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Stock Market & Financial Investment News

News Breaks
January 9, 2013
17:32 EDTEDConsolidated Edison announces 2009 tax deductions decision reversed
On January 9, the United States Court of Appeals for the Federal Circuit issued a decision disallowing tax deductions claimed by Consolidated Edison relating to a 1997 transaction in which Consolidated Edison Development leased property and then immediately subleased it back to the lessor. This decision reverses an October 2009 decision of the United States Court of Federal Claims in favor of the company.
News For ED From The Last 14 Days
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April 16, 2015
08:04 EDTEDCon Edison Devleopment enters into agreement to procure GE energy storage system
GE (GE) announced it will supply Con Edison Development (ED) with an 8 MWh battery energy storage system in Central Valley, CA. The new storage solution will be utilizing GEs Mark VIe-based plant control system, Brilliance MW Inverters, and packaged lithium ion battery modules. As part of its expanding energy storage portfolio, this project marks the first time GE will introduce a lithium ion battery solution. The system will provide two megawatts of power over a four-hour period, and the deal includes delivery of a complete energy storage system, with associated long-term service agreements.

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