AMSC receives order for 17 wind-turbine systems
SOUTH KOREA - American Superconductor Corp. said it received an order for 17 sets of full wind-turbine electrical systems from South Korea's Hyundai Heavy Industries Co.
Hyundai, which builds ships, turnkey power plants and high-voltage electrical equipment, will use the systems in 1.65 megawatt wind turbines. It will produce the turbines under a license from an American Superconductor subsidiary, AMSC Windtec.
American Superconductor will ship the electrical systems by the end of January 2010. The company did not disclose terms of the deal.
Shares of American Superconductor rose $1.04, or 3.5 percent, to $30.71 in early trading. The stock has shot up 82 percent since the start of the year.
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California's future with income-based flat-fee utility bills is getting closer
SAN FRANCISCO - Electricity bills in California are likely to change dramatically in 2026.
The California Public Utilities Commission (CPUC) is in the midst of an unprecedented overhaul of the way most of the state’s residents pay for electricity.
Utility bills currently rely on a use-more pay-more system, where bills are directly tied to how much electricity a resident consumes.
California lawmakers are asking regulators to take a different approach. Some of the bill will pay for the kilowatt hours a customer uses and a monthly fixed fee will help pay for expenses to maintain the electric grid: the poles, the substations, the…
