RI bill rewards renewable energy users
RHODE ISLAND - Homeowners who use renewable energy systems such wind turbines or solar panels for power could get a financial boost under a new Rhode Island law.
Gov. Don Carcieri announced that he signed legislation permitting people to get a credit on up to 10 utility accounts or get a cash refund when their green power systems send surplus energy back into the power grid for others to use.
The General Assembly passed similar legislation last year, but state utility regulators limited the credits to only five utility accounts.
Rep. David Segal, a bill sponsor, said in a written statement that people who operate green power projects shouldn't have to give away their electricity for free under rules that benefit power companies.
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Pioneer Reaches Agreement to Sell Transformer Business for Approximately $65 Million
FORT LEE, N.J - Pioneer Power Solutions, Inc. (PPSI) ("Pioneer" or the "Company"), a company engaged in the manufacture, sale and service of electrical transmission, distribution and on-site power generation equipment, has announced that it has reached an agreement to sell its liquid filled and dry type transformer businesses to Mill Point Capital, a middle-market private equity firm, for $65.5 million in cash and notes.
In consideration for all the assets of Pioneer Transformers Ltd. and Pioneer Dry Type Transformer Group, which includes Jefferson Electric, Inc., Bemag Transformer Inc. and Harmonics Limited LLC, Pioneer will receive $65.5 million, including $60.5 million…
