Chicago based CIC Energy Construction will begin offering an innovative service under its SREC-REC SWAP Program. Utility grid interconnected solar PV systems produce 2 distinct attributes: (1) electricity; and (2) an environmental attribute & monetary instrument commonly referred to as Solar Renewable Energy Certificate (“SREC”). SRECs can be sold at a premium to investor owned utilities, as well as alternative retail suppliers, which are used to meet Solar Carve Out quotas imposed by state legislation. However, selling SRECs and its environmental attributes relinquishes the system owner’s right to make an environmental claim (i.e. green marketing) per regulations set forth by the U.S. Federal Trade Commission. Through its SREC-REC Swap Program, CIC Energy Construction alleviates this dilemma by selling of SRECs on utility compliance markets and replacing the same amount through the purchase of RECs on Voluntary REC markets. The end result is a revenue stream from SRECs, while the system owner preserves the right to make an environmental claim.
Sunday, March 27, 2011
Saturday, March 26, 2011
Sanyo's solar lanterns are sent to affected areas
Sanyo's solar lanterns are sent to affected areas offer Panasonic-Sanyou
Panasonic 70 - hour market offering its LED-Lantern
Deliver the light to electricity supply in the earthquake affected areas shuffle East, we are sending to the next solar-powered lighting companies were.
Mitsui & Co., after the earthquake, caused by electric batteries for the solar cell, LED lights flash "Solar Lantern" Buy a set of Sanyo 4000. Miyagi Prefecture, Japan Sanriku sent the bodies were found about one thousand. Local to reach the 19th, six places that were distributed to elementary schools and public halls is a refuge.
As part of Sanyo's support groups, Panasonic has successively sent to the affected areas set 4,000 solar lanterns. 2600 sets out the types that can be used as mobile phone power charger in addition to lighting.
Please use a charger and power supply and lighting Kaneka solar cells and rechargeable battery AC decided to send to the disaster area to set a system of 100 outlets. Is sending a set of similar systems Shin-Kobe Electric Machinery Co., Ltd. and Sharp 250.
Meanwhile, Panasonic AA batteries manufactured by the company, "Eboruta" which is solid and long life of 70 hours in 3 LED Lantern "BF-AL01K-W" to develop a new, market on May 21. Are intended to be used in indoor and outdoor.
Width 46 mm, 46 mm depth, height 95 mm and fit in one hand, while carrying use. The accessories are continuing shortage Eboruta, which shine through the front 50 inches. The body with the rope, vine and can be top tent. Expected retail price is 1600 yen including tax. (Sakakibara Ken)
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Moody's Assigns Investment-Grade Credit Rating to PJM Settlement,Inc.
Moody's Assigns Investment-Grade Credit Rating
Highlights PJM Settlement's Efficient Cash Flow and Credit Risk Management Practices
VALLEY FORGE, Pa., March 25, 2011 /PRNewswire/ -- Moody's Investor Services has assigned one of its highest investment grade rankings, an Aa3 Issuer Rating, to PJM Settlement, Inc., a nonprofit subsidiary of PJM Interconnection.
Concurrent with PJM Settlement's rating, Moody's affirmed PJM Interconnection's debt rating with a stable financial outlook for both entities. "This very strong investment-grade rating reflects the creditworthiness of both PJM and its affiliate, PJM Settlement," said Suzanne S. Daugherty, vice president, chief financial officer and treasurer of PJM. "It also reflects especially well on the strength of our 700 member organizations."
Moody's said the PJM Settlement rating considers "structural enhancements between it and PJM, including guarantees provided by each entity to the other, as well as lines of credit between PJM Settlement and PJM that will facilitate efficient cash flow management, permitting either entity to use cash that is available to its affiliate."
PJM Settlement acts as the single counterparty to the pool transactions of PJM market participants. By acting as the single counterparty, PJM Settlement resolves any uncertainty of who members transact with when trading in the PJM market. PJM Settlement handles billing and settlement functions for the PJM markets, issues invoices to and receives payments from market participants and serves as the entity with which market participants establish credit. Moody's is a leading provider of market-based quantitative services for banks and investors in credit-sensitive assets serving the world's largest financial institutions.
PJM Interconnection, founded in 1927, ensures the reliability of the high-voltage electric power system serving 54 million people in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia. PJM coordinates and directs the operation of the region's transmission grid, which includes 6,038 substations and 56,500 miles of transmission lines; administers a competitive wholesale electricity market; and plans regional transmission expansion improvements to maintain grid reliability and relieve congestion. Visit PJM at http://www.pjm.com/.
SOURCE PJM Interconnection
Highlights PJM Settlement's Efficient Cash Flow and Credit Risk Management Practices
VALLEY FORGE, Pa., March 25, 2011 /PRNewswire/ -- Moody's Investor Services has assigned one of its highest investment grade rankings, an Aa3 Issuer Rating, to PJM Settlement, Inc., a nonprofit subsidiary of PJM Interconnection.
Concurrent with PJM Settlement's rating, Moody's affirmed PJM Interconnection's debt rating with a stable financial outlook for both entities. "This very strong investment-grade rating reflects the creditworthiness of both PJM and its affiliate, PJM Settlement," said Suzanne S. Daugherty, vice president, chief financial officer and treasurer of PJM. "It also reflects especially well on the strength of our 700 member organizations."
Moody's said the PJM Settlement rating considers "structural enhancements between it and PJM, including guarantees provided by each entity to the other, as well as lines of credit between PJM Settlement and PJM that will facilitate efficient cash flow management, permitting either entity to use cash that is available to its affiliate."
PJM Settlement acts as the single counterparty to the pool transactions of PJM market participants. By acting as the single counterparty, PJM Settlement resolves any uncertainty of who members transact with when trading in the PJM market. PJM Settlement handles billing and settlement functions for the PJM markets, issues invoices to and receives payments from market participants and serves as the entity with which market participants establish credit. Moody's is a leading provider of market-based quantitative services for banks and investors in credit-sensitive assets serving the world's largest financial institutions.
PJM Interconnection, founded in 1927, ensures the reliability of the high-voltage electric power system serving 54 million people in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia. PJM coordinates and directs the operation of the region's transmission grid, which includes 6,038 substations and 56,500 miles of transmission lines; administers a competitive wholesale electricity market; and plans regional transmission expansion improvements to maintain grid reliability and relieve congestion. Visit PJM at http://www.pjm.com/.
SOURCE PJM Interconnection
Wednesday, March 23, 2011
CIC Energy Launches Illinois Commerical Solar Lease Program
PRESS RELEASE
CIC Energy Construction teams up with BSB Solar Commercial Funding to make Solar Power accessible to Illinois Businesses and Property Owners
Chicago, March 21, 2011: CIC Energy Construction & Supply, LLC, and lending partner BSB Leasing, LLC, have come together to eliminate the upfront costs associated with purchasing and installing photovoltaic solar systems. By removing this market barrier, CIC makes solar power much more accessible to Illinois business and property owners.
“As part of our turnkey service, we identify federal, state, and local rebates and tax incentives available for installation of solar electric systems”, says CIC Managing Partner Ken Anno. “After all of the rebates and incentives are applied, solar electric systems often pay for themselves in less than 5 years, while continuing to generate manufacturer warrantied returns for over 25 years. The initial investment had been a barrier for even the most interested customers, even when they could see that solar is a sound investment. Eliminating that initial investment hurdle, by utilizing the leasing model, means solar electricity is a real possibility for many more Illinois businesses.” Anno added that a similar financing option would be made available in Massachusetts, where CIC recently launched its subsidiary, CIC Energy East.
BSB Solar Commercial Funding will bridge the financial gap by offering CIC’s customers a financing option that will offer low, fixed, monthly payments. At the end of the lease term, the Customer will have a $1 purchase option. The monthly payments will be offset by the savings on energy bills that result from the newly installed solar systems, as well as the revenue stream from selling environmental attributes known as SRECs to utility companies to help them meet their state-mandated solar quota. SREC trading is handled through CIC’s subsidiary CIC Energy Asset Management.
With the addition of this financial solution through BSB, CIC continues to demonstrate its leadership as solar specialists delivering innovative solutions to its clients, allowing an incredibly easy, affordable, and turn-key solution.
CIC Energy Construction & Supply, LLC is a Chicago-based Energy Service Provider and General Contractor specializing in commercial and industrial scale renewable energy systems including feasibility reports, incentive consultation, system design, construction management, and system commissioning. By using the latest in innovative technology and offering cost-effective integrated service, CIC Energy delivers results that simultaneously meet environmental protection, economic development, and social goals.
About BSB Solar Commercial Funding
BSB Solar Commercial Funding is a full-service funding resource specializing in Direct Finance and Syndication Services for solar commercial equipment and installation leasing. BSB has been a trusted resource for commercial customers, independent brokers, vendors and financial institutions in the leasing industry for over 20 years. We provide businesses with access to capital to fuel growth and to allow for participation in the renewable energy market. In addition to being a trusted source for direct lending, our solid reputation has earned us privileged partnerships with more than 50 institutional funding sources and specialty lenders. These relationships enable us to offer a large selection of financing options. With our underwriting experience and your stable credit profile, we offer the most competitive rates in the industry and expedited funding. We’ll put all our resources to work to ensure your solar investment will yield a maximum return.
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