On Monday, FirstEnergy Corp. (NYSE:FE)’s shares declined -1.13% to $33.29.
JCP&L is a partner of FirstEnergy Corp. (FE). Jersey Central Power & Light (JCP&L) has accomplished a $10 million substation expansion project in West Amwell Township, adding resiliency to the electric system and enhancing reliability for customers in the surrounding area.
Benefiting 75,000 customers in Hunterdon County and the Hopewell Township area of Mercer County, the expanded substation comprises: a 120-ton transformer to convert voltage levels; four new circuit breakers to protect vital equipment; and technology to prevent widespread outages. Crews also installed a new half-mile section of 230-kilovolt transmission line with five monopoles.
The work is part of JCP&L’s formerly-declared plans to spend about $267 million in 2015 to enhance and maintain a strong electrical system and assist meet future growth in its 13-county service area.
FirstEnergy Corp., through its auxiliaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates fossil, coal-fired, nuclear, oil and natural gas, wind and solar power, and hydroelectric generating facilities. The company also provides energy-related products and services to wholesale and retail customers.
Cloud Peak Energy Inc. (NYSE:CLD)’s shares dropped -3.86% to $4.48.
Cloud Peak Energy Inc. (CLD) from larger companies in the coal-producing sector (KOL), counting Peabody Energy (BTU), Alpha Natural Resources (ANR), and Arch Coal (ACI). As of March 31, 2015, the company had debt of $498 million. Of this total, $298 million is maturing in 2019. The remaining debt will mature in 2024.
Being a pure-play Powder River Basin coal producer (KOL) gives the company a distinct advantage. The Powder River Basin is the lowest-cost coal producing region in the US. The Powder River Basin operations of major coal producers counting Alpha Natural Resources (ANR) and Peabody Energy (BTU) are actually generating cash.
Another reason for Cloud Peak Energy’s lower debt levels is that it didn’t aggressively acquire coal assets in 2011, when coal prices were high and the outlook for the industry appeared positive.
Cloud Peak Energy Inc., through its auxiliaries, produces coal in the Powder River Basin (PRB) and the United States. The company operates through Owned and Operated Mines, Logistics and Related Activities, and Corporate and Other segments. It produces and sells sub-bituminous thermal coal with low sulfur content primarily to electric utilities operating in the United States and internationally.
At the end of Monday’s trade, Netflix, Inc. (NASDAQ:NFLX)‘s shares dipped -1.05% to $645.02.
Netflix, Inc. (NFLX) declared it will post its second-quarter 2015 financial results and business outlook on its investor relations website at http://ir.netflix.com on Wednesday, July 15, 2015, at about 1:05 p.m. Pacific Time. At that time the company will issue a brief advisory release via newswire containing a link to the second-quarter 2015 financial results and letter to shareholders on its website.
Netflix Chief Executive Officer Reed Hastings, Chief Financial Officer David Wells and Chief Content Officer Ted Sarandos will host a live video talk aboution about the Company’s financial results and business outlook at 1:30 p.m. Pacific Time.
Netflix, Inc., an Internet television network, engages in the Internet delivery of TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally. The company operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. It also provides DVDs-by-mail membership services.
Nimble Storage Inc (NYSE:NMBL), ended its Monday’s trading session with 6.91% gain, and closed at $30.63.
Nimble Storage Inc (NMBL) the flash storage solutions company, declared that Grant Street Group has selected the Nimble Adaptive Flash Platform to replace its storage environment that compriseed of legacy storage together with an all-flash system. As a result of deploying Nimble’s CS200 and CS700 Series arrays, the Group has realized the performance required to support a mix of workloads, ranging from large-capacity/slow-performance applications to extremely low latency/high-I/O applications, all on a single platform. In addition, the Group was able to reduce its data center footprint by 50%, and gained the ability to proactively monitor and manage its storage environment.
Grant Street Group develops and administers web sites used by US government entities and financial institutions to conduct auctions and process high-volume, complex financial transactions over the cloud. Utilizing a software-as-a-service (SaaS) model, the Group provides its clients with access to the latest technologies from any location with Internet access, resulting in saved time, money, and staff resources. The Group’s IT team formerly relied on storage solutions from several vendors to support its mixed workload environment, but was unable to find the right combination of products to support the company’s complex environment. The Group’s legacy storage system didn’t provide sufficient performance or capacity, and lacked redundancy; and the all-flash system offered high performance, but was unreliable and expensive.
Nimble Storage, Inc. provides flash-optimized storage platforms. The company’s software and storage systems handle various mainstream applications, counting virtual desktops, databases, email, collaboration, and analytics. It offers systems that provide adaptive performance for high-I/O applications and high-capacity environments, counting Exchange, Oracle, SharePoint, SQL Server, virtual desktop infrastructure, and server virtualization.
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