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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Stocks close higher for 3rd consecutive day. • Recovered almost all of last Wednesday’s losses. U.S. equities closed higher yesterday for their 3rd straight session. The Dow finished up 90 points at 20,895, the S&P 500 rose 12 ending at 2,394 and the Nasdaq rose 50 points to 6,134. The […]
Equities and the Economy: • Stocks end mixed. • Fed leaves interest rates unchanged. U.S. equities ended mixed yesterday with the Dow gaining 8 to 20,958 but the other two major indexes fell. The S&P 500 lost 3 to 2,388 and the red-hot Nasdaq fell 23 points to 6,073. Chatter. Let’s move on. The FOMC […]
An alternative to the controversial Northern Pass 1,090Mw transmission line in New England has been proposed. The new 1,200Mw transmission line would still bring cheap renewable hydroelectric power into New England from Quebec, but would use existing power lines to reduce the environmental impact of the transmission line. A new utility project from National Grid […]
California is in a bind. The recent Oroville Dam emergency has forced the shutdown of a 819MW hydropower plant that needs to be replaced with the equivalent of two natural gas power plants. This will increase natural gas demand while the state is still short on supply because of the Aliso Canyon gas leak from […]
The same week that New York announced that the Indian Point Nuclear Reactor would be shut down, Gov. Cuomo announced that the largest offshore wind project in the US would be built off the coast of Long Island. This new wind farm will help offset the loss of nuclear power, while eventually providing power to […]
Equities and the Economy: • U.S. stocks meander. • Still can’t penetrate Dow 20,000. U.S. stocks chopped around yesterday. While the Dow fell 77 points, 0.38%, ending at 19,887 and the S&P 500 lost 8 points, 0.35%, finishing at 2,269, the Nasdaq posted a small gain of 11 points, 0.19%, closing at 5,532. The market […]
The Indian Point nuclear power plant located just 30 miles from New York City will officially shut down in 2021, likely increasing rate payer utility bills. While this change won’t take place for several years, it will force New York to add electricity generation through renewable energy sources or by using hydro power from Quebec. […]
Solar energy has accounted for over a third of new electricity capacity generated in 2016. The future of solar looks very bright! Renewable energy policy faces a future of uncertainty with a new fossil fuel-friendly administration set to take office, but the U.S. solar industry just marked its best quarter to date. In the third […]
America’s first offshore wind farm is finally up and running off the coast of Rhode Island! The 30MW wind farm is now supplying almost 100% of Block Island’s energy demand, with the excess capacity being used to power Narragansett and other RI towns. PROVIDENCE, R.I.–(BUSINESS WIRE)–After just 11 months of construction on its “sea2shore: The […]
Google, one of the largest energy consuming companies in the world, will become completely carbon-neutral in 2017 through investments into large utility-scale wind and solar farms. MINCO, Okla. — Last year, Google consumed as much energy as the city of San Francisco. Next year, it said, all of that energy will come from wind farms […]
