On Wednesday, Shares of Solar City Corp (NASDAQ:SCTY), gained 0.31% to $51.48.
Solar City, declared that as a result of the decision by the Nevada Public Utilities Commission to severely undermine Nevadans’ ability to go solar, the company is ceasing solar sales and installation in the state effective right away.
“This is a very difficult decision but Governor Sandoval and his PUC leave us no choice. The people of Nevada have consistently chosen solar, but yesterday their state government decided to end customer choice, damage the state’s economy, and jeopardize thousands of jobs,” said SolarCity CEO Lyndon Rive. “The PUC has protected NV Energy’s monopoly, and everyone else will lose. We have no alternative but to cease Nevada sales and installations, but we will fight this flawed decision on behalf of our Nevada customers and employees.”
Governor Sandoval’s Office of Economic Development assisted bring SolarCity to Nevada in 2013, and encouraged the company to create local jobs. Accepting the Governor’s invitation, the company expanded to Nevada and has hired more than 2,000 local workers in just over two years. The state also created a rebate program to entice Nevadans to go solar, and many chose to do so. The rooftop solar industry assisted Nevada become number one in the nation in solar jobs per capita in 2014. With abundant sunshine and a populace eager to adopt solar energy and save on electricity bills, the industry was poised to become a cornerstone of the state’s innovation economy.
Solar City Corporation designs, manufactures, installs, maintains, monitors, leases, and sells solar energy systems to residential, commercial, government, and other customers in the United States. It offers solar energy systems; solar lease and power purchase agreement finance products; mounting hardware for photovoltaic panels; and related software, in addition to develops a proprietary battery administration system, which is designed to enable remote, bidirectional control of distributed energy storage that can provide benefits to customers, utilities, and grid operators.
Shares of Xcel Energy Inc (NYSE:XEL), inclined 1.47% to $35.85, during its last trading session.
Xcel Energy (XEL) and SunPower Corp. (SPWR), declared the commercial operation of the 50-megawatt Hooper solar photovoltaic (PV) power plant in Colorado’s San Luis Valley. Xcel Energy is purchasing the power generated by the plant at cost-competitive rates under a power purchase agreement with SunPower. The utility estimates that the plant is generating enough electricity to serve the needs of about 13,500 average Colorado homes.
“This expansion of our renewable portfolio in Colorado is yet another example of how Xcel Energy brings solar power to its customers,” said David Eves, president of Public Service Co. of Colorado, an Xcel Energy company. “We are adding large scale solar that competes with and surpasses other forms of generation alternatives, in terms of price, over the life of the project. This benefits all of our customers - both environmentally and economically.”
Sun Power designed and constructed the plant, and is now operating and maintaining it onsite, and monitoring power production from the company’s remote operations control center in Austin, Tex. More than 150 jobs were created at the project site during peak construction.
Xcel Energy Inc., through its auxiliaries, engages primarily in the generation, purchase, transmission, distribution, and sale of electricity in the United States. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments.
Finally, Marathon Petroleum Corp (NYSE:MPC), ended its last trade with 2.15% gain, and closed at $52.71.
Marathon Petroleum Corporation (MPC) President and Chief Executive Officer Gary R. Heminger recently declared changes in the company`s senior administration structure that will be effective Jan. 1, 2016.
Donald C. Templin, executive vice president, Supply, Transportation and Marketing, has been named president, MPLX (MPLX). Templin will continue to report to Heminger and remain an executive vice president of MPC. He will be located in Findlay.
Also effective Jan. 1, Pamela K. M. Beall, MPC`s senior vice president, Corporate Planning, Government and Public Affairs, will become executive vice president, Corporate Planning and Strategy at MPLX, reporting to Templin. She will also remain in Findlay.
Marathon Petroleum Corporation, together with its auxiliaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Pipeline Transportation.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
