Latest Legal News: BofA ‘Forecloses’ on a House Bought With Cash
The bank has gone after a Massachusetts couple’s future retirement home in Florida, for which they had paid cash. Despite protests from the couple, the bank came in, removed the couple’s belongings, changed the locks and turned off the utilities.
Continue reading Latest Legal News: BofA ‘Forecloses’ on a House Bought With Cash
Latest Legal News: BofA ‘Forecloses’ on a House Bought With Cash originally appeared on DailyFinance on Mon, 15 Feb 2010 15:00:00.
Filed Under: Company News, Columns, Bank of America
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Latest Legal News: BofA ‘Forecloses’ on a House Bought With Cash
Tags: america, changed-the, entry, filed-under, florida, foreclosures, from-the-couple, protests-from, real-estate, the-utilities-, utilities
Report: Power companies need to upgrade grid to prepare for electric cars
Jan 20, 2010 Object
Filed under: Government/Legal, Technology, Chevrolet, Electric
2011 Chevrolet Volt - Click above for high-res image gallery
The onslaught of electric vehicles expected to hit the market over the next five years, such as the Chevrolet Volt (pictured above), is keeping many local power utilities up at night. The dilemma has to do with the power supply - more specifically, how to feed the increased demand on the grid down to the household level.
There isn’t really a shortage of power, experts say. However, while your electric company has built the infrastructure to keep your microwave, HDTV and computer all running simultaneously without dimming the kitchen lights, an anticipated flood of innovative all-electric cars concurrently guzzling electrons off the system in private garages may lead to household circuit breakers tripping and street corner transformers burning out.
Not to worry, say the utilities. While it is a challenge that they must address, there is something working in their favor… cost. As is often the case with new technologies, the high selling price of the early all-electric cars (expected to hit $40,000 or more… or less) allows the power companies to anticipate which neighborhoods need upgrading first - now, that’s electrifying insight.
Gallery: 2011 Chevy Volt
[Source: Detroit Free Press]
Report: Power companies need to upgrade grid to prepare for electric cars originally appeared on Autoblog on Wed, 20 Jan 2010 08:28:00 EST. Please see our terms for use of feeds.
Tags: 2011, 2011chevroletvolt, a-friend-via, chevroletvolt, circutibreaker, detroit-free, electric vehicles, household, infrastructure, powergrid, press, utilities, volt
Smart Money Aims to Power the $200 Billion Smart Grid Sector
To date, the primary emphasis in alternative energy investments has been on new ways to create power. But that’s changing fast as entrepreneurs dream up new ways to conserve energy and use the existing power grid more efficiently. That’s why alternative energy experts and venture capitalists have pegged the so-called smart grid sector as one of the hottest emerging areas for investment. Greentech consulting group Pike Research released a report on Dec. 28 that put the value of smart grid infrastructure investments and technology development at $200 billion between 2008 and 2015.
Continue reading Smart Money Aims to Power the $200 Billion Smart Grid Sector
Smart Money Aims to Power the $200 Billion Smart Grid Sector originally appeared on DailyFinance on Tue, 29 Dec 2009 09:05:00.
Filed Under: Energy, Technology, Green
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Smart Money Aims to Power the $200 Billion Smart Grid Sector
Tags: and-technology, billion, existing, greentech, itri, itron, jpm, research, solar, technology, utilities, why-alternative, world
Industrial production inches up in October
Nov 17, 2009 Object
Filed under: Economy
The recovery in the industrial sector continues, albeit at a mild pace, as output at U.S. factories, mines, and utilities rose just 0.1% in October, following a 0.7% rise in September, the U.S. Federal Reserve announced Tuesday.
Further, most sectors registered declines in October, with the utilities sector output helping to tip the scale by rising 1.6%.
Meanwhile, the factory utilization rate, also known as capacity utilization, rose to 70.7% in October from 70.5% in September. The capacity utilization rate is still 10.2 percentage points below its average for 1972-2008, the Fed said.
Continue reading Industrial production inches up in October
Industrial production inches up in October originally appeared on DailyFinance on Tue, 17 Nov 2009 10:40:00 EST. Please see our terms for use of feeds.
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Industrial production inches up in October
Tags: agriculture, average-for, bloomberg-news, capacity utilization, commodityprices, economy, entry, factory, federal reserve, industrial, producer-prices, the-factory, the-industrial, utilities
Obama’s smart grid funding leaves California out in the cold
Oct 27, 2009 Object
Filed under: Energy, Technology
President Barack Obama announced today that he is pushing out $3.4 billion in stimulus spending to fund the development and construction of the much vaunted “smart grid.” Significant portions of the funding will go toward subsidizing so-called smart electrical meters for large utilities. Utilities in Florida and Maryland are set to get multi-hundred million dollar grants to underwrite smart meters and other infrastructure upgrades.
But a quick read of the stimulus list implies that the government will inadvertently penalize some utilities that have already moved quickly to build smart meter programs. The biggest loser of all? California. Big utilities in the Golden State got more or less shut of funding awards from Washington D.C. on this round, according to blog Earth2Tech.
Continue reading Obama’s smart grid funding leaves California out in the cold
Obama’s smart grid funding leaves California out in the cold originally appeared on DailyFinance on Tue, 27 Oct 2009 13:30:00 EST. Please see our terms for use of feeds.
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Obama’s smart grid funding leaves California out in the cold
Tags: a-bright-future, cold, energy, entry, florida, golden-state, holiday-parties, more-or-less, norway, power, smart, stimulus, technology, utilities, world
Dan Adler, California Clean Energy Fund: Seed-stage energy investments
Oct 6, 2009 Object
Filed under: Energy, Technology
As a senior analyst in the Division of Strategic Planning at the California Public Utilities Commission, Dan Adler designed California’s ambitious clean energy policy, which put a 20 percent target on renewable energy use by the Golden State’s utilities by the year 2010.
Four years ago, Adler moved over to the California Clean Energy Fund (CalCEF), a non-profit venture capital entity created to enhance innovation in clean energy by funding early-stage startups. CalCEF is an “evergreen” fund that reinvests any profits in additional startups or research programs in renewables and energy efficiency.
In 2006, CalCEF raised a $30 million fund that Adler now helps oversee as president of the organization. Last year Adler oversaw the creation of a follow-on fund specifically targeting angel-type investments of $500,000 or less. Adler is an expert in renewable energy policy at both the national and state level and has the rare perspective of both a regulator and an investor. I got a chance to speak with Adler at the Renewable Energy Finance Forum West last week. Here are edited excerpts:
Continue reading Dan Adler, California Clean Energy Fund: Seed-stage energy investments
Dan Adler, California Clean Energy Fund: Seed-stage energy investments originally appeared on DailyFinance on Tue, 06 Oct 2009 13:00:00 EST. Please see our terms for use of feeds.
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Dan Adler, California Clean Energy Fund: Seed-stage energy investments
Tags: a-friend-via, ambitious-clean, clean energy, energy, entry, golden, green, renewableenergy, technology, utilities
Awestruck archeologist marvels at treasure’s link to the seventh century
Filed under: People
Terry Herbert, the treasure hunter who recently unearthed the world’s largest and most important hoard of Anglo-Saxon gold in Staffordshire, England, recently reflected on his historic find. He told the BBC that he often invokes a special phrase when he is out with his trusty 14-year-old metal detector: “Spirits of yesteryear take me where the coins appear.” But he changed the word “coins” to “gold” on the day of the discovery. “I think somebody was listening and directed me to it,” he says.
Dr. Kevin Leahy, the archaeologist in charge of cataloguing the items, told DailyFinance that he too feels a kind of mystical connection with the items: “We are, through these objects, being linked to the eyes and hands of people who were around 1,400 years ago. It is a spiritual link: These things have traveled through time.”
Continue reading Awestruck archeologist marvels at treasure’s link to the seventh century
Awestruck archeologist marvels at treasure’s link to the seventh century originally appeared on DailyFinance on Tue, 06 Oct 2009 12:10:00 EST. Please see our terms for use of feeds.
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Awestruck archeologist marvels at treasure’s link to the seventh century
Tags: archaeologist, entry, Object, renewableenergy, seventh, spiritual-link, told-the-bbc, utilities
Oil states deny plans to dump the dollar
Big oil producing nations denied a British newspaper report on Tuesday that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in trading oil.
The dollar eased in response to the report, which was written by The Independent’s Middle East correspondent Robert Fisk and cited unidentified sources in Gulf Arab states and Chinese banking sources in Hong Kong.
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Oil states deny plans to dump the dollar originally appeared on DailyFinance on Tue, 06 Oct 2009 11:45:00 EST. Please see our terms for use of feeds.
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Oil states deny plans to dump the dollar
Tags: a-friend-via, entry, france, in focus, independent, middle-east, robert-fisk, saudi-arabia, saudiarabia, utilities
Yes, new stores keep opening, but don’t get too excited
Filed under: Company News, Economy, JC Penney, Wal-Mart Stores, Target Corp.
Even in this recession, some businesses are making hay — including retailers. Store chains recently have been announcing plans to open locations and hire new workers. It looks like a recovery on paper, but in reality, it’s more of a wash.
The latest announcement came from Target Corp. (TGT) which said it will open 26 new stores in the next month, bringing on some 5,000 employees. Stores will open from Anchorage, Alaska, to West Palm Beach, Fla.
Continue reading Yes, new stores keep opening, but don’t get too excited
Yes, new stores keep opening, but don’t get too excited originally appeared on DailyFinance on Tue, 06 Oct 2009 11:30:00 EST. Please see our terms for use of feeds.
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Yes, new stores keep opening, but don’t get too excited
Tags: consumer spending, entry, france, holiday, in focus, independent, new-workers-, retail sales, saudi-arabia, shopping, some-businesses, target-corp-, utilities, will-open
Power shifts as customers pass on electricity
Sep 7, 2009 Object
Filed under: Energy
Relief from utility bills seems to be self-made these days. Electricity consumption is falling, resulting in lower monthly tabs, and the driver is the economy. Reductions in production and spending discipline, triggered by an uncertain job market have led many to be a bit more cautious before turning on the air conditioner or leaving the lights on when exiting a room.
The fall in demand is the largest seen in several decades. Last year, the consumption of electricity fell 1.6 percent, and it’s expected to drop another 2.7 percent in 2009, according to U.S. government predictions. If this year’s forecast is realized, we’ll have witnessed the first consecutive fall in electricity demand since 1949.
Continue reading Power shifts as customers pass on electricity
Power shifts as customers pass on electricity originally appeared on DailyFinance on Mon, 07 Sep 2009 11:00:00 EST. Please see our terms for use of feeds.
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Power shifts as customers pass on electricity
Tags: a-bit-more, customers-pass, drop-another, energy, energycosts, have-witnessed, infocus, largest, power, self-made-these, utilities
