During Tuesday’s current trade, American Electric Power Company Inc (NYSE:AEP)’s shares decline -0.19% to $53.56.
Affiliates of American Electric Power (AEP), Berkshire Hathaway Energy, Duke Energy (DUK), Edison International (EIX), Eversource Energy (ES), Exelon (EXC), Great Plains Energy (GXP), and Southern Company (SO) have signed a memorandum of understanding to pursue development of Grid Assurance™, a limited liability company that expects to offer subscribers cost-effective solutions for enhancing grid resiliency and protecting customers from prolonged transmission outages.
As proposed, Grid Assurance will own and provide subscribers with timely access to an inventory of emergency spare transmission equipment that can otherwise take months to acquire. Grid Assurance filed a petition with the Federal Energy Regulatory Commission (FERC) late yesterday seeking confirmation that this service can be part of a transmission-owning entity’s strategy to effectively address grid resiliency mandates. Grid Assurance will not be FERC regulated, but plans to charge cost-based subscription fees, similar to FERC-regulated transmission formula rates. Cost-based subscription fees are expected to facilitate subscribers’ ability to recover expenses.
Restoration of the transmission grid can be hampered by long lead times required to design, build and deliver critical replacement equipment including large transformers, circuit breakers and other specialized electrical equipment. As proposed, Grid Assurance will be more cost-effective than companies independently securing emergency spare equipment for high-impact, low-frequency events due to economies of scale, diversification and improved logistics.
American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. The company generates electricity using coal and lignite, natural gas, nuclear, and hydroelectric and other energy sources.
Crown Castle International Corp (NYSE:CCI)‘s shares gain 0.12% to $82.74, during the current trading session Tuesday’s, hitting its highest level.
Crown Castle International Corp (CCI) declared that its Board of Directors has declared a quarterly cash dividend of $0.82 per common share. The quarterly dividend will be payable on June 30, 2015 to common stockholders of record at the close of business on June 19, 2015. Future dividends are subject to the approval of the Company’s Board of Directors.
Crown Castle International Corp., together with its auxiliaries, owns, operates, and leases shared wireless infrastructure in the United States and Australia. The company provides towers and other structures, such as rooftops; and distributed antenna systems, a type of small cell network (small cells).
In an afternoon trade, Cytori Therapeutics Inc (NASDAQ:CYTX)‘s shares plunge -1.53% to $0.650.
Cytori Therapeutics, Inc. (CYTX) declared that enrollment has been accomplished in its US Phase IIb Osteoarthritis trial. The ACT-OA trial is a double-blind randomized, placebo-controlled trial evaluating the safety, feasibility and dosing of intraarticular administration of Cytori’s ECCO-50 cellular therapeutic in patients with knee osteoarthritis. A total of 94 patients were enrolled as of June 12, 2015.
The availability of safety and efficacy data in Q1 2016 will lead to informed decisions and talk aboutions with the FDA regarding the study design and size of an osteoarthritis Phase III program with Cytori Cell Therapy.
Cytori Therapeutics, Inc., a biotechnology company, develops cell therapeutics for specific diseases and medical conditions. The company primarily provides Cytori Cell Therapy comprising of a heterogeneous population of specialized cells, counting stem cells for the treatment of patients with scleroderma hand dysfunction, orthopedic disorders, cardiovascular disease, urinary incontinence, and thermal burns combined with radiation injury.
Boulder Brands Inc (NASDAQ:BDBD), during its Tuesday’s current trading session -0.58% loss and closed at $6.78.
Boulder Brands Inc (BDBD) declared CEO Stephen Hughes has resigned effective right away and guided below expectations for the 2015 second quarter.
Boulder Brands has placed COO James Leighton in the position of interim CEO as they search for a replacement for Hughes.
Additionally, the company issued guidance for its 2015 second quarter. On a non-GAAP basis Boulder is expecting flat earnings to an income of 2 cents per share. Analysts have forecast for earnings of 4 cents per share.
Boulder’s sales guidance for the 2015 second quarter is in a range between $122 million and $124 million. Analysts are anticipating second quarter sales of $135.98 million.
Boulder Brands Inc. provides health and wellness food solutions in the United States and Canada. The company operates in two segments, Natural and Balance. The Natural segment provides gluten free bread and baked goods, and frozen pizza and granola under the Udi’s brand name; shelf stable and frozen gluten free products, counting snack foods, frozen baked goods, and baking mixes under the Glutino brand name; and burritos, meals, and quesadillas under the EVOL brand name.
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