On Friday, Shares of Duke Energy Corp (NYSE:DUK), gained 1.21% to $67.04.
Grid Assurance, filed its second petition with the Federal Energy Regulatory Commission (FERC) seeking additional declarations that will provide regulatory clarity to further enable transmission-owning entities to take part in and subscribe to the service to strengthen transmission grid resiliency.
Eight electric utilities and energy companies declared June 10 that they had signed a memorandum of understanding to pursue development of Grid Assurance™, a limited liability company that anticipates to offer subscribers cost-effective solutions for enhancing transmission grid resiliency and protecting customers from prolonged transmission outages. In an Aug. 7 order, FERC recognized the benefits of Grid Assurance™. The consortium has since developed a Subscription Agreement and now is seeking additional regulatory clarity from FERC to enable broader transmission owner participation.
Associates 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) are pursuing development of Grid Assurance™, a limited liability company, to offer subscribers cost-effective solutions for enhancing transmission grid resiliency. Recovery of the transmission grid can be hampered by long lead times required to build and deliver critical replacement equipment counting large transformers, circuit breakers and other specialized electrical equipment. Grid Assurance™ will give subscribers economical access to critical equipment faster than traditionally possible.
Duke Energy Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power.
Shares of Canadian National Railway (USA) (NYSE:CNI), declined -0.97% to $56.94, during its last trading session.
Canadian National Railway, declared that it has amended its agreement declared on Oct. 27, 2015, with a third party to repurchase common shares under a specific share repurchase program during the term of CN’s normal course issuer bid. The maximum number of common shares to be purchased by CN from that third party has been raised from 4,000,000 to 5,175,000 common shares, in accordance with the terms of an issuer bid exemption order issued by the Ontario Securities Commission.
Canadian National Railway Company, together with its auxiliaries, engages in rail and related transportation business in North America. It offers transportation services that comprise rail, intermodal container, and trucking services; and supply chain solutions, counting warehousing and distribution, cargoflo, logistics parks, freight forwarding, customs brokerage service, industrial development, and marine services.
Finally, Shares of Orange SA (ADR) (NYSE:ORAN), ended its last trade with 0.06% gain, and closed at $16.73.
The United States is the first commercial market to receive two innovative telematics devices that apply aerospace technology to land navigation. Way Ray Navion is an augmented reality navigation system that projects holographic GPS imagery and driver notifications onto the windshield of a car, a first-of-its-kind for the automobile aftermarket. Way Ray Element is a smart tracker that can be plugged into the diagnostics port of any automobile for monitoring driver performance, safety and fuel efficiency. The solutions arrive courtesy of Way Ray, a Swiss startup dedicated to the advancement of connected car telematics, and Orange Business Services, a B2B global telecom operator and IT solutions integrator.
Orange Business Services is supplying wireless connectivity and service administration across Way Ray’s entire U.S. fleet. This allows cars employing Way Ray Navion and Way Ray Element to receive, send, track and display data. The scope of Orange’s international network ensures 24/7 access and quality of service anywhere in the U.S. with an option that would allow Way Ray to easily expand to other regions of the world, such as Asia and Europe.
“These devices represent a giant leap forward in the concept of the connected car,” said Vitaly Ponomarev, Founder & CEO of Way Ray. “We’ve adapted cutting-edge aerospace R&D in augmented reality and analytics into easy-to-use commercial devices, and thanks to Orange Business Services we can cover any automobile in the United States. This is real innovation that can change the way cars are driven in the U.S., save lives and bring us one step closer to self-driving automobiles.”
Orange provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to consumers, businesses, and other telecommunications operators worldwide.