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Renren Inc. Message Board

tomhaly76 38 posts  |  Last Activity: Jul 31, 2014 10:04 AM Member since: Jul 20, 2009
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  • Reply to

    Amsc news

    by tomhaly76 Jul 31, 2014 9:56 AM
    tomhaly76 tomhaly76 Jul 31, 2014 10:04 AM Flag

    Low wind speed turbines are expected to open up new markets in regions that are already saturated with wind farms, such as southern Germany and parts of the United States and emerging markets such as the Middle East and Africa. India has a large number of sites with low-wind resources. Additionally, turbines designed for low wind speed can also be ideally located close to population centers. In China, low wind speed turbines near urban centers can reduce the bottlenecks on the transmission system that can be caused by the long-distance transmission of electricity.

    "We believe that AMSC's new low wind speed turbine makes it possible to achieve a low cost of energy at the low wind speed sites that were previously inaccessible or not economically compelling. The new low-wind speed design is expected to lower cost of energy by as much as 12% compared to previous AMSC designs, increasing its competitiveness with traditional fossil fuels," said Daniel P. McGahn, CEO, AMSC.

    This new 2MW turbine design with a 113 meter rotor is expected to deliver nearly 20% more energy than AMSC's 2MW turbine design 93 meter rotor. The turbine design is available for all climate conditions and various hub heights. It is also available with doubly-fed and full conversion drive train architectures as well as with the proven and certified AMSC grid support solutions such as low voltage ride-through capability and wtWPC(TM) wind park controller for grid integration, both of which enable superior power quality and reactive power support. AMSC is an industry leader in grid interconnection, VAR compensation and voltage control.

    AMSC designs wind turbines from 2MW and higher. The new 2MW low wind speed turbine design benefits from the superior supervisory control and data acquisition (SCADA) and wind park solutions which enable the integration of wind turbines into existing wind farms or the upgrade of existing installations with the latest technology.

  • Reply to

    Amsc news

    by tomhaly76 Jul 31, 2014 9:56 AM
    tomhaly76 tomhaly76 Jul 31, 2014 10:00 AM Flag

    DEVENS, Mass., July 31, 2014 (GLOBE NEWSWIRE) -- AMSC (AMSC), a global solutions provider serving the wind and power grid industry, announced the availability of its newest wind turbine design. The 2 megawatt (MW) wind turbine has a rotor diameter of 113 meters and a swept area of 10,039 square meters, making it an ideal wind turbine for low wind speed regions. Additionally, AMSC also announced today that it has successfully completed the A-Design Assessment according to the latest GL2010 onshore guideline for its 2 MW wind turbine design with 93 meter and 100 meter rotor. The certification was completed by DEWI-Offshore and Certification Center (DEWI-OCC), a certification body for on- and offshore wind turbines and their components, accredited by the DAkkS (Deutsches Akkreditierungssystem Prufwesen).

  • tomhaly76 by tomhaly76 Jul 31, 2014 9:56 AM Flag

    New 2 M

  • tomhaly76 tomhaly76 Jul 31, 2014 9:50 AM Flag

    BEIJING, July 31, 2014 /PRNewswire/ -- E-Commerce China Dangdang Inc. ("Dangdang" or the "Company") (DANG), a leading business-to-consumer e-commerce company in China, today announced that it will release its financial results for the second quarter ended June 30, 2014 before the market open on August 14, 2014. Dangdang's management will host a corresponding conference call at 7:00 A.M. Eastern Time on August 14, 2014 (or 7:00 P.M. Beijing/Hong Kong time) on that day.

    Dial-in details for the earnings conference call are as follows:

    US: +1-845-675-0437
    China, Domestic: +400-620-8038
    Hong Kong: +852-2475-0994
    International: +65-6723-9381

    Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call. The passcode is "Dangdang earnings call."

    A replay of the conference call may be accessed by phone at the following number through August 22, 2014:

  • tomhaly76 by tomhaly76 Jul 29, 2014 10:07 AM Flag

    Traders should now look for long-biased trades in AMSC if it manages to break out above its 200-day moving average of $1.70 a share to some more near-term overhead resistance at $1.78 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average volume of 763,864 shares. If that breakout materializes soon, then AMSC will set up to re-test or possibly take out its next major overhead resistance levels at $2.20 to around $2.40, or even $2.68 a share.

  • tomhaly76 by tomhaly76 Jul 29, 2014 9:31 AM Flag

    NQ Mobile Selected as Partner Security Provider for Brightstar 20:20
    NQ Mobile Security™ application to be made available within Brightstar 20:20 value-added services across the Mobile Enterprise/SME Channel
    PR Newswire NQ Mobile Inc.
    32 minutes ago
    BEIJING and DALLAS, July 29, 2014 /PRNewswire/ -- NQ Mobile (NQ), a leading global provider of mobile Internet services, today announced it has been selected as the partner security services provider for Brightstar 20:20 Mobile.

    View photo
    .NQ Mobile Logo
    Under the license agreement, NQ Mobile Security will be available at discounted rates for business-to-business (B2B) customers to use alongside selected manufacturers to enhance device security within the Enterprise space.

    With 136 million monthly active user accounts worldwide and partnerships with premier carriers and retailers globally, NQ Mobile provides the world's most popular mobile security and privacy products.

    "With NQ Mobile's ability to address Enterprises' increasing need for effective data security through mobile channels, particularly on business sensitive devices, they are an ideal partner for Brightstar 20:20," said Jim Michel, Managing Director Brightstar 20:20 UK. "We are confident that the incorporation of NQ Mobile Security solution into our B2B channel will drive even greater value to our resellers, their businesses and their customers."

    NQ Mobile Security offers a complete system of mobile defense, including[1]:

    Malware and Virus Protection
    Malicious URL detection
    Content and Contact Backup
    Lost Phone Location
    Remote Device Lock and Wipe
    Safe Browsing
    Device and Memory Optimization
    Network Usage Monitoring
    Encrypted data storage
    About Brightstar 20:20

    Brightstar 20:20 distributes, supports and promotes leading mobile handset brands, accessories, cellular airtime and fixed line equipment. The business has more than 8,000 active customers including, network operators, MVNOs, retailers, independent telecoms specialists, distributors and insurance providers.

    WE OFFER

    GLOBAL DISTRIBUTION

    Channel Management
    Logistics
    Marketing & Promotions
    Manufacturing Services
    GLOBAL SERVICES

    Supply Chain Solutions
    Device Insurance & Protection Solutions
    Buyback & Trade-in Solutions
    Omnichannel Solutions
    Financial Solutions
    Brightstar 20:20 anticipates trends and identifies issues -- and proactively turns them into cutting-edge business services and solutions. We're Brightstar 20:20. Serving wireless.

  • tomhaly76 tomhaly76 Jul 28, 2014 8:03 PM Flag

    With all your trading and you are not a Billionaire yet? Why are you here at YMB then, why do you post 24/7? Take it easy man?
    gl

  • Reply to

    $16+

    by mkody1 Jul 25, 2014 10:26 AM
    tomhaly76 tomhaly76 Jul 25, 2014 7:08 PM Flag

    Dang could double from here, keep buying/adding to your position.

  • Traders should now look for long-biased trades in AMSC if it manages to break out above its 200-day moving average of $1.70 a share to some more near-term overhead resistance at $1.78 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average volume of 763,864 shares. If that breakout materializes soon, then AMSC will set up to re-test or possibly take out its next major overhead resistance levels at $2.20 to around $2.40, or even $2.68 a share.

  • Reply to

    Waiting for $1.85

    by matt.hort Jul 17, 2014 1:55 PM
    tomhaly76 tomhaly76 Jul 17, 2014 2:21 PM Flag

    What's the difference? Pinching pennies, eh?

  • American Superconductor Up 24.8%, Shares Break Through Resistance (AMSC)

    Sym Last Chg Pct Volume
    AMSC 2.06 +0.45 +27.95% 11,480,909
    American Superconductor (NASDAQ:AMSC) is one of today's best performing low-priced stocks, up 24.8% to $2.01 on 5.1x average daily volume. Thus far today, American Superconductor has traded 4.9 million shares, vs. average volume of 958,000 shares per day. The stock has outperformed the Dow (24.8% to the Dow's 0.2%) and outperformed the S&P 500 (24.8% to the S&P's 0.2%) during today's trading.

    American Superconductor (NASDAQ:AMSC) defies analysts with a current price ($2.01) 0.5% above its average consensus price target of $2.00. The stock should discover initial support at its 200-day moving average (MA) of $1.70 and subsequent support at its 50-day MA of $1.46.

    In the past 52 weeks, American Superconductor share prices have been bracketed by a low of $1.25 and a high of $3.06 and are now at $2.01, 61% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.4%.

    American Superconductor Corporation is an energy technologies company that offers solutions based upon its programmable power electronic converters and high temperature superconductor (HTS) wires. The Company serves the utility, industrial and wind power markets.

    SmarTrend is tracking the current trend status for American Superconductor and will alert subscribers who have AMSC in their portfolio or watchlist when shares have changed trend direction.

  • tomhaly76 by tomhaly76 Jul 16, 2014 4:28 PM Flag

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    FORM 8-K


    CURRENT REPORT
    Pursuant to Section 13 or 15(d)
    of The Securities Exchange Act of 1934
    Date of Report (Date of earliest event reported):
    July 16, 2014


    American Superconductor Corporation
    (Exact name of registrant as specified in its charter)



    Delaware 000-19672 04-2959321
    (State or other jurisdiction
    of incorporation)

    (Commission
    File Number)

    (IRS Employer
    Identification No.)

    64 Jackson Road
    Devens, Massachusetts
    01434
    (Address of principal executive offices) (Zip Code)
    Registrant’s telephone number, including area code (978) 842-3000
    Not Applicable
    (Former name or former address, if changed since last report.)


    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

    ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



    Item 8.01. Other Events.
    On July 14, 2014, American Superconductor Corporation (the “ Company ”) entered into modification P00011 to the other transaction agreement dated January 22, 2008 by and between the U.S. Department of Homeland Security (“ DHS ”) and the Company (the “ Modification ”).
    Under the terms of the Modification, the Company entered into a multi-phase cost sharing arrangement, in collaboration with a major U.S. utility (the “ Utility ”), pursuant to which the Company, DHS, and the Utility will fund the manufacturing and deployment of the Company’s Resilient Electric Grid system (“ REG ”) into the Utility’s electric grid.
    The first phase of this multi-phase project is expected to take six to nine months to complete and is intended to evaluate and develop the installation plan for the REG system into the Utility’s electric grid. As provided in the Modification, the Company will identify multiple other utilities that may be interested in the REG system and develop installation plans with them as well.
    The follow on phases of the project provide for the manufacture and installation of the REG system and are conditioned upon successful completion of the first phase of the project and agreement to proceed amongst the Company, DHS and Utility. The term of the follow on phases of the project is currently planned to be forty-two (42) months after the date the parties agree to proceed after the successful completion of the first phase.
    The total funding for this project expected to be provided by DHS under the Modification is $60.0 million, which represents the total amount of revenue the Company is expected to recognize from this project. The funding for the first phase of the project is approximately $1.5 million, which has been obligated by DHS. The expected funding for the remaining phases of the project is approximately $58.5 million. Revenues would be recognized over the life of the project on a percentage of completion basis. The funding to be provided by DHS for the project is expected to cover all of the Company’s direct incremental costs associated with the project, as well as a portion of its fixed costs.
    There is no assurance that the project will be extended beyond each phase, or that additional funding will be made available. DHS’s cost share is also conditioned upon the availability of such government funding.
    Forward-Looking Statements
    Statements in this report that are not strictly historical in nature constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements regarding the timing of the first phase and the follow on phases of the project; the amount of revenue the Company expects to recognize under the Modification; our belief that the funding to be provided by DHS will cover all of the Company’s incremental costs associated with the project and a portion of its fixed costs; and other statements containing the words “believes,” “anticipates,” “plans,” “expects,” “will” and similar expressions. Such forward-looking statements represent management’s current expectations and are inherently uncertain. Actual results may differ materially from what management currently expects because of many risks and uncertainties, including the failure to accomplish the first phase of the project within the expected timeframe; the failure to successfully complete the first phase of the project; and the risk that the funding provided by DHS for the project will be less that currently anticipated or will not cover the portion of the Company’s costs that the Company currently anticipates. These and the important factors discussed in the “Risk Factors” section of the Company’s most recent quarterly or annual report filed with the SEC, among others, could cause actual results to differ materially from those indicated by forward-looking statements made herein and presented elsewhere by management from time to time. In addition, any forward-looking statements included in this report represent the Company’s expectations as of the date of this report. While the Company anticipates that subsequent events and developments may cause the Company’s views to change, the Company specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this report.

    2
    SIGNATURES
    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    AMERICAN SUPERCONDUCTOR CORPORATION
    Date: July 16, 2014 By:
    /s/ David A. Henry
    David A. Henry
    Executive Vice President and Chief Financial Officer

    3

  • tomhaly76 by tomhaly76 Jul 16, 2014 4:19 PM Flag

    by Friday we should hit $3

  • Reply to

    Big crash coming after lunch

    by opera_arepo Jul 16, 2014 12:16 PM
    tomhaly76 tomhaly76 Jul 16, 2014 1:02 PM Flag

    Look for a sustained move or close above those levels with volume that registers near or above its three-month average volume of 763,864 shares. If that breakout materializes soon, then AMSC will set up to re-test or possibly take out its next major overhead resistance levels at $2.20 to around $2.40, or even $2.68 a share.

  • Reply to

    AMSC ready to breakout

    by tomhaly76 Jul 11, 2014 3:10 PM
    tomhaly76 tomhaly76 Jul 16, 2014 11:19 AM Flag

    Lets go people, we have a $5+ stock here.
    GL

  • Reply to

    AMSC ready to breakout

    by tomhaly76 Jul 11, 2014 3:10 PM
    tomhaly76 tomhaly76 Jul 14, 2014 11:22 AM Flag

    Traders should now look for long-biased trades in AMSC if it manages to break out above its 200-day moving average of $1.70 a share to some more near-term overhead resistance at $1.78 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average volume of 763,864 shares. If that breakout materializes soon, then AMSC will set up to re-test or possibly take out its next major overhead resistance levels at $2.20 to around $2.40, or even $2.68 a share.

  • 5 Stocks Ready for Breakouts
    BY Roberto PedoneFollow| 07/11/14 - 02:45 PM EDT

    inShare
    submit to reddit
    American Superconductor

    An industrial goods player that's starting to trend within range of triggering a major breakout trade is American Superconductor (AMSC), which provides megawatt-scale solutions worldwide. This stock has been moving to the upside over the last three months, with shares higher by 14%.

    5 Rocket Stocks to Buy for Earning Season

    If you take a glance at the chart for American Superconductor, you'll notice that this stock has been uptrending strong for the last two months and change, with shares moving higher from its low of $1.25 to its recent high of $1.78 a share. During that uptrend, shares of AMSC have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of AMSC within range of triggering a major breakout trade above some key near-term overhead resistance levels.

    Traders should now look for long-biased trades in AMSC if it manages to break out above its 200-day moving average of $1.70 a share to some more near-term overhead resistance at $1.78 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average volume of 763,864 shares. If that breakout materializes soon, then AMSC will set up to re-test or possibly take out its next major overhead resistance levels at $2.20 to around $2.40, or even $2.68 a share.

    Traders can look to buy AMSC off weakness to anticipate that breakout and simply use a stop that sits right below some near-term support at $1.52 or around its 50-day at $1.45 a share. One can also buy AMSC off strength once it starts to bust above those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

  • tomhaly76 by tomhaly76 Jul 11, 2014 3:05 PM Flag

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

    SCHEDULE 13G

    Under the Securities Exchange Act of 1934

    (Amendment No: 1)

    AMERICAN SUPERCONDUCTOR CORP.
    (Name of Issuer)

    Common Stock
    (Title of Class of Securities)

    030111108
    (CUSIP Number)

    June 30, 2014
    (Date of Event Which Requires Filing of this Statement)
    Check the appropriate box to designate the rule pursuant to
    which this Schedule is filed:

    [X] Rule 13d-1(b)
    [ ] Rule 13d-1(c)
    [ ] Rule 13d-1(d)

    *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

    The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

    CUSIP No. 030111108

    (1)Names of reporting persons. BlackRock, Inc.

    (2) Check the appropriate box if a member of a group
    (a) [ ]
    (b) [X]

    (3) SEC use only

    (4) Citizenship or place of organization

    Delaware

    Number of shares beneficially owned by each reporting person with:

    (5) Sole voting power

    1645133

    (6) Shared voting power

    NONE

    (7) Sole dispositive power

    1645133

    (8) Shared dispositive power

    NONE

    (9) Aggregate amount beneficially owned by each reporting person

    1645133

    (10) Check if the aggregate amount in Row (9) excludes certain shares

    (11) Percent of class represented by amount in Row 9

    2.1%

    (12) Type of reporting person

    HC

    Item 1.

    Item 1(a) Name of issuer:
    -----------------------------------------------------------------------

    AMERICAN SUPERCONDUCTOR CORP.

    Item 1(b) Address of issuer's principal executive offices:
    -----------------------------------------------------------------------

    64 Jackson Rd
    Devens MA 01434

    Item 2.

    2(a) Name of person filing:
    ----------------------------------------------------------------------
    BlackRock, Inc.

    2(b) Address or principal business office or, if none, residence:
    -----------------------------------------------------------------------
    BlackRock Inc.
    55 East 52nd Street
    New York, NY 10022

    2(c) Citizenship:
    --------------------------------------------------------------------
    See Item 4 of Cover Page

    2(d) Title of class of securities:
    -------------------------------------------------------------------

    Common Stock

    2(e) CUSIP No.:
    See Cover Page

    Item 3.

    If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c),
    check whether the person filing is a:
    [ ] Broker or dealer registered under Section 15 of the Act;
    [ ] Bank as defined in Section 3(a)(6) of the Act;
    [ ] Insurance company as defined in Section 3(a)(19) of the Act;
    [ ] Investment company registered under Section 8 of the
    Investment Company Act of 1940;
    [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
    [ ] An employee benefit plan or endowment fund in accordance with
    Rule 13d-1(b)(1)(ii)(F);
    [X] A parent holding company or control person in accordance with
    Rule 13d-1(b)(1)(ii)(G);
    [ ] A savings associations as defined in Section 3(b) of the Federal
    Deposit Insurance Act (12 U.S.C. 1813);
    [ ] A church plan that is excluded from the definition of an
    investment company under section 3(c)(14) of the Investment Company
    Act of 1940;
    [ ] A non-U.S. institution in accordance with
    Rule 240.13d-1(b)(1)(ii)(J);
    [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing
    as a non-U.S. institution in accordance with
    Rule 240.13d-1(b)(1)(ii)(J), please specify the type of
    institution:

    Item 4. Ownership

    Provide the following information regarding the aggregate number
    and percentage of the class of securities of the issuer identified in Item 1.

    Amount beneficially owned:

    1645133

    Percent of class

    2.1%

    Number of shares as to which such person has:

    Sole power to vote or to direct the vote

    1645133

    Shared power to vote or to direct the vote

    NONE

    Sole power to dispose or to direct the disposition of

    1645133

    Shared power to dispose or to direct the disposition of

    NONE

    Item 5.

    Ownership of 5 Percent or Less of a Class. If this statement is being
    filed to report the fact that as of the date hereof the reporting person
    has ceased to be the beneficial owner of more than 5 percent of the
    class of securities, check the following [ X ].

    Item 6. Ownership of More than 5 Percent on Behalf of Another Person

    N/A

    Item 7. Identification and Classification of the Subsidiary Which
    Acquired the Security Being Reported on by the Parent Holding
    Company or Control Person.

    See Exhibit A

    Item 8. Identification and Classification of Members of the Group

    If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(J),
    so indicate under Item 3(j) and attach an exhibit stating the identity
    and Item 3 classification of each member of the group. If a group
    has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d),
    attach an exhibit stating the identity of each member of the group.

    Item 9. Notice of Dissolution of Group
    Notice of dissolution of a group may be furnished as an exhibit
    stating the date of the dissolution and that all further filings with
    respect to transactions in the security reported on will be filed,
    if required, by members of the group, in their individual capacity.

    See Item 5.

    Item 10. Certifications
    By signing below I certify that, to the best of my knowledge and
    belief, the securities referred to above were acquired and are
    held in the ordinary course of business and were not acquired
    and are not held for the purpose of or with the effect of changing
    or influencing the control of the issuer of the securities and were
    not acquired and are not held in connection with or as a participant
    in any transaction having that purpose or effect.

    Signature.

    After reasonable inquiry and to the best of my knowledge and
    belief, I certify that the information set forth in this statement
    is true, complete and correct.

    Dated: July 08, 2014
    BlackRock, Inc.

    Signature: Matthew J. Fitzgerald

    -------------------------------------------

    Name/Title Attorney-In-Fact

    The original statement shall be signed by each person on whose
    behalf the statement is filed or his authorized representative.
    If the statement is signed on behalf of a person by his authorized
    representative other than an executive officer or general partner
    of the filing person, evidence of the representative's authority to
    sign on behalf of such person shall be filed with the statement,
    provided, however, that a power of attorney for this purpose
    which is already on file with the Commission may be incorporated
    by reference. The name and any title of each person who
    signs the statement shall be typed or printed beneath his signature.

    Attention: Intentional misstatements or omissions of fact constitute
    Federal criminal violations (see 18 U.S.C. 1001).

    Exhibit A

    Subsidiary

    BlackRock Advisors, LLC
    BlackRock Fund Advisors
    BlackRock Institutional Trust Company, N.A.
    BlackRock Investment Management, LLC

    *Entity beneficially owns 5% or greater of the outstanding
    shares of the security class being reported on this
    Schedule 13G.
    Exhibit B

    POWER OF ATTORNEY

    The undersigned, BLACKROCK, INC., a corporation duly organized
    under the laws of the State of Delaware, United States (the
    "Company"), does hereby make, constitute and appoint each of
    Matthew Mallow, Howard Surloff, Edward Baer, Bartholomew Battista,
    Dan Waltcher, Karen Clark, Daniel Ronnen, John Stelley, Brian Kindelan,
    John Blevins, Richard Froio, Matthew Fitzgerald and Con Tzatzakis acting
    severally, as its true and lawful attorneys-in-fact, for the purpose of,
    from time to time, executing in its name and on its behalf, whether the
    Company is acting individually or as representative of others, any and
    all documents, certificates, instruments, statements, other filings and
    amendments to the foregoing (collectively, "documents") determined by
    such person to be necessary or appropriate to comply with ownership or
    control-person reporting requirements imposed by any United States
    or non-United States governmental or regulatory authority, including
    without limitation Forms 3, 4, 5, 13D, 13F, 13G and 13H and any
    amendments to any of the foregoing as may be required to be filed
    with the Securities and Exchange Commission, and delivering,
    furnishing or filing any such documents with the appropriate
    governmental, regulatory authority or other person, and giving and
    granting to each such attorney-in-fact power and authority to act in
    the premises as fully and to all intents and purposes as the Company
    might or could do if personally present by one of its authorized
    signatories, hereby ratifying and confirming all that said
    attorney-in-fact shall lawfully do or cause to be done by
    virtue hereof. Any such determination by an attorney-in-fact named
    herein shall be conclusively evidenced by such person's execution,
    delivery, furnishing or filing of the applicable document.

    This power of attorney shall expressly revoke the power of attorney
    dated 30th day of November,2011 in respect of the subject matter hereof,
    shall be valid from the date hereof and shall remain in full force and
    effect until either revoked in writing by the Company, or, in respect of
    any attorney-in-fact named herein, until such person ceases to be an
    employee of the Company or one of its affiliates.

    IN WITNESS WHEREOF, the undersigned has caused this power of
    attorney to be executed as of this 10th day of July, 2012.

    BLACKROCK, INC.

    By:_ /s/ Chris Leavy
    Name: Chris Leavy
    Title: Chief Investment Officer

  • EU's Almunia says deal on German green energy law possible in July
    Reuters By By Barbara Lewis
    2 hours ago
    EU Competition Commissioner Almunia addresses a news conference in Brussels .
    View photo
    European Union Competition Commissioner Joaquin Almunia addresses a news conference at the EU Commission …

    By Barbara Lewis

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    BRUSSELS (Reuters) - EU authorities are negotiating with the German government to try to make its new green energy law compatible with European Union legislation and a solution is possible this month, the bloc's competition chief said on Thursday.

    A ruling from the EU's highest court on Tuesday raised hopes in Germany that the revamped renewables legislation - which shelters the country's heavy industry from the cost of funding green energy - was already in line with EU law.

    But Competition Commissioner Joaquin Almunia said that was not the case, because imported energy had to be treated in the same way as domestically produced fuel.

    "Imported electricity cannot be given discriminatory treatment," Almunia told reporters. "We need to find with the German authorities a good way to eliminate our concerns."

    The European Commission, the EU executive, announced late last year it was launching a full investigation into Germany's renewables law.

    That inquiry is likely to be very lengthy and Almunia said he had not ruled out that German heavy industry would have to pay back subsidies it received under that regime, although he did not give any figures.

    Finding a solution to the European Commission's problems with the revised German green energy law should be quicker, and Almunia said it was possible it could be achieved before the Commission's summer break, which begins on Aug. 1.

    He added, however: "It's not in my hands."

    The issues at stake are technical and concern the extent to which subsidies are allowed for green energy, as well as how to prevent discrimination against imported renewable energy.

    Tuesday's ruling from the EU's top court found Sweden's renewable support scheme to promote national green power was compatible with EU law, even though Sweden had refused to provide support for non-domestic green power.

    German Economy Minister Sigmar Gabriel welcomed that ruling, saying it had removed any lingering EU obstacles to Berlin's renewable energy law.

    Almunia said he was taking it into account, but it was distinct from the situation in Germany, where green power is being imported and treated differently from domestically produced green energy because of the way levies are distributed.

    Germany, Europe's biggest electricity market, shares borders with nine countries and is a net exporter of electricity, although it imports some green energy, which Almunia estimated at less than 10 percent of the total.

    Renewable power in Germany has become a political battlefield as heavy industry, which uses very large amounts of power, some of which it produces itself, says it will cease to be competitive if it has to contribute as much as other users to subsidizing development of renewables.

    "When there is a national problem, it is very easy to blame Brussels," Almunia said.

RENN
3.25-0.04(-1.22%)Aug 1 4:01 PMEDT

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