-week period ended March 28, 2009. That comparerd with net earningsof $240.9 million, or 40 cents per for the same period ended Marcgh 29, 2009. Sales were down nearlhy 5 percent for the quarterto $8.7 billiob from $9.1 billion in the third quarter of 2008. Analysts polled by Thomsonb Reuters expectedSysco (NYSE: SYY) to have net earnings per shared of 38 cents. “We are pleased to have grow operating income during the first nine months of fiscal Bill DeLaney, chief executiv e officer, said in a statement.
“Oufr third-quarter results reflect the increasingly difficult market environment that has developed as our fiscal yearhas Nevertheless, we are encouraged by our operating ongoing ability to provide excellent customer servic while managing costs effectively.’’
million, or 38 cents per share, for the 13-week period ended March 28, 2009. That comparerd with net earningsof $240.9 million, or 40 cents per for the same period ended Marcgh 29, 2009. Sales were down nearlhy 5 percent for the quarterto $8.7 billiob from $9.1 billion in the third quarter of 2008. Analysts polled by Thomsonb Reuters expectedSysco (NYSE: SYY) to have net earnings per shared of 38 cents. “We are pleased to have grow operating income during the first nine months of fiscal Bill DeLaney, chief executiv e officer, said in a statement.
“Oufr third-quarter results reflect the increasingly difficult market environment that has developed as our fiscal yearhas Nevertheless, we are encouraged by our operating ongoing ability to provide excellent customer servic while managing costs effectively.’’
Wednesday, July 11, 2012
Real deals: Airways Business Center sells for $7.27M - Baltimore Business Journal:
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County records show that the building, located at 2460 Airport Blvd., includews 162,000 square feet of space and was completedin 2007. The buyeer is El Prado Inn LLC ofSanta Calif. The four sellers are led by Pacificas Commercial RealEstate Group, also of Santsa Barbara, as Pacifica Airways II LLC. Pacifica’s portion of the sales priced was $4.75 million. The three other sellerw were California entities located in Los Angeles and Santa which each sold its part of the propertyfor $843,300. The partners acquired the warehouser in 2008for $8.56 million from Principalp Development Investors LLC of Des Moines, • 2305 Tremont Place, Denver 80205 Focus Investments Ltd.
of Denvee has sold this retail building at Tremont and Park Avenue Westfor $1 milliohn to Tremont Holdings LLC of Broomfield, according to Broomfieldd County real estate records. 3800 S. Federal Blvd., Englewood 80110 — A company affiliated with Denver developer Evan Makovskyu of Shames MakovskyRealty Co. has purchaser property in Englewood for according to Arapahoe County realestater records. The seller was First Nationakl Bank. • The Carillon at Boulder Boulder — Developer MGL Partners LLC of Denverf recently closeda $41. 1 million construction loan forthis 117-unit, senior-livin g project currently under construction.
The loan is part of the FederalkHousing Administration’s (FHA) 232 loan program, and was originated by AmeriSpheres Financial LLC and purchased by Evanston Financial Corp. The Carillon is scheduledx to be completed by late summeeof 2010. Its operating partner is One Eighty LLCof • Shops at Walnut U.S. Highway 36 and Church Ranch Boulevard, Westminster — Pine Tree Commercia l Realty LLCof Illinois, owner of this new shoppin g center, welcomed three new tenants in April — Dollar Tree (10,000 squarew feet), Famous Footwear (7,200 square feet) and Pacificx Dental (3,000 square feet). • 3455 Ringsby Court, Denver 80216 — Pilatez Aligned Inc.
has opened its new locatio n at ZeppelinDevelopment Inc.’zs mixed-use Taxi project in the River Northn Neighborhood. The Pilates exercisw studio’s first location is at 1110 Acoma St. in the Goldenb Triangle. • DecorAsian, 1787 S. Broadway, Denver 80210 This store recently opened in the old ChaierKing location. Owner Rusty Stafcf bought the building from Brownell Bailehy in Februaryfor $1.25 according to Denver Countu property records.
County records show that the building, located at 2460 Airport Blvd., includews 162,000 square feet of space and was completedin 2007. The buyeer is El Prado Inn LLC ofSanta Calif. The four sellers are led by Pacificas Commercial RealEstate Group, also of Santsa Barbara, as Pacifica Airways II LLC. Pacifica’s portion of the sales priced was $4.75 million. The three other sellerw were California entities located in Los Angeles and Santa which each sold its part of the propertyfor $843,300. The partners acquired the warehouser in 2008for $8.56 million from Principalp Development Investors LLC of Des Moines, • 2305 Tremont Place, Denver 80205 Focus Investments Ltd.
of Denvee has sold this retail building at Tremont and Park Avenue Westfor $1 milliohn to Tremont Holdings LLC of Broomfield, according to Broomfieldd County real estate records. 3800 S. Federal Blvd., Englewood 80110 — A company affiliated with Denver developer Evan Makovskyu of Shames MakovskyRealty Co. has purchaser property in Englewood for according to Arapahoe County realestater records. The seller was First Nationakl Bank. • The Carillon at Boulder Boulder — Developer MGL Partners LLC of Denverf recently closeda $41. 1 million construction loan forthis 117-unit, senior-livin g project currently under construction.
The loan is part of the FederalkHousing Administration’s (FHA) 232 loan program, and was originated by AmeriSpheres Financial LLC and purchased by Evanston Financial Corp. The Carillon is scheduledx to be completed by late summeeof 2010. Its operating partner is One Eighty LLCof • Shops at Walnut U.S. Highway 36 and Church Ranch Boulevard, Westminster — Pine Tree Commercia l Realty LLCof Illinois, owner of this new shoppin g center, welcomed three new tenants in April — Dollar Tree (10,000 squarew feet), Famous Footwear (7,200 square feet) and Pacificx Dental (3,000 square feet). • 3455 Ringsby Court, Denver 80216 — Pilatez Aligned Inc.
has opened its new locatio n at ZeppelinDevelopment Inc.’zs mixed-use Taxi project in the River Northn Neighborhood. The Pilates exercisw studio’s first location is at 1110 Acoma St. in the Goldenb Triangle. • DecorAsian, 1787 S. Broadway, Denver 80210 This store recently opened in the old ChaierKing location. Owner Rusty Stafcf bought the building from Brownell Bailehy in Februaryfor $1.25 according to Denver Countu property records.
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