On Tuesday, American Electric Power Company Inc (NYSE:AEP)’s shares declined -1.58% to $54.72.
American Electric Power (AEP) declared that 7,209 megawatts (MW) of the company’s unregulated generation fleet in the PJM Interconnection cleared the capacity auction for the 2018-2019 delivery year, representing all of the capacity that AEP Generation Resources bid into the auction. Auction results were declared Aug. 21 at a clearing price of $164.77/megawatt-day. This auction was the first held under PJM’s new capacity performance system, designed to encourage investment in power plants and strengthen the reliability of the electric grid.
PJM also held two transitional auctions to incorporate capacity performance into its previous auctions for the 2016-2017 and 2017-2018 delivery years. In the 2016-2017 transitional auction accomplished Aug. 31, AEP Generation Resources cleared 7,169 MW at $134/megawatt-day. This replaces the original capacity auction clearing price of $59/megawatt-day for 2016-2017. AEP Generation Resources cleared 6,495 MW at $151.50/megawatt-day in the 2017-2018 transitional auction results declared Sept. 9, replacing the original auction clearing price of $120/megawatt-day.
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. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants.
Marsh & McLennan Companies, Inc. (NYSE:MMC)’s shares dropped -1.42% to $52.90.
Marsh & McLennan Companies, Inc. (MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, declared the appointment of Mark McGivney as Chief Financial Officer, effective January 1, 2016. Mr. McGivney will report to Marsh & McLennan Companies’ President & CEO Dan Glaser and join the Company’s Executive Committee.
Marsh & McLennan Companies, Inc., a professional services firm, provides advice and solutions primarily in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services; and Consulting.
At the end of Tuesday’s trade, Yandex NV (NASDAQ:YNDX)‘s shares dipped -5.16% to $11.57.
Yandex (YNDX), one of the largest European internet companies and the leading search provider in Russia, has developed a technology for active protection of Yandex.Browser users. Called ‘Protect’, it comprises of a set of mechanisms that provide protection from the most common online dangers: phishing, malware, and interception of personal data. Yandex’s new technology prevents potential threats rather than trying to repair the damage after it has been done.
Protect keeps users’ personal data safe when they use an open Wi-Fi network, for example, in a cafe or an airport. Such netoperates are widespread and convenient, but they can be dangerous because users’ information can be easily intercepted. Protect routes Yandex.Browser traffic through a protected server, so that intercepting the data is impossible. The technology also blocks phishing sites — resources disguised as social netoperates or internet banking sites with the purpose of intercepting users’ personal data. If a user enters their login and password on such a site, Protect blocks the transmission of the data and warns of the danger. Protect also makes sure users do not go to sites with malicious code and automatically checks files downloaded from the internet for any viruses. If a file turns out to be dangerous, Protect does not allow it to be opened and harm the user’s device. The technology is described in more detail on Yandex’s blog (in Russian).
Yandex N.V. operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices; and localized homepages for specific geographic markets .
Zayo Group Holdings Inc (NYSE:ZAYO), ended its Tuesday’s trading session with -2.93% loss, and closed at $26.47.
Zayo Group Holdings, Inc. (ZAYO), a global provider of bandwidth infrastructure, recently declared that it has reached a contract with certain of its stockholders to amend and extend the transfer restrictions under the Stockholders Agreement dated as of October 22, 2014. Holders of about 177 million shares of Zayo common stock are subject to the Stockholders Agreement, as amended.
The transfer restriction provisions of the original agreement were planned to expire on October 23, 2015. The amendment extends the transfer restrictions for an additional year and provides for periodic partial releases starting with the immediate release of about 21 million shares followed by graduated periodic releases of restrictions between November 15, 2015 and the final transfer restriction release date of October 23, 2016.
Permitted transfers during the restriction period were also expanded by the amendment and now comprise distributions to limited partners and sales through certain coordinated block trades, in addition to registered public offerings following the original agreement.
Zayo Group Holdings, Inc., through its auxiliaries, provides bandwidth infrastructure solutions for the communications industry in the United States and Europe. The company operates in three segments: Physical Infrastructure, Cloud and Connectivity, and Other.
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