On Monday, American Electric Power Company Inc (NYSE:AEP)’s shares inclined 2.09% to $55.74.
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.
CA, Inc. (NASDAQ:CA)’s shares dropped -1.13% to $28.75.
CA Technologies (CA) will webcast its 2015 Annual Meeting of Stockholders on Wednesday, August 5, 2015 at 10 a.m. ET.
What: 2015 Annual Meeting of Stockholders
When: Wednesday, August 5, 2015 at 10 a.m. ET
Where: One CA Plaza, Islandia, N.Y.
CA, Inc. provides information technology (IT) administration software and solutions that assist organizations plan, develop, manage, and secure applications and IT infrastructure in the United States and internationally. The company operates through three segments: Mainframe Solutions, Enterprise Solutions, and Services. The Mainframe Solutions segment’s products portfolio comprise systems and database administration, automation, application development, and security; and technologies comprise CA Application Lifecycle Conductor and vStorm Connect Data Streaming for big data. Its products are designed primarily for the IBM System z mainframe platform. The Enterprise Solutions segment provides products that operate primarily on non-mainframe platforms.
At the end of Monday’s trade, New York Mortgage Trust Inc (NASDAQ:NYMT)‘s shares dipped -1.46% to $7.43.
New York Mortgage Trust Inc (NYMT) declared that its Board of Directors declared a regular quarterly cash dividend of $0.27 per share on shares of its common stock for the quarter ending June 30, 2015. The dividend will be payable on July 27, 2015 to common stockholders of record as of June 29, 2015.
New York Mortgage Trust, Inc., a real estate investment trust (REIT), engages in acquiring, investing in, financing, and managing mortgage-related and financial assets in the United States. It primarily invests in residential mortgage-backed securities comprising adjustable-rate, hybrid adjustable-rate, fixed-rate, interest only and inverse interest only, and principal only mortgage-backed securities; multifamily commercial mortgage-backed securities; and residential mortgage loans, counting loans sourced from distressed markets.
TD Ameritrade Holding Corp. (NYSE:AMTD), ended its Monday’s trading session with -1.97% loss, and closed at $36.25.
TD Ameritrade, Inc. a broker-dealer partner of TD Ameritrade Holding Corporation (AMTD), is recently introducing Trade Finder, a breakthrough trading technology that surfaces potential option trades based on client market expectations. Accessible on Trade Architect®, the award-winning Web-based trading application, clients can breakdown and analyze each potential trade with precision and build confidence along the way with easy to use interactive walk-throughs. Simple explanations describe strategy objectives, and access to assist is conveniently located on-screen.
TD Ameritrade Holding Corporation provides securities brokerage services and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services comprise tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform that enables active investors and traders identify opportunities and stay informed; thinkorswim, a desktop platform for trading; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts from Web-enabled mobile devices.
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