On Friday, Shares of SunEdison, Inc. (NYSE:SUNE), lost -3.48% to $29.97, hitting its highest level.
On May 27, SunEdison declared the successful completion and interconnection of the South Milford solar facility in Milford, Utah . The 3.8 megawatt DC facility is now the largest operating solar power plant in Utah . TerraForm Power attained the solar power plant from its Call Right Projects List.
PacifiCorp, an electric utility that serves 1.8 million customers in six western states, will purchase the electricity according to its obligation under the federal Public Utilities Regulatory Policies Act. The purchase agreements and the price of the electricity were approved by the Utah Public Service Commission to ensure a fair price for PacifiCorp customers.
The South Milford plant is predictable to generate enough electricity to power more than 500 homes, and should eliminate the emission of more than 12 million pounds of carbon dioxide per year, the equivalent of taking more than 1,200 cars off the road. PacifiCorp will purchase the electricity via a SunEdison 20-year power purchase agreement, which enables customers to lock-in low priced electricity at long term predictable prices.
Operation and maintenance of the solar power plant will be performed by SunEdison Services, which provides global 24/7 asset administration, monitoring and reporting services.
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials. The Solar Energy segment provides solar energy services that integrate the design, installation, financing, monitoring, operations, and maintenance portions of the downstream solar market. It also manufactures polysilicon, silicon wafers, and solar modules.
Shares of Paramount Group, Inc. (NYSE:PGRE), declined -2.19% to $18.34, during its last trading session.
On May 7, Paramount Group stated results for the quarter ended March 31, 2015.
First Quarter Highlights:
- Stated Core Funds from Operations (“Core FFO”) attributable to Paramount Group, Inc. of $39.0 million, or $0.18 per diluted share, for the quarter ended March 31, 2015.
- Leased 155,828 square feet at a weighted average initial rent of $75.70 per square foot.
- Manhattan leased percentage raised to 95.5% at March 31, 2015, up 110 basis points from December 31, 2014. Portfolio leased percentage raised to 94.6% at March 31, 2015, up 70 basis points from December 31, 2014.
- On March 27, 2015 the Company paid a cash dividend of $0.039 per share for the 38-day period following the completion of the Company’s initial public offering and ending on December 31, 2014.
- On March 30, 2015 the Company paid a regular quarterly cash dividend of $0.095 per share for the first quarter ended March 31, 2015.
Paramount Group, Inc. is based in the United States. Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City, Washington, D.C. and San Francisco.
At the end of Friday’s trade, Shares of Chevron Corporation (NYSE:CVX), lost -0.23% to $103.
Chevron Products Company, a Chevron U.S.A. Inc. division, declared that after 39 years of service, James (Jim) McGeehan, Consulting Scientist for Delo® Heavy Duty Engine Oils has elected to retire from Chevron effective June 30, 2015.
Jim began his career with Chevron in 1976 as a Research Engineer in Chevron Research Company. During his tenure, he has served as the Global Manager of Diesel Engine Oil Technology and was responsible for all global heavy-duty engine oil development and coordinating all diesel engine programs for Chevron’s lubricants businesses. He led the team responsible for the successful development of Chevron Delo 400, which is now a global product meeting worldwide requirements. Jim and his extended formulating team were recently honored by the Society of Automotive Engineers (SAE) for an Award for Research on Automotive Lubricants for the best technical paper related to the Adaption of Lubricants, Lubricated Automotive Systems or Components - SAE Paper 2012-01-1709 (published 2012) in April 2014.
A member of the Institution of Mechanical Engineers in the UK since 1971, designated a SAE Fellow in 1989 and a Chevron Fellow in 2002, over the past 20 years, Jim has trained Chevron marketers and new employees on benefits of Delo 400 technology. As a Chevron Fellow he has offered mentoring, counting the development of skills for delivering technical presentations. He also served as Chairman of the ASTM Heavy-Duty Engine Oil Classification Panel since 1987, and he and his team have been responsible for establishing progressively improved Heavy Duty Motor oil categories that assisted enhance engine durability and reduce emissions. He successfully led the introduction of seven categories from API CE through CJ-4 and in 2002 was selected “Person of the Year” by Lubricants World Publication. He has also been involved in final development of the Projected Category 11 (PC-11) requirements that license on December 1st, 2016.
Chevron Corporation, through its auxiliaries, engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, in addition to holds interest in a gas-to-liquids plant.
Finally, Pepco Holdings, Inc. (NYSE:POM), ended its last trade with 0.44% gain, and closed at $27.25.
White House and U.S. Department of Energy officials are recognizing Pepco and other key partners in the effort to make America’s buildings more energy efficient. Pepco’s commercial program manager for demand side administration, Manuel Vera, received personal recognition for his leadership at a White House ceremony Wednesday night.
Vera implements the company’s initiative that makes it easier for building owners to access and understand energy data for the whole building and enable energy performance benchmarking. This also provides opportunities to improve energy and cost efficiencies.
The recognition is part of the DOE’s 2015 Better Buildings Summit, an annual conference showcasing the best practices in energy efficiency. Pepco and other leading organizations are gathering this week to showcase solutions that cut energy intensity in buildings and plants by 20 percent over the next 10 years.
Pepco’s Resource Advisor is an energy data administration tool accessible to commercial customers, building owners and property owners in the company’s District of Columbia and Maryland service territories. This tool allows building owners to retrieve utility data for the purpose of whole-building energy performance benchmarking.
Pepco Holdings, Inc., through its auxiliaries, engages in the transmission, distribution, and supply of electricity. The company also distributes and supplies natural gas. In addition, the company designs, constructs, and operates energy projects and distributed generation equipment, counting combined heat and power plants principally for federal, state, and local government customers.
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