On Tuesday, Shares of CMS Energy Corporation (NYSE:CMS), lost -0.03% to $34.50.
The need for a Michigan-first energy plan to ensure reliability and protect customers is increasingly urgent in light of a new Michigan Agency for Energy report that 25 coal units in the state have or will shut down by 2020 due to age and current EPA regulations. The units comprise Consumers Energy’s 7 oldest coal plants which are shutting down by April 15, 2016.
However, he noted that Consumers Energy is not planning for the 800 megawatts (MW) of demand that is presently taking electric service from alternative electric suppliers. To put this in perspective, 800 MW is the size of a large power plant which would take about four to five years to site, permit and build. Under current Michigan law, some or all of these retail open access customers could return to the utility with as little as 60 days’ notice.
CMS Energy Corporation operates as an energy company primarily in Michigan, the United States. The company’s Electric Utility segment engages in the generation, purchase, distribution, and sale of electricity to residential, commercial, and various industrial customers in Michigan’s Lower Peninsula. It operates a network of coal, gas, hydroelectric, oil, and wind generation plants.
Shares of New York REIT Inc (NYSE:NYRT), inclined 0.89% to $10.18, during its last trading session.
New York REIT, Inc. (NYRT), declared that, following the preceding authorization of its board of directors, NYRT intends to continue payment of monthly distributions at an annualized rate of $0.46 per share or $0.115 per share on a quarterly basis. Distributions will be paid on a monthly basis to stockholders of record at the close of business on the eighth day of each month, payable on the 15th day of such month, in each case, unless such date is a non-business day. Accordingly, on October 15, 2015, November 13, 2015, and December 15, 2015, NYRT will pay a distribution of $0.038333333 per share to stockholders of record at the close of business on October 8, 2015, November 6, 2015, and December 8, 2015, respectively.
New York REIT, Inc. focuses on acquiring commercial real estate, in addition to acquiring properties or making other real estate investments that relate to office, retail, multi-family residential, industrial, and hotel property types located primarily in New York City. It intends to qualify as a real estate investment trust for the U.S. federal income tax purposes.
Shares of Cousins Properties Inc (NYSE:CUZ), inclined 0.50% to $9.08, during its last trading session.
Cousins Properties Incorporated (CUZ) declared that it has signed two new leases at Greenway Plaza in Houston, Texas totaling about 64,000 square feet.
The first lease is a ten year expansion and relocation with an existing Greenway Plaza customer. This customer, a financial firm headquartered in Houston, is moving from 44,000 square feet in 3800 Buffalo Speedway to 48,000 square feet in Greenway Plaza Three. In the second transaction, a publishing firm new to Greenway Plaza signed a seven and half year lease for 16,000 square feet at 3800 Buffalo Speedway.
Cousins Properties Incorporated, a real estate investment trust (REIT), owns, develops, and manages real estate portfolio, in addition to performs certain real estate-related services in the United States.
Finally, Navistar International Corp (NYSE:NAV), ended its last trade with -2.49% loss, and closed at $12.55.
The U.S. Army Contracting Command has awarded Navistar Defense a $369 million contract to provide 2,293 Medium Tactical Vehicles (MTVs) to build upon the Afghanistan National Security Force’s (ANSF) MTV Fleet. Production will commence right away, with deliveries starting in January 2016 and concluding in 2019.
Under the contract, Navistar Defense will provide general troop transport vehicles, water and fuel tankers, ammunition trucks, and wreckers in addition to a number of trucks with armored cabs. This fleet is based on the International® Operatestar®/7000-MV severe service vocational truck platform.
Production of the MTVs for ANSF will occur at Navistar’s assembly plants located in Springfield, Ohio and West Point, Mississippi.
Navistar International Corporation manufactures and sells commercial and military trucks, diesel engines, and school and commercial buses; and provides service parts for trucks and diesel engines worldwide.
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