On Wednesday, American Electric Power Company Inc (NYSE:AEP)’s shares inclined 0.04% to $53.01.
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.
GameStop Corp. (NYSE:GME)’s shares gained 1.53% to $41.81.
GameStop Ireland is launching Zing Pop Culture, the kings of cool that lead the way in offering every type of pop culture “loot” imaginable, from kid classics like Pokemon and Disney toys, to hard-core collectibles from Marvel, Star Wars and more.
GameStop Ireland has introduced the Zing Pop Culture range of products into its 50 stores across the country, in addition to launching a dedicated store within GameStop’s flagship store on Dublin’s Henry Street.
Zing Pop Culture, Henry Street, will officially open at 11:00 a.m. on Saturday 8th August and the first 40 customers in-store will receive a €25 voucher to spend towards whatever “loot” they like. Superhero celebrities will be on hand to entertain the crowd and customers will enjoy ‘Big Kid Canapés’ and juice boxes, while radio station Spin 103.8 spins some tunes from the greatest pop culture movies ever made.
GameStop Corp. operates as a multichannel video game retailer. It sells new and pre-owned video game hardware; physical and digital video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, memory cards, and other add-ons for use with video game hardware and software; and digital products, counting downloadable content, network points cards, prepaid digital and online timecards, and digitally downloadable software.
At the end of Wednesday’s trade, Oceaneering International (NYSE:OII)‘s shares surged dipped 0.02% to $40.82.
Oceaneering International, Inc. (OII) declared that its Board of Directors declared a regular quarterly dividend of $0.27 per common share. The dividend is payable September 18, 2015 to shareholders of record at the close of business on August 28, 2015.
Oceaneering is a global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.
Oceaneering International, Inc. provides engineered services and products primarily to the offshore oil and gas industry worldwide. The company’s Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drilling support in the oil and gas industry; and subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair services. As of December 31, 2014, this segment owned a fleet of 336 ROVs.
Chico’s FAS, Inc. (NYSE:CHS), ended its Wednesday’s trading session with 0.60% gain, and closed at $14.97.
Chico’s FAS, Inc. (CHS) declared that its Board of Directors declared a quarterly cash dividend of $0.0775 per share of its common stock, a 3.3% enhance over the dividend rate from September 2014. The dividend is payable on September 28, 2015 to Chico’s FAS shareholders of record at the close of business on September 14, 2015.
Chico’s FAS, Inc. operates as an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items. The company’s portfolio of brands comprises of Chico’s, White House|Black Market (WH|BM), Soma Intimates (Soma), and Boston Proper. The Chico’s brand sells private branded clothing; and accessories, such as handbags, belts, scarves, earrings, necklaces, and bracelets focusing on women of age 40 and over.
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