AMSC lands another wind deal in China
The electrical components will be used in DTC's 3MW and 5MW full conversion wind turbines, which were jointly designed and developed by AMSC. Shipments will begin this year, but won't be shipped in larger quantities until next year. No word on the financials of the deal or exactly how many systems would be shipped.
"A powerhouse in China's growing wind power market, DTC has partnered with AMSC to introduce its next-generation wind turbines," said Greg Yurek, founder and chief executive officer of AMSC. "Having been designed for use both on land and at sea, DTC's 3 MW wind turbine has broad applicability while its 5 MW turbine is particularly well suited for the global offshore wind market. We are pleased to receive these initial orders and are happy to support DTC as they launch these advanced wind turbine platforms."
Shares of AMSC are up a couple percent today and continue to hang in around critical support around the $25 level. I believe AMSC represents one of the best green stock plays down at current levels, but it may be a bit too early to jump in just yet.
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SAN FRANCISCO - The Public Advocates Office (PAO) for the California Public Utilities Commission (CPUC) has proposed adding a monthly fixed charge on electric utility bills based on income level.
The rate change is designed to lower bills for the lowest-income residents while aligning billing more directly with utility costs.
PAO’s recommendation for the Income Graduated Fixed Charge places fees between $22 and $42 per month in the three major investor-owned utilities’ territories for customers not enrolled in the California Alternative Rates for Energy (CARE) program. As seen below, CARE customers would be charged between $14 per month and $22 a…
